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Q4 global cloud service market surges by 10 billion US dollars in 2020 From Canalys

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According to foreign media reports, according to the data released by the Market Research Institute canalys, the global cloud service market surged by 10 billion US dollars in the fourth quarter of 2020. In 2020, total expenditure on cloud infrastructure services increased by 33% to US $142 billion, up from US $107 billion in 2019.

The image is from canalys, a market research organization

The image is from canalys, a market research organization

Canalys said that cloud service providers are increasing investment in channel cooperation to maintain strong demand and support customers, which will be crucial for projects to be implemented in 2021 and beyond.

As major cloud service providers and technology channels increase customer investment, cloud infrastructure services spending surged by 32% to $39.9 billion in the fourth quarter of 2020.

In the global cloud service market, the top five are Amazon cloud service (AWS), Microsoft azure, Google cloud and alicloud.

In the fourth quarter of 2020, Amazon cloud service became the leading cloud service provider again with 32% market share, according to canalys.

Amazon’s cloud service revenue for the quarter was $12.742 billion, up 28% from a year earlier, according to its financial report released on Tuesday local time.

Second is Microsoft azure, whose share in the global cloud service market has increased to 20%, and its growth rate has accelerated again, up to 50%.

Google cloud ranks third, with a 7% market share, becoming the third largest cloud service provider in the fourth quarter of 2020. The company claims it surged 58% in the fourth quarter of 2020.

Google’s parent company, alphabet, reported revenue of $3.8 billion for the quarter, local time said on Tuesday.

According to canalys, Alibaba cloud, Alibaba’s cloud computing business, ranks fourth with a 6% share of the global cloud services market and a 54% growth in the fourth quarter of 2020.

Alibaba cloud reported revenue of 16.115 billion yuan (US $2.47 billion) in the fourth quarter of 2020, up 50% year-on-year, mainly due to the strong growth of Internet, retail industry and public sector customer revenue, according to Alibaba’s financial report released on Tuesday. Alibaba cloud is still the leading cloud service provider in the Asia Pacific region (including China).

More reading from techweb: canalys: Q2 report of China’s public cloud service market in 2019, Alibaba cloud ranks first. Canalys: the expenditure on cloud services will reach US $31 billion in the first quarter of 2020, with a year-on-year growth of 34%. Canalys: the expenditure on China’s cloud computing infrastructure will reach nearly US $3 billion in Q3 in 2019. AWS technology summit will set sail in Shanghai in 2018 It is estimated that there will be more than 50 technical forums and more than 6000 professionals participating in the conference, which will be the best in China for AWS technology summit. Synergy research: Q2 Asia Pacific cloud computing market ranking in 2020, Amazon cloud ranks first. Synergy research group: Q1 global cloud service market share in 2018, synergy research: Q1 Asia Pacific public cloud ranking in 2019 Top of AWS ranking Goldman Sachs: Microsoft azure surpasses AWS to become the most popular cloud service Gartner: global cloud product evaluation report 2020 Amazon ranks first in comprehensive capability IDC: Top 10 global public cloud IAAs service providers in 2018 Chinese manufacturers take four seats IDG: average annual cloud spending budget of us enterprises will reach US $1.77 million in 2017 synergy Research: revenue of cloud operators and suppliers exceeds 150 billion US dollars in the first half of 2019 Cisco: five trends of mobile cloud services CSC: enterprise cloud service application survey data information view Microsoft: cloud business transformation is promoted, and the number of office 365 subscribers exceeds 200 million

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