Alibaba Cloud Market Share

Tencents share of chinas cloud infrastructure market rose from 154 to 18 between the first and fourth quarters of 2019 according to canalys as alibabas share dipped from 473 to 464.

Alibaba cloud market share. Alibaba cloud offers integrated suite of cloud products and services to businesses in india to help with digital transformation by providing scalable secure and reliable cloud computing solutions. Alibaba group spun off alipay in 2010 in a controversial move. Global data center regions 2800 cdn nodes around the.

Alibaba cloud offers reliable and secure cloud computing products and services for your cloud infrastructure to digitalize and empower your business at competitive prices. Despite strong growth across the board the cloud markets consolidation favors the large and dominant providers with. The worldwide infrastructure as a service iaas market grew 313 in 2018 to total 324 billion up from 247 billion in 2017 according to gartner inc.

It seems clear that in the case of aws vs azure vs google cloud market share aws still has the lead. According to analyst research report alipay has the biggest market share in china with 300 million users and control of just under half of chinas online payment market in february 2014. Owning a 77 public cloud market share according to gartner alibaba has annual revenues of 249 billion and impressive growth of 926 in 2018.

The chinese ecommerce giant continues its impressive growth into 2019 reporting q1 and q2 combined revenues of 22 billion a growth of 66. As of july 2020 canalys reports aws with 31 of the market azure at 20 google cloud at 6 alibaba cloud close behind at 5 and other clouds with 37. We are impressed by alibaba clouds scalable and flexible technology and its strong ecosystem that enables us to rapidly deliver customized digital solutions for our chinese customers.

The company reported net income of rmb4759 billion 674 billion or rmb1736 a share up from rmb2126 billion or rmb806 a share in the year earlier quarter. Alibaba reported adjusted. In 2013 alipay launched a financial product platform called yuebao.

We value alibaba clouds local market insights and reliable technology as it supports our in china for china strategy. Amazon was once again the no. 1 vendor in the iaas market in 2018 followed by microsoft alibaba google and ibm.