Alibaba, Tencent Cloud and Huawei Cloud named as some of the biggest global IaaS providers

By May 2020Cloud, News

Alibaba, Tencent Cloud and Huawei Cloud named as some of the biggest global IaaS providers

Alibaba, Tencent Cloud and Huawei Cloud named as some of the biggest global IaaS providers

Three of China’s top cloud providers have been ranked as some of the biggest in the global Infrastructure as a Service (IaaS) market. Alibaba Cloud took third place worldwide, Tencent Cloud took fifth and Huawei Cloud placed sixth.

Gartner, a global research and advisory firm, revealed the results as part of their recent Market Share: IT Services, 2019 report.

The IaaS market expanded rapidly with a year-on-year growth of 40.7%, climbing to a value of US$48.9 billion. The 2019 revenue from the IaaS market grew at a massive 222.2%.

Alibaba increased its global market share to 9.1%, while Tencent Cloud grew by 111% globally and Huawei Cloud was reported to have grown at a faster rate than any other provider, including global giants like AWS and Microsoft Azure.

In Gartner’s latest report, Alibaba Cloud was also named the largest IaaS provider in Asia Pacific, while Tencent Cloud was third across the region and Huawei Cloud placed third in China.

Jeff Zhang, president of Alibaba Cloud Intelligence, said: “We believe our strong growth and leading market position is a testament to the hard work of our teams and the support of our many customers and partners around the world, to whom we are truly grateful.”

How will cloud service providers expand their market share?

Alibaba Cloud announced it would invest an extra US$28 billion in the next three years to speed up recovery from the pandemic and help businesses in their digital transformation efforts.

Compared to Gartner’s previous report, Tencent Cloud rose to fifth place, while IBM took this place last year. AWS took first place in 2018 with a market share of 47.8% and Microsoft Azure came in second with 15.5%.

Tencent’s new ranking is likely due to the company becoming China’s first company with more than one million servers and their expansion into 26 geographic areas with 53 availability zones. The cloud service provider continues to expand its market share by growing the business across verticals, including tourism, Internet services and gaming. Tencent also recently announced their cloud conferencing tool VooV will now be available in Malaysia.

Huawei Cloud increased their market share by launching cloud data centers in Singapore and Latin America, expanding to 45 availability zones across 23 regions. Huawei also increased their offering by developing 2,000 technology partnerships and releasing 3,500 cloud applications in 2019.

Looking ahead, Huawei Cloud will enhance its AI cloud services, Kunpeng processors and 5G capabilities to increase its market share and help businesses achieve digital transformation.

Looking to learn more about Digital Transformation?

Cloud applications are heavily used in digital transformation efforts by SMEs. But many C-level staff find their digital transformation plans fail through mistakes like misunderstanding economics and miscommunication.

How can SMEs overcome the challenges of digital transformation? Join us on 14 May to explore this and more at W.Media’s next free digital event Digital Transformation – Through the Lens of CXOs and SME Business Owners.

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