Is cloud services market share growth in this world? The market is by 3 vendors who account for nearly 80% of the worldwide IaaS cloud need claim today. This article discusses how the cloud services market share is increasing in this world.
Is Cloud Services Market Share Growing in This World?
Cloud Services Market Share is a measure of the percentage of revenues in the cloud services market that is attributable to a particular vendor. For example, Microsoft might have a 37% market share of the cloud services market.
Other vendors include Amazon, IBM, Salesforce, Google, and VMware. While the cloud services market has been growing at a fast pace in recent years, it is still in the early stages of its development.
As more businesses embrace cloud computing solutions, the demand for cloud services will continue to grow. The cloud services market is by five vendors who account for nearly 80% of the worldwide IaaS cloud market share today.
The Global Cloud Services Market
Cloud services help businesses increase their efficiency, improve productivity and lower costs. So, the global cloud services market will grow from $127 billion in 2015 to $241 billion by 2020.
Some of the major factors driving this growth are the rising adoption of cloud computing and improving technology infrastructure. Also, increasing demand for applications.
The cloud market is by a few major players. The growing market of cloud services is attracting new vendors.
Amazon
For example, Amazon Web Services (AWS) is the largest provider of cloud services in the world. In terms of revenue, AWS accounts for 38% of the total market share.
AWS was in 2006 by Amazon Web Services, Inc (AWS), a subsidiary of Amazon.com. Amazon Web Services provide a range of cloud computing services to individuals and businesses in the form of web services.
In 2013, AWS had $1.6 billion in revenue and over 1 million active customers. Today, AWS is a leading cloud services provider with more than 35 availability zones across 11 geographical regions worldwide.
Amazon has enormous growth potential. According to a recent report from Forrester Research, AWS could be worth $25 billion by 2017.
Google operates the Google Cloud Platform. The Google Cloud Platform consists of a set of services that developers can use to build and run applications on the platform.
These include Google App Engine, which lets developers build and run their applications on Google’s infrastructure; Google Compute Engine. Also, Google Cloud Storage, lets developers store and retrieve data from a scalable and reliable object storage system.
Google has a large market share in the cloud market. The company is making considerable investments in the cloud services market and it is to grow at a high rate in the future.
IBM
IBM offers a range of cloud services, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). IBM Cloud is one of the largest PaaS providers in the world. It offers enterprise-level solutions to big businesses.
It offers low-cost solutions to small businesses. IBM also provides its customers with an API that allows them to build their cloud applications. Thus, IBM has a large cloud services market share.
Conclusion
Cloud services are growing fast. The cloud services market is by a few major players, including Amazon, Google, and IBM. However, more and more new vendors are entering the market.