Cloud computing market revenue grow fast in 2020 and is estimated to hit below $300 billion in 2021. The Covid-19 pandemic and remote work have made more companies moves to cloud.
Cloud providers will fight to get the big peace of $300 billion and in overall this situation will help consumers to get a better offer.
Right now, the biggest play in the cloud market are Amazon Web Services, Microsoft Azure, Google Cloud Platform, Alibaba Cloud and IBM.
Amazon Web Service has been the firs cloud computing because the offer that service since 2008. Year after year they launches new services.
AWS owns more than 40% of infrastructure as a service in a global market and in 2019 sales were more than $20 billion.
Second is Microsoft Azure, the larger software marker in the world. Cheap and easy storyline is the Microsoft Azure competitive advantage. They provides secure storage of secrets, such as passwords and database connection strings.
Google Cloud Platform is no. 3 in the cloud computing market. They have $11 billion annual revenue. In the first quarter of 2020, Google Cloud Platform stumbled onto a hit with Google Meet, which became a hit for remote workers because of pandemic.
IBM Cloud, Alibaba Cloud, VMware, HP Public Cloud, Oracle Cloud, Dell Technologies, Equinix and Rackspace are other big companies which gain a lot of revenue in Cloud Computing market.
Every year it past, Cloud Computing become more competitive market, so the big names are preparing strategies how to raise they revenue and become leader in market.
Cloud computing is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user.
Using Cloud Computing make business more productive, reduce cost, give a better performance and security.