Gartner announced that the public cloud services market grew by 41.4% globally in 2021. In 2021, the total of the market grew to $90.9 in 2021, from $64.3 billion in 2020. Gartner also stated that the top five IaaS providers, Amazon, Microsoft, Alibaba, Google, and Huawei, account for more than 80% of the total market. In 2021, Amazon lead the market with a revenue of $35.4 billion and a 38.9% market share.
Amazon, Microsoft, Alibaba, Google, and Huawei
In 2021, Microsoft was behind Amazon, with a 21.1% market share and above-market growth. The tech giant reached $19 billion in IaaS revenue. Alibaba became third with a 9.5% market share and revenue of $8.7 billion in 2021. Along with China, Alibaba is the leading provider in Indonesia, Malaysia, and other emerging cloud markets.
Google Cloud saw the highest growth rate by growing 63.7% among the top five providers and reached $6.4 billion in revenue. It was driven by the adoption of traditional enterprise workloads and the company’s innovation in more cutting-edge capabilities, supported by an expansion of their partner ecosystem. Huawei became fifth on the list with a 4.6% market share and $4.2 billion in revenue. However, Huawei also increased its market share by 56.3% from 2020 to 2021.