The cloud hosting market is dominated by two major players, Microsoft and Amazon, who together own more than a third of the market. Microsoft is in the lead with a 17% market share and an impressive annual growth of 34%, mainly due to its dominance in the high-growth collaboration segment. Amazon is the world leader right now and will be in the near future, since there is no one really close to them. Google Cloud and Alibaba Cloud follow with 9% and 6% respectively, making up more than half of the market.
IBM Cloud, Salesforce, Tencent Cloud and Oracle Cloud together account for 12%.When it comes to choosing a cloud service provider, cost-effectiveness is an important factor. The smallest cloud service providers, such as OVHcloud, DigitalOcean and Linode, are usually the most cost-effective. However, large providers like Microsoft Azure and Google Cloud offer virtual machines (VMs) optimized for next-generation computing. Alibaba Group primarily generates cloud computing revenue from business customers based on the duration and usage of its services.Cloud technology offers a wide range of benefits that make it an attractive option for businesses.
It provides mobile access, allowing employees to securely access company systems and data through their mobile devices. It also reduces the demands for security resources, freeing up your team to focus on other areas. Additionally, cloud computing can help you save money in the long run by reducing indirect costs.According to IDC projections, global spending on public cloud services and infrastructure is expected to double over the next five years. With more than 360 providers and 550 cloud platform services in 22 categories, there are plenty of options available for businesses of all sizes.
Kyndryl has recently established new strategic relationships with Microsoft Azure and Google Cloud to provide customers with powerful computing and storage capabilities with integrated analytics.Whether you're a small business or a large enterprise, you can find a cloud service provider that meets your needs. Amazon Web Service (AWS) is a popular choice for businesses looking to move from their data centers to cloud computing. DigitalOcean is another great option for smaller customers, including developers, startups, and SMBs. And if you're looking for a ready-to-use solution to mitigate risk, the public cloud offers plenty of tools and talent.
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