ANL 19.29 Decreased By ▼ -1.56 (-7.48%)
ASC 13.45 Decreased By ▼ -0.09 (-0.66%)
ASL 22.20 Decreased By ▼ -0.80 (-3.48%)
BOP 8.18 Decreased By ▼ -0.02 (-0.24%)
BYCO 7.55 Decreased By ▼ -0.26 (-3.33%)
FCCL 17.45 Decreased By ▼ -0.35 (-1.97%)
FFBL 22.10 Decreased By ▼ -0.65 (-2.86%)
FFL 15.20 Decreased By ▼ -0.30 (-1.94%)
FNEL 7.40 Increased By ▲ 0.05 (0.68%)
GGGL 17.00 Decreased By ▼ -0.83 (-4.66%)
GGL 39.30 Decreased By ▼ -0.71 (-1.77%)
HUMNL 5.76 Decreased By ▼ -0.26 (-4.32%)
JSCL 18.00 Decreased By ▼ -0.30 (-1.64%)
KAPCO 35.95 Decreased By ▼ -0.40 (-1.1%)
KEL 3.29 Decreased By ▼ -0.11 (-3.24%)
MDTL 2.50 Decreased By ▼ -0.15 (-5.66%)
MLCF 34.24 Decreased By ▼ -0.86 (-2.45%)
NETSOL 119.85 Decreased By ▼ -9.55 (-7.38%)
PACE 4.94 Increased By ▲ 0.19 (4%)
PAEL 26.53 Decreased By ▼ -0.47 (-1.74%)
PIBTL 8.71 Decreased By ▼ -0.14 (-1.58%)
POWER 7.25 Decreased By ▼ -0.20 (-2.68%)
PRL 16.97 Decreased By ▼ -0.18 (-1.05%)
PTC 9.65 Decreased By ▼ -0.36 (-3.6%)
SILK 1.50 No Change ▼ 0.00 (0%)
SNGP 45.10 Increased By ▲ 0.10 (0.22%)
TELE 17.48 Decreased By ▼ -1.41 (-7.46%)
TRG 161.00 Decreased By ▼ -1.70 (-1.04%)
UNITY 31.80 Decreased By ▼ -1.15 (-3.49%)
WTL 2.85 Decreased By ▼ -0.09 (-3.06%)
BR100 4,718 Decreased By ▼ -14.65 (-0.31%)
BR30 22,320 Decreased By ▼ -482.1 (-2.11%)
KSE100 45,074 Decreased By ▼ -223.36 (-0.49%)
KSE30 17,742 Decreased By ▼ -68.18 (-0.38%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,482
5024hr
Pakistan Cases
1,234,828
2,23324hr
4.23% positivity
Sindh
453,858
Punjab
426,639
Balochistan
32,828
Islamabad
104,764
KPK
172,498
Business & Finance

Amazon stays atop fast-growing cloud computing market

  • Amazon held nearly 41 percent of the market last year, down from 45 percent in 2019 as its revenues grew 28 percent, according to Gartner.
29 Jun 2021

WASHINGTON: Amazon remained the dominant global cloud computing firm in 2020 as rivals including Microsoft, Alibaba and Google gained ground in the fast-growing market, a research firm said.

A Gartner survey released Monday showed the so-called "infrastructure as a service" market grew 40.7 percent last year to $64.3 billion.

Amazon held nearly 41 percent of the market last year, down from 45 percent in 2019 as its revenues grew 28 percent, according to Gartner.

Microsoft -- seen as a surging rival in the sector -- saw revenue growth of nearly 60 percent to capture almost 20 percent of the market.

Sid Nag, research vice president at Gartner, said the market is growing as more businesses rely on cloud-based solutions, with the trend accelerating during the pandemic.

Nag said the market was also helped by a growing trend of "data sovereignty" with organizations seeking to keep their data in their home countries.

Gartner said Microsoft in particular benefitted from the pandemic as organizations shifted to the cloud for "critical" workloads, such as healthcare, manufacturing and e-commerce.

China-based Alibaba also had robust growth to reach a 9.5 percent market share while Google boosted its share to more than six percent.

Huawei, a Chinese firm targeted by US sanctions, saw revenue growth of more than 200 percent to capture a 4.2 percent market share and the number five position, according to Gartner.

Comments

Comments are closed.