Amazon Web Services, Microsoft Azure, Google Cloud, Alibaba Cloud and IBM where top cloud providers a year before. 5 biggest companies in the world for cloud computing have battling to gain revenue in a market that is growing rapidly.
IBM has lost terrain because now is not anymore in top 5 list. Hewlett Packard Enterprise and Cisco Systems are new entry’s. This situation has forced IBM to split its business in two companies, which one will be focus only for cloud.
Decision comes as a landmark decision in the 109-year-old IBM legacy and company plans to launch a separate company for information technology infrastructure services with a new name by the end of 2021. Ginni Rometty, IBM executive chairman, said the decision comes in wake of preparing and positioning the company for a “new era of hybrid cloud”.
1. Microsoft Azure – $51,700 million
Microsoft Azure, commonly referred to as Azure is a cloud computing service created by Microsoft for building, testing, deploying, and managing applications and services through Microsoft-managed data centers.
Azure, which was announced in October 2008, started with codename “Project Red Dog” and released on February 1, 2010, has a 47% revenue growth rate in the previous quarter as reported by Microsoft.
It provides software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS) and supports many different programming languages, tools, and frameworks, including both Microsoft-specific and third-party software and systems.
2. Amazon Web Services – $35,026 million
Amazon Web Services is a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis.
The subsidiary of Amazon Inc., provides on-demand cloud platform services. According to a report by Canalys, AWS is the biggest player, commanding 31% of the market share of cloud service providers.
These cloud computing web services provide a variety of basic abstract technical infrastructure and distributed computing building blocks and tools.
3. Hewlett Packard Enterprise – $13,300 million
Hewlett Packard Enterprise is an American multinational enterprise information technology company based in San Jose, California, founded on November 1, 2015, as part of the splitting of the Hewlett-Packard company.
HP Cloud offers varied cloud services as HPE’s cloud segment. The offerings are in a range of public, private and hybrid cloud services. The company launched Cloud Volumes Backup, a new enterprise multi-cloud backup service in June, and is experiencing a surge in sales post Covid.
4. Salesforce – $13,300 million
Salesforce, is an American cloud-based software company headquartered in San Francisco, California, who provides customer relationship management services and applications on customer service, marketing automation and analytics. Services include categories like Commerce Cloud, Sales Cloud, Service Cloud, Data Cloud and Internet of Things.
5. Cisco Systems – $11,621 million
Cisco Systems, is an American multinational technology conglomerate headquartered in San Jose, California, in the center of Silicon Valley, which has a portfolio of multi-cloud software, and integrated solutions and services to enable people to connect. The company’s WebEx platform for communication, recorded the highest usage and users number in March 2020.
6. VMware – Cloud Revenue – $10,811 million
7. IBM Cloud – Cloud Revenue – $9,499 million
8. Google Cloud Platform – Cloud Revenue – $8,918 million
9. Adobe – Cloud Revenue – $7,208 million
10. SAP – Cloud Revenue – $6,933 million
How does cloud computing work?
Companies do not need to have their own computing infrastructure or data centers, but can rent anything from applications to storage from cloud service providers. One of the benefits of using cloud computing services is that enterprises can avoid the upfront cost and complexity of owning and maintaining their own IT infrastructure, and only need to pay for the use when they use it. In turn, cloud computing service providers can benefit from economies of scale by providing the same services to a wide range of customers.