In the fourth quarter of 2024, the most popular vendor in the cloud infrastructure services market, Amazon Web Services (AWS), controlled ** percent of the entire market. Microsoft Azure takes second place with ** percent market share, followed by Google Cloud with ** percent market share. Together, these three cloud vendors account for ** percent of total spend in the fourth quarter of 2024. Organizations use cloud services from these vendors for machine learning, data analytics, cloud native development, application migration, and other services. AWS Services Amazon Web Services is used by many organizations because it offers a wide variety of services and products to its customers that improve business agility while being secure and reliable. One of AWS’s most used services is Amazon EC2, which lets customers create virtual machines for their strategic projects while spending less time on maintaining servers. Another important service is Amazon Simple Storage Service (S3), which offers a secure file storage service. In addition, Amazon also offers security, website infrastructure management, and identity and access management solutions. Cloud infrastructure services Vendors offering cloud services to a global customer base do so through different types of cloud computing, which include infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Further, there are different cloud computing deployment models available for customers, namely private cloud and public cloud, as well as community cloud and hybrid cloud. A cloud deployment model is defined based on the location where the deployment resides, and who has access to and control over the infrastructure.

In 2024, Amazon Web Services led as the top vendor in the cloud applications market share with ** percent. Microsoft Azure and Google Cloud Platform were close behind with ** percent and ** percent of the market share, respectively.

In the second quarter of 2025, Amazon Web Services (AWS) held around a **-percent market share of the cloud infrastructure services market. AWS's share of the cloud infrastructure services market has remained steady at around a ***** of the total market since at least 2017. Microsoft Azure and Google Cloud accounted for ** percent and ** percent of the market, respectively. The other cloud providers held a combined **-percent share. The main types of cloud computing Infrastructure as a service (IaaS) or cloud infrastructure services forms one of the three core service models of the

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The private cloud services market is expected to grow at a CAGR of 25% during the forecast period. Growing adoption of cloud among smes, drivers.2, and drivers.3 are some of the significant factors fueling private cloud services market growth.

Growing adoption of cloud among smes

To estimate the size of the global private cloud services market, Technavio has tracked the recent trends and developments in the industry. The market size has been developed in terms of value by considering the following factors: The market size has been calculated based on investments made by cloud service providers, colocation service providers, and enterprises in setting up new data centers or upgrading their existing data centers. The market size excludes all discounts and allowances, and government subsidies. Revenues: Taken in local currencies, if not available in US dollars, for each country and vendor and then converted to US dollars using the yearly average currency exchange rate of 2019, the base year. This implies that the figures reflect industry trends, not distorted by fluctuations in international exchange rates. Exclusions: The report does not consider the effect of inflation and price fluctuation over the forecast period. Currency: Unless explicitly mentioned, all revenues are represented in US dollars. The market sizing has been built and validated using multiple demand-side and supply-side approaches for a detailed understanding of the global private cloud services market. The specific market sizing approaches used for evaluating the global private cloud services market are: Top down: Validated the market on the basis of the contribution of global private cloud services market to the overall IT spending market Bottom up: Validated the market on the basis of the revenue of key technology solution providers from the global private cloud services market. Combination: Using a combination of more than one approaches described above and integrating the results in a data model Within the above-mentioned market sizing models, analysts have made assumptions and estimates listed below: Extensive use of private cloud services for storage purpose Stringent government regulations For this report, we have also used the following macro data in modeling the market size for 2019: GDP growth Mobile penetration rates Internet penetration rates Broadband penetration rates Based on the above data models, Technavio has estimated the total market for private cloud services as $34.14 billion in 2019.

This forecast shows the market share of the top finance industry cloud companies worldwide in the second half of 2017. In the second half of 2017, SAP was the leading provider of cloud computing services in the finance industry, having a market share of **** percent.

PI-to-Cloud Data Broker Solutions Market Outlook

According to our latest research, the Global PI-to-Cloud Data Broker Solutions market size was valued at $2.1 billion in 2024 and is projected to reach $8.9 billion by 2033, expanding at a robust CAGR of 17.2% during the forecast period from 2025 to 2033. The primary factor fueling this remarkable growth is the increasing adoption of cloud-based architectures across industries, driven by the need for real-time data integration, secure data migration, and seamless interoperability between legacy PI (Process Information) systems and modern cloud environments. As organizations accelerate their digital transformation journeys, the demand for advanced data broker solutions that can bridge on-premises PI systems and cloud platforms is surging, positioning this market for sustained expansion over the next decade.

Regional Outlook

North America currently holds the largest share of the global PI-to-Cloud Data Broker Solutions market, accounting for over 38% of the total market value in 2024. This dominance can be attributed to the region's mature IT infrastructure, high cloud adoption rates, and the presence of leading technology providers. The United States, in particular, has seen significant investments in digital transformation initiatives across sectors such as oil & gas, manufacturing, and healthcare, all of which rely heavily on PI systems for operational data. Stringent regulatory frameworks around data security and privacy further bolster the adoption of sophisticated data broker solutions, as enterprises seek to comply with standards like HIPAA and GDPR while leveraging cloud capabilities. The region’s robust ecosystem of cloud service providers, system integrators, and consulting firms also accelerates market maturity and innovation.

Asia Pacific is emerging as the fastest-growing region, projected to register a stellar CAGR of 21.4% between 2025 and 2033. This rapid growth is propelled by massive investments in smart manufacturing, energy modernization, and the proliferation of Industry 4.0 initiatives, especially in countries like China, Japan, South Korea, and India. Governments and private enterprises are increasingly recognizing the value of integrating operational PI data with cloud analytics to enhance productivity and competitiveness. Additionally, the rise of local cloud service providers and favorable policy reforms supporting digital infrastructure are fostering a conducive environment for the adoption of PI-to-Cloud Data Broker Solutions. The region’s large base of small and medium enterprises (SMEs) is also driving demand for scalable, cost-effective data integration tools, further amplifying market growth.

Emerging economies in Latin America and the Middle East & Africa are witnessing gradual adoption of PI-to-Cloud Data Broker Solutions, though several challenges persist. These include limited access to advanced digital infrastructure, budgetary constraints, and a lack of skilled IT professionals familiar with both PI systems and cloud technologies. However, localized demand is steadily rising, particularly in sectors such as oil & gas, utilities, and healthcare, where operational efficiency and data-driven decision-making are becoming critical. Policy shifts towards digitalization, coupled with international partnerships and foreign direct investment, are expected to accelerate market penetration in these regions. Nonetheless, adoption rates remain tempered by issues such as inconsistent regulatory frameworks and concerns around data sovereignty.

Report Scope

In 2021, ** percent of respondents stated that they are using Microsoft Azure for their cloud services. Amazon Web Services (AWS) was on top of the list until 2020, when Microsoft took the place. Additionally, the percentage of respondents not using any form of cloud rose to ***** percent in 2022 from **** percent in 2021. Microsoft Azure, AWS and Google Cloud are the key players Among the reasons for the popularity of Microsoft Azure, AWS, and Google Cloud is their global cloud infrastructure. These vendors are a prominent choice for organizations as they provide cloud on-ramp services in data centers around the world while ensuring high security standards and achieving great levels of reliability. Further, private cloud takes the third place, meaning that organizations use a cloud computing environment that is dedicated entirely to that organization alone. What are the vendors’ key strengths? One of AWS’ key strengths is its wide variety of services, including storage, analytics, networking, developer tools, security, and enterprise applications, among others. This broad product portfolio makes AWS a great choice for customers seeking to boost developer functionality. Microsoft Azure, on the other hand, is a popular choice due to its combination of Azure, Teams, and Office ***, making it a good fit with all enterprise computing needs in a single place. Finally, Google Cloud’s hallmark is its expertise around open-source technologies, such as container technology, which makes Google’s offering compelling to customers who prioritize digital transformation. Importantly, these vendors continuously expand their repertoire of technologies and partners to offer customers a wide range of solutions for different use cases.

Cloud Rights Management Market Outlook

According to our latest research, the global Cloud Rights Management market size reached USD 2.34 billion in 2024, driven by the escalating need for robust digital content protection and compliance across industries. The market is poised to grow at a remarkable CAGR of 15.2% during the forecast period, with projections indicating the market will reach USD 7.01 billion by 2033. This robust expansion is underpinned by the increasing adoption of cloud-based solutions, stringent regulatory requirements, and a surge in digital transformation initiatives worldwide. The ongoing proliferation of cloud computing, coupled with the necessity for secure content management and intellectual property protection, continues to propel the Cloud Rights Management market forward.

One of the primary growth factors for the Cloud Rights Management market is the mounting volume of sensitive data being stored and shared via cloud platforms. Organizations across various sectors, including BFSI, healthcare, and education, are shifting critical operations and data storage to the cloud, necessitating advanced rights management solutions to safeguard proprietary information and ensure regulatory compliance. The growing awareness regarding data breaches, cyber threats, and the potential financial and reputational damages associated with such incidents has made cloud rights management a top priority for enterprises. Furthermore, the integration of artificial intelligence and machine learning into these solutions is enhancing their efficiency, enabling real-time threat detection and automated policy enforcement, which further accelerates adoption rates across industries.

Another significant driver is the tightening regulatory landscape surrounding data privacy and intellectual property protection. Legislation such as the General Data Protection Regulation (GDPR) in Europe, the Health Insurance Portability and Accountability Act (HIPAA) in the United States, and similar frameworks in Asia Pacific have compelled organizations to implement comprehensive data security and rights management strategies. These regulations mandate strict controls over data access, sharing, and storage, making cloud rights management solutions indispensable for achieving compliance. Additionally, as businesses expand globally, the complexity of managing cross-border data flows and adhering to diverse regulatory requirements further fuels the demand for scalable and flexible cloud rights management tools.

The evolving digital content ecosystem, marked by the rapid growth of digital media, e-learning, and remote work models, is also contributing to the market's expansion. Media and entertainment companies, educational institutions, and enterprises are increasingly reliant on cloud-based platforms for content creation, distribution, and collaboration. This shift heightens the risk of unauthorized access, piracy, and data leakage, underscoring the need for robust cloud rights management solutions that can ensure secure content sharing and intellectual property protection. The market is also benefiting from the ongoing trend of digital transformation, as organizations seek to modernize their IT infrastructure and embrace cloud-native applications, thereby creating new opportunities for cloud rights management vendors.

From a regional perspective, North America continues to dominate the Cloud Rights Management market, accounting for the largest share in 2024, followed closely by Europe and Asia Pacific. The strong presence of leading technology providers, high cloud adoption rates, and stringent regulatory frameworks in these regions are major contributing factors. Meanwhile, Asia Pacific is witnessing the fastest growth, fueled by burgeoning digital economies, increased cloud investments, and rising awareness about data security. Latin America and the Middle East & Africa are also emerging as promising markets, driven by digitalization initiatives and a growing focus on data protection. This regional diversification is expected to shape the competitive landscape and drive innovation in cloud rights management solutions over the forecast period.

Component Analysis

The Cloud Rights Management market is segmented by component into Solutions and Services, both of which play critical roles in securing digital assets and ensuring regulatory compliance. The Solutions segment encompasses a wide array of softwar

The cloud database market is experiencing robust growth, driven by the increasing adoption of cloud computing across various industries. Businesses are migrating their on-premise databases to the cloud to leverage scalability, cost-effectiveness, and enhanced security. The market is segmented by application (Small and Medium Businesses (SMBs) and Large Enterprises) and type (Database Application Builder, Data Scaling and Replication, Backup and Recovery, Database Encryption, and Others). Large enterprises are currently the dominant segment, owing to their greater technological investment and need for robust data management solutions. However, SMBs are exhibiting rapid growth, driven by the availability of cost-effective cloud solutions and the increasing need for digital transformation. Key market drivers include the rising volume of data generated globally, increasing demand for data analytics, and the growing adoption of cloud-native applications. Trends include the increasing popularity of serverless databases, the integration of AI and machine learning into database management systems, and the rising demand for managed cloud database services. While competitive pressures and data security concerns act as restraints, the overall market outlook remains positive, with a projected compound annual growth rate (CAGR) signifying significant expansion over the forecast period (2025-2033). We estimate the 2025 market size to be $80 billion, growing to approximately $120 billion by 2033, based on projected growth rates from similar technology sectors. Leading vendors like Amazon, Microsoft, Oracle, and Google are aggressively investing in research and development, further fueling market expansion through innovation and competition. The geographical distribution of the cloud database market shows strong presence in North America and Europe, attributed to high technological adoption and established digital infrastructure. However, Asia Pacific and Middle East & Africa are showing the highest growth rates, driven by increasing internet penetration and government initiatives promoting digital transformation. The market is characterized by intense competition among established players and emerging cloud providers. Strategic partnerships, acquisitions, and continuous product innovation are key strategies being employed by these players to gain market share. Future growth is anticipated to be fuelled by the increasing adoption of 5G technology, the growth of the Internet of Things (IoT), and the continued expansion of big data analytics. The focus will remain on enhanced security, compliance, and improved ease-of-use to attract a wider range of customers across diverse industries.

India Cloud Computing Report is Segmented by Deployment Model (Public, Private, Hybrid), Service Type (IaaS, Paas, Saas, Faas), Organisation Size (SMEs, Large Enterprises), Industry Vertical (BFSI, Manufacturing, Retail, Healthcare, Telecom, Government, Transportation and More), Workload (Compute, Analytics, AI/ML, Business Apps, DR, Collaboration), and Geography (North, West, South, East). Market Forecasts in Value (USD).

Cloud Optimization Market Outlook

According to our latest research, the cloud optimization market size reached USD 9.7 billion globally in 2024, reflecting robust adoption across industries. The market is projected to grow at a CAGR of 16.4% from 2025 to 2033, positioning it to achieve a value of approximately USD 36.4 billion by 2033. This significant expansion is driven by the increasing need for enterprises to optimize cloud resource utilization, reduce operational costs, and enhance performance in a rapidly digitizing business environment.

One of the primary growth factors propelling the cloud optimization market is the exponential increase in cloud adoption across both large enterprises and small and medium enterprises (SMEs). As organizations continue to migrate workloads and mission-critical applications to public, private, and hybrid cloud infrastructures, the complexity of managing these environments grows. This complexity necessitates advanced cloud optimization solutions that can automatically monitor, analyze, and optimize cloud usage in real-time. Additionally, the proliferation of multi-cloud strategies, where enterprises leverage services from multiple cloud vendors, further accentuates the need for sophisticated optimization tools to ensure cost efficiency, compliance, and performance across disparate environments.

Another key driver is the rising pressure on organizations to control and reduce cloud spending. As cloud environments scale, so do the associated costs, often leading to inefficiencies and budget overruns. Cloud optimization solutions address this challenge by providing visibility into resource consumption, identifying underutilized assets, and automating cost-saving measures such as rightsizing, scheduling, and reserved instance management. The growing emphasis on financial governance and cloud cost management, especially in sectors with stringent budget constraints like government and healthcare, is expected to fuel further demand for these solutions. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) within cloud optimization tools is enabling predictive analytics and smarter automation, enhancing their value proposition for enterprises seeking to maximize ROI from their cloud investments.

Security and compliance requirements are also playing a pivotal role in the growth of the cloud optimization market. As regulatory frameworks become more stringent, particularly in regions such as North America and Europe, organizations must ensure their cloud environments remain compliant with industry standards and data protection laws. Cloud optimization solutions now offer features like continuous compliance monitoring, automated remediation, and security posture management, which are critical for industries such as BFSI and healthcare. These capabilities not only help mitigate risks but also reduce the operational burden on IT teams, making cloud optimization an essential component of modern enterprise cloud strategies.

Regionally, North America continues to dominate the cloud optimization market, accounting for the largest revenue share in 2024. This leadership is attributed to the advanced cloud infrastructure, high adoption rates of cloud computing, and the presence of major cloud service providers in the region. However, Asia Pacific is anticipated to exhibit the fastest growth rate over the forecast period, driven by rapid digital transformation, increasing cloud investments, and a burgeoning SME sector. Europe remains a significant market, propelled by regulatory compliance needs and strong enterprise demand for cost and performance optimization. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth as cloud adoption accelerates and enterprises seek to optimize their expanding cloud footprints.

Component Analysis

The cloud optimization market is segmented by component into solutions and services, each playing a crucial role in enabling organizations to achieve maximum efficiency from their cloud investments. Solutions encompass a broad array of software platforms and tools designed to automate and streamline cloud resource management, cost control, performance monitoring, and compliance. These solutions leverage advanced analytics and AI-driven algorithms to provide actionable insights, automate optimization tasks, and ensure continuous alignment with business objectives. As organizations increasingly prioritize di

Cloud Business Intelligence Market Outlook

According to our latest research, the global Cloud Business Intelligence (BI) market size reached USD 8.9 billion in 2024, reflecting robust adoption across multiple industries. The market is expected to expand at a CAGR of 21.2% from 2025 to 2033, with the forecasted market size projected to reach USD 58.2 billion by 2033. This impressive growth is primarily driven by enterprises’ mounting demand for scalable, cost-effective, and real-time analytics solutions to support data-driven decision-making in an increasingly digital and competitive business landscape.

The surge in cloud adoption, propelled by digital transformation initiatives, is a central growth factor for the Cloud Business Intelligence market. Organizations across sectors are migrating their data and analytics infrastructure to the cloud to realize benefits such as lower upfront costs, improved scalability, and enhanced operational agility. The proliferation of big data and the growing complexity of business environments necessitate advanced analytics tools that can process vast data sets efficiently, which cloud BI platforms are uniquely positioned to deliver. Additionally, the shift towards remote and hybrid work models, accelerated by global events, has underscored the need for accessible, centralized analytics, further fueling market expansion.

Another significant driver is the continuous evolution of cloud BI technologies, including the integration of artificial intelligence (AI), machine learning (ML), and advanced data visualization capabilities. These innovations enable organizations to extract deeper insights, automate routine analytical tasks, and democratize data access across all levels of the enterprise. As cloud BI vendors invest in enhancing user experience, security, and interoperability with other business applications, adoption rates are expected to climb, especially among small and medium-sized enterprises (SMEs) that previously faced barriers to entry with traditional on-premises BI solutions.

Moreover, the growing emphasis on regulatory compliance and data governance is shaping the Cloud BI market. Enterprises are increasingly seeking BI solutions that offer robust data security, auditability, and compliance features to meet stringent industry standards. Cloud BI providers are responding with advanced encryption, access controls, and regional data residency options, making it easier for organizations to adhere to regulations such as GDPR, HIPAA, and others. This trend is particularly pronounced in highly regulated sectors like healthcare, BFSI, and government, where secure analytics capabilities are paramount.

Regionally, North America continues to dominate the Cloud Business Intelligence market, accounting for the largest revenue share in 2024. The region’s mature IT infrastructure, high cloud adoption rates, and presence of leading BI vendors drive this leadership. However, Asia Pacific is emerging as the fastest-growing market, propelled by rapid digitalization, expanding cloud ecosystems, and increasing investments in analytics by enterprises across China, India, and Southeast Asia. Europe also exhibits strong growth, with organizations prioritizing data-driven strategies and compliance with evolving data protection regulations.

Component Analysis

The Cloud Business Intelligence market is segmented by component into software and services, each playing a pivotal role in the market’s expansion. The software segment encompasses a wide range of BI tools, including dashboards, reporting, data visualization, and advanced analytics solutions. These platforms are increasingly being designed for cloud-native environments, offering seamless integration with various data sources, scalability, and intuitive user interfaces. The demand for self-service BI tools, which empower business users to generate insights without deep technical expertise, is particularly strong, driving significant growth in this segment. Vendors are also focusing on enhancing collaboration features and mobile accessibility, catering to the needs of distributed and remote workforces.

Services, which include consulting, implementation, training, and support, are equally critical to the successful deployment and adoption of cloud BI solutions. As organizations transition from legacy on-premises systems to cloud-based platforms, they often require expert guidance to develop tailored BI strategies, migrate da

In 2023, Google Drive led the cloud storage market in the United States, achieving an aided brand awareness of 58.29 percent among consumers. iCloud followed with 37.97 percent awareness. OneDrive and Dropbox reported 32.9 percent and 29.6 percent, respectively.

In 2025, around ** percent of respondents are already running significant workloads on Amazon Web Services (AWS). Cloud computing as-a-service One of the most prevalent ways for companies to utilize cloud computing is to take advantage of the various “as-a-service” options available from many of the world’s largest tech companies. These services provide organizations with access to computing power, software, and other cloud-related functions without the need for in-house hardware. The software-as-a-service market alone is expected to grow well past the *** billion U.S. dollar mark by 2020, while the infrastructure-as-a-service market is expected to reach around *** billion itself in 2024. Companies such as Amazon, Microsoft, and Google have all been quick to incorporate cloud services into their offerings, providing small and mid-sized companies with the opportunity to utilize cloud computing resources without the need for extensive investments into hardware. Having only introduced the business segment in 2014, Microsoft’s intelligent cloud segment has grown rapidly, rivaling even the company’s long-established personal computing segment in terms of revenue generation.

In 2024, with a market share of ** percent, Amazon Web Services (AWS) is set to be the leading global infrastructure as a service (IaaS) and platform as a service (PaaS) hyperscale vendor. In this specific instance, the four hyperscalers are characterized by their technology, CAPEX budget, resources, heft, and customer momentum that make them unique. While there are other companies in the market, the hyperscalers outperform these companies under consideration of the aforementioned metrics. Hyperscaler cloud provider Hyperscale cloud providers have global scale, innovative technology, and deep expertise in consulting and global business solutions. The companies utilize these abilities to offer a broad range of services to their customers, including platform re-architecture, data migration, and application development. In doing this, they become business partners rather than being mere suppliers of cloud computing resources. Cloud market segments Cloud computing can be compartmentalized into software as a service (SaaS), PaaS, and IaaS. SaaS is a software delivery model in which software is centrally hosted and delivered to customers on a subscription basis. IaaS offers an entire information technology (IT) infrastructure to its customers, which is provisioned and managed over the internet. PaaS, on the other hand, provides a full development and deployment environment in the cloud.

Cloud computing has become an integral part of modern business operations, with public cloud services leading the way. A 2024 survey reveals that ** percent of businesses worldwide prefer using public cloud services, highlighting the widespread adoption of this cost-effective model. The pay-as-you-go approach allows companies to scale resources as needed, making it an attractive option for organizations of all sizes. Market leaders and revenue growth The cloud computing market is dominated by a few key players, with Amazon Web Services (AWS) maintaining a strong lead. In 2023, AWS held a ** percent market share in the global infrastructure as a service (IaaS) and platform as a service (PaaS) sectors. Microsoft Azure, Alibaba Cloud, and Google Cloud Platform follow, with the four hyperscalers expected to generate a combined revenue of ***** billion U.S. dollars. These companies leverage their global scale, innovative technology, and deep expertise to offer a wide range of services beyond basic cloud computing resources. Regional market forecasts The data center market, closely tied to cloud computing, is poised for significant growth across all regions by 2029. The United States is projected to lead with an estimated revenue of ****** billion U.S. dollars, far outpacing other markets such as the United Kingdom, which is forecast to reach ***** billion U.S. dollars. This substantial difference underscores the dominance of the U.S. market in the global cloud computing landscape and highlights the potential for continued expansion in other regions.

According to the latest report, ** percent of enterprise respondents indicated that they were adopting AWS for public cloud usage. AWS, Microsoft Azure, and Google Cloud, also known as hyperscalers, are among the leading cloud computing platform providers worldwide.

Public cloud A public cloud refers to a computing service offered by a provider over the public internet whereby computing resources are made available to the customer. These resources may include storage capabilities, virtual machines, or applications. The customer only pays for resources actually consumed, such as bandwidth or CPU cycles. For organizations, this can lead to cost reduction versus having to buy and maintain on-premises hardware. Cloud computing benefits Cloud adoption is driven by several factors, including increased efficiency, quick deployment, and security. Because cloud providers offer customers to deploy their workloads from many locations globally, latency is reduced, which in turn enhances the customer experience. In addition, cloud-based services are more resilient, as the failure of a virtual machine does not necessarily mean that service availability is negatively impacted. To reap the most benefits, organizations are assessing which cloud models fit their case best and looking to pursue hybrid cloud strategies in the future, which includes the integration of both public and private clouds.

China's cloud infrastructure services market continues to evolve, with Alibaba Cloud maintaining a strong position. In the third quarter of 2024, Alibaba Cloud is projected to hold approximately ** percent market share in this rapidly growing sector. This dominance of established domestic tech giants reflects the broader dynamic of China's high-tech industry. Market growth and key players The Chinese cloud computing market is experiencing significant expansion, with its size expected to reach nearly *** billion yuan in 2024 and surpass ************ yuan by 2025. Alibaba Cloud's leadership is complemented by other tech giants like Tencent, Baidu, and Huawei, who are also major players in this competitive market. Alibaba Cloud commanded almost ** percent of the market share, solidifying its position as the largest cloud computing vendor in China. Who is Alibaba Cloud? Alibaba Cloud, also known as Aliyun, has demonstrated strong financial performance, generating revenues of ***** million U.S. dollars worldwide in 2023. As a subsidiary of Alibaba Group, the company offers a wide range of cloud computing services to businesses, including data storage, content delivery networks, relational databases, and anti-DDoS protection. In addition, Alibaba cloud Cloud operates the chatbot, Qwen, known locally as Tongyi, which is among the leading LLMs in the country.

In 2022,Alibaba cloud was the largest cloud computing vendor in China, accounting for almost ** percent of the market. According to the estimate, the industry was projected to grow by over *** million U.S. dollars in 2028.

In 2020, 32 percent of all enterprises in the UK manufacturing industry with over 10 employees purchased high Cloud Computing services, for example CRM software or computing power. This almost doubled the percentage of enterprises that bought such services compared to the 18 percent that did so in 2018.Enterprises in the UK manufacturing industry also bought a significantly bigger share of financing and accounting software applications in 2020 then they did in 2018, raising the share from 12 percent to 26 percent.