Connect with us

Hi, what are you looking for?

HEADLINES

Alibaba ranked as world’s third largest IaaS provider

With 84 availability zones in 27 regions, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, provides IT services to millions of customers globally.

For the fourth year in a row, Alibaba is ranked as the third largest Infrastructure-as-a-Service (IaaS) provider in the world and the biggest in Asia Pacific in 2021 by revenue. The latest Gartner® report, Market Share: IT Services, 2021, showed Alibaba’s global market share expanded to 9.55%, while in Asia Pacific the company has achieved 25.5%. 

With 84 availability zones in 27 regions, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, provides IT services to millions of customers globally. According to the 2021 report, the business was able to increase its individual worldwide market share across verticals including transportation, banking and investment services, insurance, manufacturing and natural resources, and wholesale trade, with revenue growth between 49-67.5% for these sectors from a year earlier.

“Acting as the backbone for the digital transformation of a wide range of industries, IaaS is a key service for our business and we are glad to be recognized for our continued growth in this area. Over the past year, our customers have sped up their cloud migrations to ensure business continuity against the ongoing impact of the pandemic across the world. We see this transition to cloud-based operations as necessary for business growth,” said Jeff Zhang, President of Alibaba Cloud Intelligence. “Our commitment to supporting our global customers in these challenging times has helped us maintain a strong competitive position in the market. We will continue to deliver innovative products and services to drive the growth of the digital economy.”  

The global IaaS market showed strong growth in 2021. According to the Gartner report, the IaaS market grew to USD90.89 billion, up from USD64.29 billion in 2020. Asia Pacific recorded faster growth than the global average, with market revenues totalling USD33.16 billion.

Advertisement. Scroll to continue reading.

Alibaba Cloud has been increasing its resources in strategic markets across Asia Pacific. In the past year, the company’s data centers in Indonesia and the Philippines commenced operations. It  also announced the availability of its first data center in South Korea in March 2022.

Alibaba Cloud launched Project AsiaForward in 2021, pledging an initial USD1 billion in funding and resources to cultivate a million-strong digital talent pool, empower 100,000 developers and support the growth of 100,000 technology startups in Asia Pacific.

To increase its product capabilities, Alibaba Cloud has launched an array of innovative solutions. For example, the fourth generation of ApsaraCompute Shenlong Architecture, unveiled in October 2021, has leading capabilities in container elasticity, storage, input/output (IO) performance, low latency and chip-level security hardening features. It is also equipped with the industry’s only large-scale Remote Direct Memory Access (RDMA), which reduces network latency to as low as five microseconds.

Last year, Alibaba Cloud, was also evaluated in the 2021 Gartner® Solution Scorecard for Alibaba Cloud International IaaS & PaaS.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Advertisement. Scroll to continue reading.

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

To meet surging AI demands, 43% of new data center facilities are expected to be dedicated to AI workloads. With AI model training and...

HEADLINES

Qwen2.5-Omni-7B delivers uncompromised performance and powerful multimodal capabilities. This unique combination makes it the perfect foundation for developing agile, cost-effective AI agents that deliver...

HEADLINES

As technology becomes increasingly integral to everyday life, digitally savvy kids can enhance their tech skills to further enrich their knowledge and creativity. This...

HEADLINES

Maya’s fraud detection approach, Transaction Sequence Embeddings, analyzes and uncovers subtle patterns between transactions —flagging those that resemble fraudulent behavior or deviate from a...

SOFTWARE

With these enhancements, Copilot is now more accessible than ever across Windows 11, macOS, mobile apps, and Telegram. Plus, with improved local interoperability, Copilot...

HEADLINES

Within just one month, Lenovo has opened four new Exclusive Stores, strengthening its nationwide presence and making its innovative AI-powered devices more accessible to...

White Papers

Coursera data shows that while the country has the highest share of women in GenAI enrollments in the region and ranks among the top...

HEADLINES

According to Ren-Ren Reyes, president and CEO of G-Xchange, Inc., “This MOA with NPC underscores our commitment to upholding the highest standards of data...

Advertisement