Alibaba Group Maintains Third Position In Global IaaS Market

Alibaba-Group-maintains-third-position-in-the-global-IaaS-market

Alibaba Group, recently hit by a record $2.8 billion anti-monopoly fine in China, has once again ranked third in the global Infrastructure as a Service (IaaS) market and first in the Asia Pacific region for the third consecutive year.

This was according to global research and advisory firm Gartner’s latest report titled ‘Market Share: IT Services, Worldwide 2020’.

Alibaba Group’s market share in the global IaaS market grew to 9.5 per cent in 2020, up from 8.8 per cent the year earlier, third behind Amazon (40.8 per cent) and Microsoft (19.7 per cent) It ranks ahead of Google, which has a market share of 6.1 per cent.

The report also showed Alibaba Group’s position in various vertical sectors in the global IaaS market including education (first), banking and securities (third), utilities (third) and retail (third). In the global education industry, it’s share climbed to 24.3 per cent in 2020 from 18.8 per cent in 2019.

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“It is encouraging to see Alibaba Group ranked third in the global IaaS market again. We will continue to work closely with our global partners to upgrade our solutions and technologies to become the trusted partner of choice for more customers around the world,” said Jeff Zhang, president of Alibaba Cloud Intelligence.

“We believe the report is also a recognition of our increased efforts in the education sector to help schools continue their lessons during the coronavirus outbreak via leveraging our digital-learning solutions.”

Alibaba Cloud currently has 69 availability zones in 23 regions, serving millions of customers across the globe. In the 2020 fiscal year, it supported 38 per cent of the Fortune 500 companies. It has more than 80 security and compliance accreditations worldwide.

Alibaba Cloud is the technology and public cloud platform behind Alibaba’s rich and diverse ecosystem, which ranges from e-commerce and payment, to logistics and supply chain management solutions. It supported $74.1 billion in transactions over an 11-day period during their 11.11 Global Shopping Festival last year with zero downtime.