Global IaaS public cloud service rev passes $100B
Revenue for the global infrastructure-as-a-service (IaaS) has blown past US$100 billion for the first time, reaching US$120.3 billion in 2022.
Revenue for the global infrastructure-as-a-service (IaaS) has blown past US$100 billion for the first time, reaching US$120.3 billion in 2022.
The distributed SQL-compatible database, which supports hybrid transactional analytical processing, can run on low-specification machines.
Operator and vendor revenues in the global public cloud market reached US$126 billion during the first quarter of 2022, a year-on-year increase of 26 per cent.
Amazon has led the charge once again in both the local and global infrastructure-as-a-service public cloud services markets for 2020, but Microsoft is hot on the tech giant’s heels in Australia.
Alibaba Group’s cloud computing revenue grew by 50 per cent year-on-year in the company’s 2021 fiscal year, despite losing a major customer in the March quarter.
The global public cloud services market grew 34.1 per cent to US$312 billion, in 2020, with AWS and Microsoft duking it out for number one spot.
The cloud market continued to see strong growth during Q3, with standout AWS generating more revenue than the next three largest CSPs combined.
Chinese tech giant Alibaba's cloud unit expects to be profitable within 2021, a senior executive said on Wednesday.
Australia is set to be one of the top five Asia Pacific countries for infrastructure-as-a-service (IaaS) revenue growth by 2024, as the market segment in the region is forecast to reach US$39.3 billion.
Alibaba Group beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud computing businesses continued to grow following China's emergence from the coronavirus lockdown.
Equinix has extended access to Alibaba Cloud in Sydney, allowing Australian enterprises to privately connect to the service.
For Chinese cloud services companies, the coronavirus outbreak has become a rainmaker, bringing in new business far and wide.
Alibaba Cloud is to revamp its channel program, investing up to US$283 million into partners over its fiscal year.
Alibaba Group will invest 200 billion yuan (US$28 billion) in its cloud infrastructure over three years -- a plan that follows a boom in demand for business software as the coronavirus outbreak peaked in China.
Through the disruption of COVID-19, the APAC channel can expect to see a shift in conditions over the course of the short term, with some businesses moving for the better, but others needing to prepare for supply chain disruption.