Amazon Web Services (AWS) retained its stranglehold on the nearly $45 billion Infrastructure-as-a-Service (IaaS) market in the latest report from research firm Gartner.
IaaS is described by the firm as “a standardized, highly automated offering in computing resources owned and complemented by storage or networking capabilities are offered to customers on-demand.”
Gartner highlighted the importance of the cloud in an IaaS market that grew 37.3 per cent to $44.5 billion in 2019.
“Cloud underpins digital business push, which remains at top of CIOs’ agendas,” stated Sid Nag, Gartner research vice-president. It enables technologies like the edge, machine learning, and 5G. Each of these technologies requires a high-capacity, scalable, elastic infrastructure platform such as public cloud IaaS. This is why the market saw strong growth.
AWS continues to lead this large market, even with slightly less growth in 2019, with a 45 percent market share.
This scenario is familiar. However, the cast of characters following AWS is basically the same as the 2017 report (for 2015-16). The only difference is that Tencent has replaced Rackspace at No. 5:
[Click on the image to see a larger view.] IaaS market share in public cloud services, 2018-2019 with revenues in millions of U.S. Dollars. Nag stated that the coronavirus pandemic will continue to push cloud spending. “When enterprises were forced to move their applications to public cloud because of the pandemic they realized the true value of public cloud and it’s unlikely they will change their course. CIOs are realizing that they don’t have to return workloads on premises during the recovery and rebound phases. This will increase cloud spending and drive new applications that use cloud-hosted collaboration.
