Amazon stays atop fast-growing cloud computing market: Survey

Washington: Amazon remained the dominant global cloud computing firm in 2020 as rivals including Microsoft, Alibaba and Google gained ground in the fast-growing market, a research firm said.

A Gartner survey released Monday showed the so-called “infrastructure as a service” market grew 40.7 percent last year to $64.3 billion.

Amazon held nearly 41 percent of the market last year, down from 45 percent in 2019 as its revenues grew 28 percent, according to Gartner.

Microsoft — seen as a surging rival in the sector — saw revenue growth of nearly 60 percent to capture almost 20 percent of the market.