Alibaba Group 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, according to the latest report “Market Share: IT Services, Worldwide 2020,” from global research and advisory firm, Gartner.

Alibaba Group’s market share in the global IaaS market climbed to 9.5% in 2020, up from 8.8% the year earlier, according to the report. The report also showed Alibaba Group’s rankings in various vertical sectors in the global IaaS market including education (1st), banking and securities (3rd), utilities (3rd) and retail (3rd). Alibaba Group saw its IaaS market share in the global education industry climb to 24.3% in 2020 from 18.8% in 2019, holding the No. 1 share in the education vertical sector in 2020.

“It is encouraging to see Alibaba Group ranked third in the global IaaS market again,” said Jeff Zhang, president of Alibaba Cloud Intelligence. “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.”

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The annual report affirms Alibaba Cloud’s commitment to its global strategy to grow its worldwide presence by enhancing its global infrastructure and network. Last year, the digital technology and intelligence backbone of Alibaba Group announced that it will invest an additional RMB200 billion (around $28 billion) in the next three years on its cloud infrastructure, focusing on technologies including operating systems, servers, chips, and its network.

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% of the Fortune 500 companies. It has more than 80 security and compliance accreditations worldwide.

Alibaba Cloud is the technology and public cloud platform underpinning 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 Alibaba’s 11.11 Global Shopping Festival last year with zero downtime.