For the fourth year in a row, Alibaba is ranked as the third-largest Infrastructure-as-a-Service (IaaS) provider in the world and the biggest in the Asia Pacific (APAC) in 2021 by revenue. The latest Gartner report, Market Share: IT Services, 2021, showed Alibaba’s global market share expanded to 9.55%, while the company has achieved 25.5% in APAC.
With 84 availability zones in 27 regions, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, provides IT services to millions of customers globally. According to the 2021 report, the business was able to increase its individual worldwide market share across verticals including transportation, banking, and investment services, insurance, manufacturing and natural resources, and wholesale trade, with revenue growth between 49% and 67.5% for these sectors from a year earlier.
“Acting as the backbone for the digital transformation of a wide range of industries, IaaS is a key service for our business and we are glad to be recognized for our continued growth in this area,” said Jeff Zhang, President of Alibaba Cloud Intelligence. “Over the past year, our customers have sped up their cloud migrations to ensure business continuity against the ongoing impact of the pandemic across the world. We see this transition to cloud-based operations as necessary for business growth.”
The global IaaS market showed strong growth in 2021. According to the Gartner report, the IaaS market grew to $90.89 billion, up from $64.29 billion in 2020. The APAC region recorded faster growth than the global average, with market revenues totaling $33.16 billion.
Alibaba Cloud has been increasing its resources in strategic markets across APAC. In the past year, the company’s data centers in Indonesia and the Philippines commenced operations. It also announced the availability of its first data center in South Korea in March 2022.
Categories: Business Features