- Alibaba Cloud was established in 2009 and is the backbone of the group
- As per the IDC, it is the largest public cloud services provider in China
Alibaba Cloud, the data intelligence backbone of Alibaba Group, announced that it has the third biggest market share in the global Infrastructure as a Service (IaaS) market and the biggest in the Asia Pacific region for the third year in a row in 2019, said the leading global research and advisory firm Gartner in its latest report.
Alibaba’s market share in the global IaaS market climbed to 9.1% in 2019, up from 7.7% the year earlier, said the firm. The Gartner report, Market Share: IT Services, 2019, also showed that in the Asia Pacific region, Alibaba’s market share increased to 28.2% last year, from 26.1% in 2018.
Jeff Zhang, president of Alibaba Cloud Intelligence said,
“We believe our strong growth and leading market position is a testament to the hard work of our teams and the support of our many customers and partners around the world, to whom we are truly grateful. We look forward to continuing our work, which enables our global customers and partners to expedite their digital transformation journeys through our scalable, robust and secure infrastructure, advanced analytics capabilities and thriving ecosystem.”
Alibaba Cloud currently has 63 availability zones in 21 regions, serving millions of customers across the globe. It has more than 70 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 $38.4 billion in transactions on a single day during Alibaba’s 11.11 Global Shopping Festival last year.
In addition to Gartner’s findings, an earlier report from market research and advisory firm International Data Corporation (IDC), showed that Alibaba Cloud recorded the fastest year-on-year revenue growth versus other global cloud service providers in the first half of last year.