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Amazon Remains Dominant Player In Cloud, But It's Losing Grip To Rivals

Benzinga2021-06-29

Amazon.com Inc maintained its dominant position last year in the cloud infrastructure market that is worth billions, even as its share shrunk in the category that is growing fast, according to research firm Gartner.

What happened:In 2020, Amazon held a market share of about 41% in the infrastructure as a service (IaaS) category, slipping from 44.6% in 2019.

In comparison, all top-four rivals in the cloud infrastructure space, namely Microsoft Corp,Alibaba Group Holding, Google-parentAlphabet Inc and Huawei grew their market share in the year.

Why It Matters:It's worth noting Amazon’s revenue of $26.2 billion from cloud infrastructure is still more than double that of the No. 2 player Microsoft’s $12.65 billion.

Alibaba, at the third spot, generated $6.12 billion in cloud infrastructure revenue, while Google and Huawei churned $3.93 billion and $2.67 billion, respectively.

As per the report, the IaaS category itself grew 40.7% in 2020 to $64.3 billion as reliance on adopting cloud infrastructure boomed during the pandemic.

Tech giants are seeing increasing competition in the cloud computing space and it is quickly turning out to be a key profit driver as corporates and businesses rush to support employees working from home during the pandemic.

Price Action:Amazon shares closed 1.25% higher at $3,443.89 on Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment10

  • Gobbler
    ·2021-06-29
    It can’t be forever number 1 but most importantly dividends yield 
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  • Nicholas08
    ·2021-06-29
    Wow.
    Reply
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  • skyel
    ·2021-06-29
    It can't be forever Number 1.
    Reply
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  • Popcornn
    ·2021-06-29
    Wow ow
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  • JaneJ
    ·2021-06-29
    So competative market
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  • Sleepybear
    ·2021-06-29
    Please like and comment 
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  • AAKM
    ·2021-06-29
    Good
    Reply
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    • Popcornn
      Hi
      2021-06-29
      Reply
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    • billgoat
      hi
      2021-06-29
      Reply
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  • egbloper
    ·2021-06-29
    I think Microsoft is catching up fast with their azure so I'm backing Microsoft here 
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    • Platypat
      They’re doing great
      2021-06-29
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  • ELONLEE
    ·2021-06-29
    Goodgood
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  • TradingNerd
    ·2021-06-29
    Go go Amazon!
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    • mmcjb92
      Nice
      2021-06-29
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    • traderbob
      let's go
      2021-06-29
      Reply
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