Alibaba Group Ranked as the World’s Third Largest IaaS Provider by Revenue for the Fifth Consecutive Year
Alibaba Cloud October 23, 2023
Global cloud service provider continues to hold the largest market share by revenue in Asia-Pacific
Hangzhou, China, October 23, 2023 – Alibaba Group has reinforced its leading position in the global cloud computing industry, as revealed in the latest Gartner® report Market Share: IT Services, Worldwide, 2022.
For the fifth consecutive year, Alibaba Group has secured its place as the world's third largest IaaS provider by revenue, maintaining a market share of 7.7% in 2022. Alibaba’s innovative and customer-centric IT solutions have been instrumental in maintaining this position in a highly competitive market.
In addition, Alibaba Group continues to lead the Asia-Pacific (APAC) region with a substantial market share of 21.3%. Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, believes this is testament to Alibaba Cloud's ability to address the diverse technological needs of businesses in the rapidly growing region.
"We are incredibly proud of Alibaba Group's continued position as a leading global IaaS provider. We believe this reflects our long-standing commitment to delivering cutting-edge cloud services and solutions that empower businesses worldwide. Moving forward, Alibaba Cloud remains committed to driving the growth of the digital economy and supporting our customers' journey towards a cloud-native future," said Selina Yuan, President of International Business at Alibaba Cloud Intelligence.
Alibaba Cloud's success can be attributed to its steadfast commitment to delivering world-class cloud infrastructure services and a comprehensive suite of cloud-based solutions. With an extensive network of 89 availability zones spread across 30 regions, Alibaba Cloud has established a robust global presence, catering to the distinct needs of diverse industries worldwide.
Alibaba Cloud’s strategic focus on APAC has played a pivotal role in sustaining its leadership position in the region. Alibaba Cloud has expanded its resources with data center operations in Japan, South Korea, Thailand in 2022, reinforcing its support for regional businesses.
The report also highlighted the overall growth of the infrastructure-as-a-Service(IaaS) market, which expanded by an impressive 29.7% in 2022, reaching a total value of USD120.3 billion, up from USD92.8 billion in 2021.
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About Alibaba Cloud
Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. Alibaba maintained its position as the third leading public cloud IaaS service provider globally since 2018, according to IDC. Alibaba is the world’s third leading and Asia Pacific’s leading IaaS provider by revenue in U.S. dollars since 2018, according to Gartner.