How Cloud Providers Reaped Big in the Midst of a Global Pandemic

The global cloud infrastructure grew by 32 percent increase in the last quarter of 2020. The expansion was attributed to increased demand for cloud services to support e-learning, remote working, online games, content streaming and e-commerce.

Most organizations embraced cloud infrastructure for the gradual recovery and economic resilience. According to a report that was published by Canalys, Amazon Web Services (AWS) led the list of the most sought cloud provider.

AWS accounted for 31 percent of the total amount spent on cloud services. Other cloud providers which benefited a lot during the Covid-19 were Microsoft Azure, Google Cloud and Alibaba Cloud. Azure controlled 20% of the market share while Google Cloud controlled about 7 %.

The study revealed that the global cloud services market surged by $10 billion in the last quarter of 2020. Microsoft Azure is marginally closing ranks on AWS’s lead. AWS, Azure and Google Cloud jointly bagged 58 percent of the market revenue.

Technologies that were on much demand during the coronavirus pandemic included: cloud services and video meetings applications like Zoom and Microsoft Teams. Canalys research expert stated that: “The rate of digitalization, led by cloud is gaining traction as companies are become more confident on releasing budgets for business transformation.”

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