Top Cloud Service Providers Globally in 2024
June 14, 2024
IT solutions have undergone a revolution thanks to cloud computing, which has replaced conventional hard drive storage with easily available services provided online. Cloud computing provides a range of solutions, including processing, networking, storage, and software. Cloud computing is probably engaged in online banking and social media updates. To meet difficulties and maintain competitiveness, many companies make significant investments in cloud migration.
Understanding the top cloud service providers is crucial in 2024. Leading Cloud Service Providers are Google Cloud Platform (GCP), Microsoft Azure, and Amazon Web Services (AWS). They provide an extensive array of services that foster innovation and corporate expansion. Any company looking to remain ahead in the digital world of today would be wise to use cloud technology. Businesses run the danger of slipping behind if they don’t adapt to this new technology.
What Is A Cloud Service Provider?
Cloud computing includes online storage, processing, and networking via the Internet. A cloud service provider leases out the infrastructure, technology, and knowledge to other businesses and individuals.
Many data centers throughout the world, which contain the physical equipment needed for cloud computing, are owned and run by cloud service providers.
Through connections to these data centers and pay-as-you-go (usage-based pricing) purchases of the necessary capacity, anybody, wherever, at any time, can use this cloud infrastructure.
Read ahead to know more about the top cloud service providers in 2024 globally!
Top Cloud Service Providers in 2024
Amazon Web Services (AWS)
Amazon Web Services (AWS) is the cloud computing arm of Amazon.com, and is the biggest provider of cloud services globally in 2024. The company offers over 200 fully featured services, including database, storage, and processing, via its data centers.
At the moment, AWS operates 105 availability zones across 33 regions. The US, AWS GovCloud (US), the Americas, Europe, Asia Pacific, the Middle East, and Africa are all home to these regions and availability zones.
Microsoft Azure
Azure, the world’s second-largest cloud service provider, is a part of Microsoft Corporation’s Intelligent Cloud division. The company offers developer productivity, security & compliance, artificial intelligence (AI) capabilities, and a consistent hybrid cloud experience through Microsoft Azure.
There are more than 300 physical Microsoft Azure data centers situated all around the world that are home to computer servers that are equipped with separate power, and networking systems. The corporation uses more than 175,000 kilometers of fiber cables spread over 140 countries to link its data center infrastructure.
Google Cloud Platform (GCP)
Offering enterprise-ready cloud services, Google Cloud Platform (GCP), a division of Alphabet Inc., is the third-largest cloud service provider worldwide. With the help of GCP’s scalable and distributed infrastructure, developers can create, test, and launch apps while making use of the service’s artificial intelligence (AI), analytics, security, and data management features.
There are now 40 regions and 121 availability zones in use for Google Cloud. These areas of availability and regions are spread over the Americas, Europe, Asia Pacific, Middle East, and Africa in addition to the United States.
Alibaba Cloud
The cloud computing division of Alibaba Group, one of the biggest e-commerce and technology companies in the world with headquarters in China, is called Alibaba Cloud, formerly known as Aliyun. It provides a full range of cloud computing services to help organizations all over the world.
Alibaba Group mostly receives payment for cloud computing services from business clients based on how long they use the services. Alibaba Cloud is part of the company’s Cloud Intelligence Group, which generated $3.95 billion (RMB28,066 million) in sales in the most recent quarter, a 3% rise from the previous year. Therefore, Alibaba Cloud’s revenue on an annualized basis is presently $15.8 billion.
Oracle Cloud
Oracle Cloud is a cloud service based on ERP (Enterprise Resource Planning) that assists you in building, deploying, and managing workloads on-premises or in the cloud. Oracle boasts an impressive global clientele of over 430, 000. In 2019, Oracle brought in around $6.81 billion in total revenue.
Storage, networking, governance, database, load balancing, DNS Monitoring, and FastConnect are the services offered by Oracle IaaS. Data management, application development, integration, business analytics, security, management, and content and enterprise are among the services provided by Oracle PaaS. PaaS facilitates the development, networking, security, and cross-application sharing of data by developers.
CX, HCM, ERP, SCM, EPM, IoT, analytics, and blockchain applications are among the Oracle SaaS products.
IBM Cloud (Kyndryl)
This cloud service, created by IBM, provides users with an additional range of options for deploying their apps in the cloud. It provides public, private, hybrid, and multi-cloud IaaS, SaaS, and PaaS services. About 170 goods and services are available from IBM Cloud to satisfy the business needs of its clients.
Blockchain, cognitive computing, and the Internet of Things are IBM’s strongest investments. Red Hat, a recent addition to IBM, allows for the effective implementation of hybrid solutions. Retailers, makers of medical supplies, and manufacturers of household appliances are benefiting from the cloud service.
Tencent Cloud
Tencent Cloud now operates in 21 regions across 65 availability zones. Tencent Cloud operates in Mainland China, the US, Canada, Brazil, Germany, India, Indonesia, Japan, Singapore, South Korea, and Thailand, excluding its partner territories.
Which Cloud Service Provider Is Leading the Market?
The three cloud service providers with the biggest market shares are Google Cloud Platform (GCP), Microsoft Azure, and Amazon Web Services (AWS), together accounting for more than 65% of cloud infrastructure service spending.
AWS has kept its market share in the low to mid-30% area over the last five years, Microsoft Azure has aggressively increased its market share, rising from around 10% previously, and Google Cloud has been gradually growing its market share from its previous base of 5%.
“Aascent InfoSolutions is at the forefront of cloud innovation, providing innovative solutions that are suited to your business requirements. Whether you want to relocate, optimize, or scale your cloud infrastructure, our skilled team can help you reach unrivaled performance and efficiency.
Contact us today to set up a consultation and learn how Aascent InfoSolutions can help you achieve new heights.”
Wrapping It Up
The selection of a supplier, ranging from industry giants to specialized experts, depends heavily on an in-depth comprehension of the demands of the business, financial constraints, and security specifications.
Businesses now have the freedom to select services that best fit their unique requirements and avoid vendor lock-in thanks to the growth of hybrid and multi-cloud solutions.
FAQs
What are the essential elements to consider when choosing a cloud service provider?
When picking a cloud service provider, take into account performance, security, scalability, support, and cost.
How does cloud computing improve corporate efficiency?
Cloud computing provides flexibility, cost savings, scalability, automated upgrades, and reliable disaster recovery.
What type of cloud services does Aascent InfoSolutions provide?
Aascent InfoSolutions specializes in cloud migration, optimization, managed services, data backup and recovery, and cloud security.
