World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Microsoft Cloud Revenue Hit $59.5 Billion In 2020, Higher Than Amazon And Google Combined

The pandemic assisted to drive cloud infrastructure in 2020 thanks to online games and remote work.

According to the research data analyzed and published by Comprar Acciones, Microsoft was the top cloud vendor in 2020. Its revenue for the year totaled $59.5 billion, 31% higher than Amazon Web Services (AWS) which ranked second.

Based on Canalys data, worldwide spending on cloud infrastructure in 2020 amounted to $142 billion. Compared to 2019’s $107 billion, that was a 33% year-over-year (YoY) increase.

Top Five Cloud Service Providers Accounted for 58% Market Share in Q4 2020

In Q1 2020, Microsoft generated $13.3 billion, increasing to $14.3 billion in Q2 2020, $15.2 billion in Q3 2020 and $16.7 billion in Q4 2020.

Comparatively, AWS cloud revenue was $10.22 billion in Q1 2020, rising to $10.81 billion in Q2 2020, $11.6 billion in Q3 2020 and $12.74 billion in Q4 2020. For the full year, Amazon made $45.4 billion and captured the second spot.

Google Cloud moved to the third spot, overtaking Salesforce, thanks to its $13 billion in annual revenue. Cumulatively, AWS and Google Cloud raked in $58.4 billion during the year, lower than Microsoft’s tally.

Q4 2020 was particularly impressive for the market as a whole, with global spending soaring by 32% YoY to $39.9 billion. Compared to Q3 2020, there was a 10% quarter-over-quarter (QoQ) increase. It was the largest quarterly growth on record in dollar terms.

During the quarter, Microsoft Azure, AWS and Google Cloud accounted for a 58% share of the market’s revenue. According to Synergy Group, the top five service providers accounted for an 80% share of the market in 2020. Excluding Microsoft and AWS however, the market still grew at a 30% rate, highlighting opportunities even for smaller players.

The full story, statistics and information can be found here: https://compraracciones.com/2021/02/22/microsoft-cloud-revenue-hit-59-5-billion-in-2020-higher-than-amazon-and-google-combined/

© Scoop Media

 
 
 
World Headlines

 


Myanmar: Military Must Stop Murdering And Jailing Protestors – Bachelet

UN High Commissioner for Human Rights Michelle Bachelet on Thursday said security forces in Myanmar must “halt their vicious crackdown on peaceful protestors,” following another day of deadly violence across the country on Wednesday... More>>

Syria: Economic Decline, Rising Hunger And Surging Humanitarian Needs

Syria’s fragile economy has “suffered multiple shocks” over the past 18 months, with its currency plummeting and joblessness swelling as people struggle to cover their basic needs, the UN Emergency Relief Coordinator told the Security Council ... More>>

OECD: Final Quarter Of 2020 Shows Continued Recovery In G20 International Merchandise Trade

G20 international merchandise trade continued to rebound in the fourth quarter of 2020 ( exports up 7.2% and imports up 6.8%), following the sharp falls seen in the first half of 2020, as lockdown measures affected trade globally. Although growth ... More>>


Focus On: UN SDGs


UNFCCC: Greater Climate Ambition Urged As Initial NDC Synthesis Report Is Published

UN Climate Change today published the Initial NDC Synthesis Report, showing nations must redouble efforts and submit stronger, more ambitious national climate action plans in 2021 if they’re to achieve the Paris Agreement goal of limiting global temperature rise by 2°C—ideally 1.5°C—by the end of the century... More>>


2021: Critical Year To ‘reset Our Relationship With Nature’ – UN Chief

During this time of “crisis and fragility”, the UN chief told the United Nations Environment Assembly on Monday that human well-being and prosperity can be vastly improved by prioritizing nature-based solutions. Painting a picture of the turmoil ... More>>


Paris Agreement: UN Secretary-General António Guterres To Mark U.S. Reentry With Envoy For Climate John Kerry

Watch live at webtv.un.org UN Secretary-General António Guterres will join U.S. Special Presidential Envoy for Climate John F. Kerry at an event marking the United States’ reentry into the Paris Agreement this Friday. The discussion with the Secretary-General ... More>>