Four companies hold 67% of the world's cloud
According to data collected by the Sinergy Research Group, the four companies own 67% of the global cloud market, worth $ 130 billion.
Which companies manage our data?
The leader in the cloud market is Amazon Web Services, which has a market share of 32%. Microsoft's Azure infrastructure has a 20% stake. In addition to the mentioned, market-dominant companies, 9% is occupied by Google Cloud, and Alibaba Cloud occupies 6% of the global cloud market. Other cloud companies include IBM Cloud, Salesforce, Tencent Cloud, and Oracle Cloud, which together account for 12% of the market.
In the fourth quarter of 2020, cloud services brought in $ 37 billion, a jump of $ 4 billion from the third quarter. However, while the world has been enjoying work from home for two years, Amazon, Microsoft, Google, and Alibaba have complete control over online data. Given that we use a significant number of free cloud services, in return we consent to these companies having access to our personal information.