Industry Dynamics and Key Players

Major Cloud Service Providers

The cloud computing services market is a very profitable. The great oppourunity that that arrises from this market, has lead to the emergence of large companies providing cloud computing services. The major companies competing in the cloud computing market includes; Amazon Web Services, Microsoft Azure, Google Cloud, VMWare, Rackspace Cloud, and Oracle.

The top three key players in the cloud computing market are Amazon AWS, Microsoft Azure, and Google Cloud.

Amazon AWS

Amazon launched AWS Inc. in 2006. With this move, Amazon became on of the major early movers in this market. AWS operates in 25 geographical regions and has 78 availability zones.AWS reported a revenue of $25.6 billion with a profit of $7.2 billion. AWS offers hundreds of different services. Some of these include Virtual Private Cloud (VPC), EC2, AWS Data Transfer, Simple Storage Service, DynamoDB, Elastic Compute Cloud, AWS Key Management Service, Amazon Clud Watch, Simple Queue Service, and CloudTrail.

AWS has a major focus on security. Cloud security is a high priority for AWS. AWS markets itself on having the infrastructure and network architecture to ensure security. AWS security offers services such as infrastructure security, DDos mitigation, data encryption, inventory and configuration, monitoring and logging, and identity access control.

Microsoft Azure

Microsoft launched Azure in 2010. Azure opperates in 54 geographical regions. It is available in 140 countries. Microsoft Azure opperates on a revenue figure of around $35 billion. Azure is one of the fastest growing clouds in the market today.

Azure was launched after AWS and is already almost the most popular cloud service around. Microsoft Azure has won government contracts. This is a major factor in thier success. This highlights the security and relability of thier network. Azure offers hundreds of cloud services within various categories including AI+ Machinelearning, Analytics, Blockchain, Compute, containers, Databases, Developer Tools, DevOps, IoT, and Network Storage.

Google Cloud

Google Cloud was launched in 2008. Google cloud operates in 21 geographical regions. It is availble in 61 availability zones. It operates wiht around $8 billion in revenue.

Google Cloud also offers similar services in various categories, including compute, storage, identity, security, database, AI and machine learning, virtualization, and DevOps. Google cloud is a imprtant player in the cloud market and is growing fast.