alibaba

According to Gartner, the global public cloud services market is expected to reach US$$266 billion in 2020, a 17% increase year-over-year, led by segments Software as a Service (“SaaS”) and Infrastructure as a Service (“IaaS”), which are expected to grow to US$$116 billion and US$$50 billion, respectively. [more]

Alibaba, Amazon, Google, IBM, Microsoft and Oracle are all fighting for a pie of an industry growing at over 20% per year & estimated to be almost $75B by 2022. [more]