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The Cloud Infrastructure Market Crushed It Again in 2019


While much of the tech industry experienced a bit of a downturn in 2019 due to the U.S.-China trade war and overcapacity, that was mainly confined to hardware-related companies in the tech supply chain. Meanwhile, technology services, especially in cloud computing, continued their torrid growth last year, according to the latest annual report from research firm Canalys.

The new Canalys report is interesting because it aims to separate out cloud infrastructure-as-a-service (IaaS), which encompasses basic storage and compute functions, from more specialized software-as-a-service and platform-as-a-service offerings. Therefore, the Canalys report is likely a better apples-to-apples comparison of the cloud giants' relative performances than the companies' own financial releases, which often lump in infrastructure revenue with these other categories (and more).

So, which cloud infrastructure players fared the best in 2019? And what's in store for 2020 and beyond?

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Source Fool.com

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