Huawei has achieved more than 200 percent growth in the infrastructure-as-a-service (IaaS) public cloud market for the second consecutive year and entered the top five for the first time in 2020 with $2.7 billion in revenue, according to research firm Gartner.
The results show that more than 90 percent of Huawei's revenue from this business comes from Greater China, where the cloud market continues to grow rapidly.
Huawei began shifting from selling equipment to investing heavily in its cloud services business after 2019, and that difficult transition is already bearing fruit, said Sid Nag, research vice president at Gartner.
The global IaaS market reaches $64.3 billion in 2020, up 40.7 percent from $45.7 billion in 2019, according to Gartner.
The top five IaaS providers account for 80 percent of the market share in 2020, with nearly 90 percent of IaaS providers experiencing growth.
Amazon remains number one in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei, respectively.
Amazon continues to lead the global IaaS market with revenues of $26.2 billion in 2020 and a 41 percent market share. Amazon's growth rate of 28.7 percent is slightly below the market average, with its sales growth primarily coming from increased customer usage.
Microsoft continues to rank second in Gartner's IaaS market share with nearly 60 percent growth and $12.7 billion in revenue in 2020.
Alibaba, the dominant IaaS provider in China, has revenues of more than $6 billion in 2020, up 52.8 percent from $4 billion in 2019. Alibaba has the highest growth rate in the education vertical at 105 percent in 2020.
Google's IaaS revenue grows 66 percent to nearly $4 billion in 2020.
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