5 Biggest Cloud Providers by Market Share in 2024

4. Alibaba Group Holding Ltd

Market Share Q4 2023: 4%

Alibaba Cloud is a cloud computing arm of Alibaba Group that caters to online businesses and Alibaba’s e-commerce ecosystem. Based in Singapore for international operations, it offers pay-as-you-go cloud services like elastic compute, storage, databases, big-data processing, DDoS protection, and CDN. Dominating China’s cloud market and ranking atop Asia Pacific by Gartner, it boasts 24 regions and 74 availability zones globally. Recognized in Gartner’s Magic Quadrant for cloud infrastructure as a service, Alibaba Cloud has secured a spot in the Visionaries’ quadrant since June 2017 which confirms its standing in the competitive cloud computing landscape.