IaaS market recorded meteoric growth in 2020

The global infrastructure-as-a-service (IaaS) market generated $64.3 billion in revenue last year, representing growth of 40.7 percent over 2019.

According to analyst house Gartner, AWS remained the number one player in the IaaS market, taking in $26.2 billion in revenue and holding 41 percent market share. With 28.7 percent growth, the company’s rate of growth was “slightly lower” than that of the market, the analysts added.

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