Global Tech Biweekly Vol.7 | Follow the CAPEX to trace the growth and how they build competitiveness

In this issue, we will discuss the relationship between revenue growth and the corresponding Capex of major cloud (IaaS) vendors and how they build their product competitiveness. AMTD views: To some extent, the number of products a company can offer represents the breadth of the company’s business capabilities. Dividing the functionality of cloud services (IaaS) into five areas (as shown in Figure 1), in terms of No. of products, among the 6 major cloud (IaaS) vendors, we found that Amazon’s AWS has a comprehensive capability and leads in cloud platform services; Microsoft’s Azure has an edge in analytics and AI. Google’s GCP has an advantage in development and operations; that’s why it is popular among the developers working on enterprise applications. Alibaba Cloud, the leader in China market, have caught up with global leaders in cloud infrastructure, but is still behind in other areas.