- February 21, 2020
major IaaS vendors have posted their latest results. AWS is still leading the competition with an annual revenue run rate of US$39.8bn (growth rate of 34%, YoY), followed by Azure, GCP (incl. G Suite), and Alibaba Cloud at run rate of US$19.8bn (+62%, YoY), US$10.0bn (+54%, YoY), US$6.2bn (+60%, YoY) in Q4 CY2019, respectively. From the growth curves above, we found that AWS has managed its growth pace between 30-40% since its run rate reached above US$15bn. Today, Azure’s run rate has entered this range but it seems to have a high growth rate. There’s always a trade-off between growth and scale, however, deeper and wider-range portfolio could make the growth curve much steeper here, in our view.
