Top 10 Cloud Platform Service Providers in 2024

Cloud Computing has revolutionized IT solutions, replacing traditional hard drive storage with accessible services delivered over the Internet. From storage to processing, networking, and software, cloud computing offers a range of solutions. Whether updating social media or banking online, chances are, cloud computing is involved. Many businesses invest heavily in cloud migration to address challenges and stay competitive.

In this era, recognizing the Top 10 Cloud Platform Service Providers in 2024 is crucial. These providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), offer comprehensive services. Embracing cloud technology enables businesses to innovate and grow, while hesitancy risks falling behind in the digital landscape.

By 2020, a corporate “no-cloud” policy will be as rare as a “no-Internet” policy -Gartner

There are so many companies offering cloud services but the best one depends on your business needs or application. However, there are some factors you should consider such as your level of expertise, location, cost, reliability, flexibility, security, and of course things which you want to accomplish. A few key trends such as multi-cloud, data acquisition, support for artificial intelligence, analytics, IoT, edge computing are emerging for cloud computing in 2020 that have shifted from 2019, 2018, and 2017. Among various cloud service providers, very few offer a range of products to host from a simple static website to complex machine learning applications. Based on these factors and key trends. let’s discuss some of the top cloud computing vendors in 2024.

List of Top 10 Cloud Platform Service Providers in 2024

Certainly! Here are the Top Cloud Service Providers for the year 2024:

1. Amazon Web Services (AWS)

Launched in 2006, AWS is the best cloud service provider leading in the market. It becomes a major player in AI, database, machine learning, 5G cloud, multi-cloud and serverless deployments. AWS operates in 20 geographical regions across the world. The company reported a revenue of 9 billion dollars in Q3 2019.

• AWS offers 175 fully-featured services to meet any kind of business requirements. These services are database storage, computing power, networking and many more
• You can virtually host any applications, including networks like firewall, DNS, Load balancing, or even you can have your virtual private cloud.
• AWS applications are scalable, flexible, reliable, secure and trustworthy.
• Easy sign-up and fast deployment. The best thing is there is no upfront cost and you pay for what you use. It also offers a FREE tier for some of their popular services.

Read more about AWS from the link Top 10 Reasons to Learn AWS – Services And Benefits

Top Companies using Amazon Web Services (AWS)

• Netflix
• Spotify
• Airbnb
• Uber
• Peloton
• Expedia
• Pinterest
• Samsung
• Sony
• Novartis

2. Microsoft Azure

Microsoft Azure was launched in 2010 as Windows Azure, and later in 2014, it was renamed, Microsoft Azure. It was launched years after the release of AWS and Google cloud but still, it is the fastest-growing cloud and giving tough competition to AWS and other cloud service providers. There is a five-year partnership between Microsoft and Disney. In this partnership, the new method will be developed to move production content to the cloud. Azure has 54 data centers regions across the world available in 140 countries.

• Azure offers hundreds of services including AI + Machine Learning, Analytics, Blockchain, Compute, Containers, Databases, Developer Tools, DevOps, Identity, Integration, Internet of Things, Management, Media, Microsoft Azure Stack, Migration, Mixed Reality, Mobile, Networking, Security, Storage, Web, and Windows Virtual Desktop.
• Microsoft Azure is available with public or private cloud service or hybrid cloud service consists of both private and public.
• Scalability, consistency, security, flexibility, and cost-effectiveness.
• Azure supports various operating systems, databases, tools, programming languages and frameworks.
• It’s easier for users to move their application or framework without any hassle and recoding them again.
• 24/7 cooperative team paying attention to their customers. A free trial version of Microsoft Azure is available for 30 days.

Top Companies using Microsoft Azure

• Walmart
• Macy’s
• The Home Depot
• Starbucks
• Coca-Cola
• Bank of America
• JPMorgan Chase
• Citigroup
• Fidelity Investments
• Standard Chartered

3. Google Cloud Platform (GCP)

Google cloud platform(GCP) is another set of solutions for users to get the benefit of cloud services. If you are serious about latency to build performance-oriented applications then Google cloud is the best choice because it includes GCP & G Suite. According to Gardner, the public cloud services market is forecast to grow 17% in 2020 to $266.4 billion, up from $227.8 billion in 2019. Google cloud has a firm grip over the banking and finance sector. eBay, Snapdeal, and HSBC are some major clients of Google. In July 2019 VMWare also announced a partnership with Google cloud which is the biggest collaboration of last year. As of Q1 2020, Google Cloud Platform is available in 22 regions, 61 zones and 200+ countries.

• It offers a variety of products and services including AI and Machine Learning, API Management, Compute, Containers, Data Analytics, Databases, Developer Tools, Healthcare and Life Scienctes, Hybrid and Multi-cloud, Internet of Things, Management Tools, Media and Gaming, Migration, Networking, Security and Identity, Serverless Computing, and Storage. Google products are also offered in the cloud, including G Suite, Google Maps Platform, Google Hardware, Google Identity, Chrome Enterprise, Android Enterprise, Apigee, Firebase, and Orbitera.
• Security, stability, flexibility, scalability and trustworthy.
• GCP offers the cheapest cloud services in the market. It offers $300 in credit to be used in 60 days as a free trial.
• Flexible payment plans based on Pay-As-You-Go (PAYG). Also, the cost only applies if the codes given by a user run accurately if not, it doesn’t cost any amount.
• Easy migration of data without touching or rewriting any codes.
• Machine learning and the use of API are very easy.

Top Companies using Google Cloud Platform (GCP)

• Verizon
• Twitch
• CenturyLink
• LinkedIn
• NewsCorp
• SAP
• Facebook
• Intel
• Yahoo
• Marriott

4. Alibaba Cloud

Alibaba Cloud, also known as Aliyun, is the cloud computing arm of Alibaba Group, one of the world’s largest e-commerce and technology conglomerates based in China. It offers a comprehensive suite of cloud computing services to support businesses worldwide, including:

Market Presence:

• Currently holding the third largest global market share in cloud computing, following Amazon Web Services (AWS) and Microsoft Azure.
• Dominates the Asian market, particularly in China.

Service Portfolio:

• Offers a diverse and comprehensive suite of cloud solutions, including:
  • Compute: Elastic Compute Service (ECS) for virtual machines, Serverless Computing, Container Services.
  • Storage: Object Storage Service (OSS), File Storage Service (NAS), Block Storage Service (ESSD).
  • Networking: Virtual Private Cloud (VPC), Elastic Network Interface (ENI), Global Accelerator.
  • Databases: Alibaba Cloud Database Service (RDS), NoSQL databases, Graph Database.
  • AI & ML: AI Platform, pre-trained models, Big Data Analytics.
  • Security & Identity: Security Center, Anti-DDoS, Key Management Service.
  • Developer Tools: API Gateway, Serverless Application Model (SAM), CodePipeline.
  • Industry-Specific Solutions: Tailored solutions for retail, manufacturing, finance, and more.
• While offering various AI & ML tools, its strength lies in e-commerce and financial services solutions, leveraging expertise from its parent company, Alibaba Group.
• Actively develops industry-specific cloud solutions for various sectors.
• Known for aggressive pricing, often competing with lower costs compared to rivals.

Top Companies using Alibaba Cloud

• ABS-CBN
• PrestoMall (formerly 11street Malaysia)
• Hang Seng Bank
• Chow Tai Fook Jewellery Group

5. Oracle Cloud

Oracle Cloud is an ERP(Enterprise Resource Planning) based cloud service that helps you to build, deploy, and manage workloads in the cloud or on-premises. Oracle has approximately 4, 30, 000 huge numbers of clients around the world. The total revenue generated by Oracle was around 6.81 billion dollars in 2019.

• Oracle IaaS offerings are Compute, Storage, Networking, Governance, Database, Load Balancing, DNS Monitoring, Ravello, and FastConnect.IaaS help to run any kind of workload of an Enterprise.
• Oracle PaaS offerings are Data Management, Application Development, Integration, Business Analytics, Security, Management, and Content and Enterprise. PaaS helps developers to develop, connect, secure and share data across the applications.
• Oracle SaaS offerings are CX, HCM, ERP, SCM, EPM, IoT, Analytics, Data, and Blockchain Applications. SaaS provides a complete data-driven and secure cloud environment.
• The best thing about this cloud services provider is its chatbot option which can help customers 24/7 whenever they face difficulties.
• Data analytics by users that help decision-makers in planning for the company’s financial condition.
• Secure and better visibility to unsanctioned apps and protects against sophisticated cyberattacks.
• Payment according to the usage.

Top Companies using Oracle Cloud

• Labcorp
• Diebold Nixdorf
• CVS Health
• Universal Studios
• Zurich
• UnitedHealth Group
• Hitachi
• Ahold Delhaize
• Bank of America

6. IBM Cloud (Kyndryl)

Developed by IBM, this cloud service offers another set of solutions to the users to deploy their applications on the cloud. It offers IaaS, SaaS, and PaaS services via public, private, hybrid and multi-cloud models. IBM generated 5.3 billion dollars of revenues according to Q3 2019 which is 6.4 percent higher than the previous quarter. IBM cloud offers approximately 170 products and services to meet the customer’s business demands. IBM’s best bets come in the form of the Internet of Things, Cognitive Computing and Blockchain. Recently IBM has Red Hat, for the delivery of hybrid solutions efficiently. The cloud service is helping home appliance manufacturers, retailers, and medical supply businesses.

• Computer Network, Storage, Cloud Packs, Management, Security, Database, Analytics, AI, IoT, Mobile, Dev Tools, Blockchain, Integration, Migration, Private Cloud, and VMware are some services offered by IBM cloud.
• Freedom to select and unite the desired tools, data models and delivery models in designing/creating the next-generation services or applications.
• Users can manage their applications in many coding languages such as Java, Python, Swift, Php, etc.
• IBM AI helps with its multifunctional ability such as text to speech, detecting language, machine learning, classification of natural language, etc.
• Costs depends on the usage but free in its lite mode with free access to more than 40 services by IBM Cloud.
• You can incorporate highly performing cloud communications and services into your IT environment with the help of IBM Bluemix Cloud platform.

Top Companies using IBM Cloud (Kyndryl)

• City Furniture, Inc.
• Chevron Phillips Chemical (CPChem)
• Carrefour Belgium
• Canadian Malartic
• Bord Gáis Energy
• Blue NAP Americas
• Bank of Ayudhya Public Company Ltd (Krungsri)
• Arizona Department of Transportation

7. Tencent Cloud

DigitalOcean is a well-known cloud hosting provider that currently holds the fourth largest global market share in cloud computing, following Alibaba Cloud, AWS, and Microsoft Azure. It Has a strong presence in China and Southeast Asia, with growing international reach.

Service Portfolio:

• Offers a comprehensive range of cloud solutions, including:
  • Compute: Cloud Virtual Machines (CVM) for traditional VMs, Serverless Functions (SCF) for serverless computing, and Container Orchestration (TKE) for managing containerized applications.
  • Storage: Cloud Object Storage (COS) for highly scalable object storage, Cloud Block Storage (CBS) for high-performance block storage, and Cloud File Storage (CFS) for network-attached storage.
  • Networking: Cloud Virtual Private Cloud (VPC) for creating isolated virtual networks, Cloud Private Line (CPL) for dedicated connections, and Global Transit Gateway (GTW) for managing complex network environments.
  • Databases: Cloud Database Service (TDSQL) for managed databases, various managed NoSQL databases, and Data Aggregation Storage (DAS) for big data analytics.
  • AI & ML: Tencent AI Platform provides tools for building, training, and deploying AI models, and offers pre-trained models for various tasks.
  • Security & Identity: Cloud Security (Tencent Cloud Security) offers various security solutions, including Anti-DDoS protection, Web Application Firewall (WAF), and Key Management Service (KMS).
  • Developer Tools: API Gateway for managing APIs, Serverless Application Model (SAM) for developing serverless applications, and Cloud Code for integrated development and deployment.
  • Industry-Specific Solutions: Tailored solutions for gaming, media, healthcare, finance, and more.
• Known for its expertise in gaming and media industry solutions, leveraging the experience of its parent company, Tencent.
• Has a strong focus on AI and machine learning, offering a diverse range of AI tools and pre-trained models.
• Offers competitive pricing with various flexible payment options, including pay-as-you-go and reserved instances.

Top Companies using Tencent Cloud

• ChangYou
• SINA Corporation
• OS – Learning Fun
• Q-See
• NBA Media Ventures, LLC

8. OVHcloud

DigitalOcean is a well-known cloud hosting provider that currently holds the sixth largest global market share in cloud computing, following Alibaba Cloud, AWS, Microsoft Azure, Tencent Cloud, and Google Cloud Platform. Known as a strong player in Europe, particularly in France, and is expanding its global presence.

Service Portfolio:

• Offers a diverse range of cloud solutions, including:
  • Compute: Dedicated servers (bare metal), Public Cloud with various VM options, Web Hosting solutions, and Private Cloud for on-premises infrastructure.
  • Storage: Dedicated storage solutions, Public Cloud Object Storage, Backup solutions, and High Availability storage.
  • Networking: Dedicated network solutions, Public Cloud Virtual Private Cloud (vRack), and managed network services.
  • Databases: Managed database solutions for various engines like MySQL, PostgreSQL, and MongoDB.
  • AI & ML: AI Marketplace with pre-trained models and solutions, and access to various AI and ML frameworks.
  • Security & Identity: Security solutions for various needs, including anti-DDoS protection, web application firewall, and vulnerability management.
  • Developer Tools: Various DevOps tools, API Gateway, and code repositories.
  • Industry-Specific Solutions: Tailored solutions for healthcare, media, e-commerce, and more.
• Known for its expertise in bare metal server solutions, offering high performance and customization.
• Has a strong commitment to data privacy and security, compliant with various European regulations.
• Places emphasis on open-source technologies and partnerships.
• Offers transparent and competitive pricing with various flexible options, including pay-as-you-go and commitment plans.

Top Companies using OVHcloud

• Emisora Escuela M21 Radio
• H&R Block, Inc
• Collège Boréal
• VMware Inc
• VMware Tanzu Observability

9. DigitalOcean

DigitalOcean is a well-known cloud hosting provider that primarily caters to startups, small and medium-sized businesses (SMBs), and individual developers, holding a smaller market share compared to larger cloud providers. Known for its strong presence in developer communities.

Service Portfolio:

• Offers a focused set of essential cloud solutions, including:
  • Compute: Droplets (virtual machines) with various configurations and operating systems.
  • Storage: Block storage options for data persistence.
  • Networking: Private networking capabilities and additional networking add-ons.
  • Databases: Managed databases for popular engines like MySQL, PostgreSQL, and MariaDB.
  • Containerization: Managed Kubernetes platform for deploying containerized applications.
  • App Platform: Serverless platform for deploying web applications without managing infrastructure.
  • Marketplace: Additional tools and services from third-party partners.
• Prioritizes simplicity and developer experience, offering a user-friendly interface and APIs.
• Provides transparent and predictable pricing, making it cost-effective for smaller projects.
• Offers extensive documentation and community support, catering to developers’ needs.
• Operates on a pay-as-you-go model with clear pricing tiers based on resource usage.
• Offers free tier for experimentation and learning.

Top Companies using DigitalOcean

• Shopify
• GitHub
• Airbnb

10. Linode (owned by Akamai)

Linode, which is now part of Akamai, is a cloud platform primarily caters to developers, startups, and SMBs, holding a smaller market share compared to major cloud providers.Known for its strong developer community and focus on simplicity.

Service Portfolio:

• Offers a focused set of cloud hosting solutions, including:
  • Nanode and Linode: Virtual machines (VMs) with various configurations and operating systems.
  • LKE: Managed Kubernetes platform for deploying containerized applications.
  • Managed Databases: Managed options for popular databases like MySQL, PostgreSQL, and MongoDB.
  • Block Storage: Additional storage options for data persistence.
  • Marketplace: Additional tools and services from third-party partners.
• Similar to DigitalOcean, Linode prioritizes simplicity and developer experience, offering a user-friendly interface and APIs.
• Provides transparent and predictable pricing, making it cost-effective for smaller projects.
• Offers extensive documentation and community support, catering to developers’ needs.
• Integrates with Akamai’s content delivery network (CDN) and security services after the acquisition, potentially offering enhanced performance and protection.
• Operates on a pay-as-you-go model with clear pricing tiers based on resource usage.
• Offers free tier for experimentation and learning.

Top Companies using Linode (owned by Akamai)

• Heroku
• GitLab
• Authy
• Postmates

Conclusion

In 2024, the top 10 cloud platform service providers offer a wide range of solutions, from industry giants like AWS, Microsoft Azure, and Google Cloud to emerging players like Oracle Cloud and IBM Cloud. These providers cater to diverse business needs with services spanning compute, storage, AI, and more. With innovation and reliability at the forefront, businesses can leverage these platforms for agility, scalability, and digital transformation.

Top 10 Cloud Platform Service Providers – FAQs

Who is the cloud leader in 2023?

IBM Cloud, Alibaba Cloud, Google Cloud Platform (GCP), Microsoft Azure, Amazon Web Services (AWS).

Who is king of cloud?

As of now, Amazon Web Services (AWS) continues to hold the title of the king of cloud computing. AWS has been a dominant force in the cloud industry since its founding in 2006.

Is Azure bigger than AWS?

As of February 2023, AWS remains the top player in the cloud computing market, holding approximately 32% market share, while Microsoft Azure trails behind with around 23% market share.

Who owns Azure?

Microsoft Corporation is the current owner of the Azure platform. Azure, often referred to as Microsoft Azure, is a cloud computing platform run by Microsoft.

Who owns AWS?

Amazon Web Services (AWS) is a branch of Amazon specializing in offering cloud computing platforms and APIs to individuals, corporations, and governments. These services are provided on a metered, pay-as-you-go model.