Whether its foundation, applications, services, products, software, or even an operating system, everything is moving to the cloud. Thus, businesses are investing billions of dollars in cloud migration services.Cloud computing is a kind of web-based computing that enables organizations and individuals to use computing resources, including databases, storage, data processing, events, services, virtual machines, messaging, and pay-as-you-go.
The services offered by cloud often improve upon older ones, just like the pay-as-you-go model, that charges for resources as they are being used. In case you do not use any resources, the payment is not required, which is not the case with traditional computing. Therefore, it is a more efficient way of delivering computing resources.
Cloud computing has grown over the last ten years. As such, organizations are increasingly shifting from traditional software models to different cloud services. At present, the majority of top cloud computing businesses offer all of these services.
Amazon, Inc., and Microsoft are the two leaders that provide cloud computing services, followed by Google, Alibaba, and IBM.According to Straits Research's latest report on the cloud computing market, the overall market accounted for over USD 210 billion in terms of value in 2019 and is projected to grow at a CAGR of 16.9% during the forecast period, 2020–2027. The top ten cloud computing companies globally are briefly discussed below, with an emphasis on their recent developments.