Alibaba Cloud reports 50% revenue year-over-year growth and named a Leader in CDM by Gartner
Alibaba Cloud has seen its revenue for database products rise 50% year-over-year due to a global increase in cloud computing as companies boost recovery efforts amidst the pandemic.
The company has also been named a Leader in the 2021 Gartner Magic Quadrant for Cloud Database Management Systems. This follows being named a Leader in the 2020 Gartner Magic Quadrant for Cloud Database Management Systems report.
"Since entering the leader's quadrant in 2020, Alibaba Cloud has been continuously innovating our database products to address customers' growing needs associated with data analytics and security," says Alibaba Cloud Intelligence president of Database Business, Dr Li Feifei.
"In addition, we are committed to open-sourcing more database products such as cloud-native database PolarDB and its distributed version PolarDB-X, to give global developers the access of our technologies to build up an inclusive database ecosystem."
Driving 150,000 customers' global success
The Alibaba Cloud database product family currently serves 150,000 customers worldwide, covering key verticals including aviation, insurance, logistics, retail, fintech, manufacturing, gaming, education and more.
Some examples include:
- Tiger Brokers: The ompany continually provided its customers with access to streaming data and the capability to execute trades on multiple global markets. Given the nature of its business, the company deployed a series of Alibaba Cloud products to support its system. The suite of products from ApsaraDB (Alibaba Cloud database family) has provided the platform with much-needed stability, reliability, scalability, and high availability at the database layer.
- AIA Life Insurance: The insurance company deployed Alibaba Cloud's database products to support its growing customer base in China and provide customers with stable and reliable services in migrating its key services to the cloud. Its insurance contract system with the support of PolarDB can support hundreds of thousands of read requests per second to ensure smooth communication and coordination between agents and customers.
- Rounddesk: Is an enterprise-grade video conferencing platform headquartered in Singapore. Due to the pandemic, it experienced a drastic increase in its video conferencing demands. It has leveraged Alibaba Cloud's suites of products, including database, to resolve challenges such as bandwidth limitations.
New launches to boost security and analytics capabilities
Alibaba Cloud says customers are increasingly adopting a hybrid work approach to reduce cost, increase performance efficiency and help them meet the security requirements. The company says it has invented a fully encrypted database system that allows users to encrypt their data before uploading them to the cloud for processing, giving businesses the extra layer of compliance and privacy assurance with the benefits of cloud-native database systems.
To assist enterprises in dealing with hybrid processing requirements, Alibaba Cloud also upgraded its cloud-native data warehouse AnalyticDB to handle online interactive analytics and offline batch processing simultaneously in one system, providing businesses with AI when dealing with complex workloads.
Alibaba Cloud has also upgraded its Ganos, a cloud-native Spatio-temporal database engine that could analyse and translate 3D and 4D spatial data to build digital twins mirroring the physical world. The engine has been upgraded to address the growing analytic requirement of multidimensional data, especially in construction, transportation, urban planning, natural landscape surveying and mapping.