Alibaba Group has ranked third in the global Infrastructure as a Service (IaaS) market and first in the Asia Pacific region for the third consecutive year.
This is according to the latest report entitled Market Share: IT Services, Worldwide 2020, from global research and advisory firm Gartner.
According to the analysts, Amazon has 40.8% of the worldwide share, Microsoft has 19.7%, Alibaba Group has 9.5% and Google has 6.1%.
Alibaba Group's market share in the global IaaS market climbed to 9.5% in 2020, up from 8.8% the year earlier, according to the report.
The report also highlighted Alibaba Group's position in various vertical sectors in global IaaS market including education (first), banking and securities (third), utilities (third) and retail (third).
Alibaba Group saw its IaaS market share in the global education industry climb to 24.3% in 2020 from 18.8% in 2019, holding the number one share in the education vertical sector in 2020.
In addition, the annual report showcased Alibaba Cloud's commitment to its global strategy to grow its worldwide presence through extending its global infrastructure and network offerings.
Last year, the digital technology and intelligence branch of Alibaba Group announced that it will invest an additional RMB200 billion (approximately US$28 billion) in the next three years on its cloud infrastructure, focusing on technologies including operating systems, servers, chips and its network.
Alibaba Cloud currently has 69 availability zones in 23 regions, serving millions of customers across the globe. In the 2020 fiscal year, it supported 38% of the Fortune 500 companies.
Furthermore, the company has more than 80 security and compliance accreditations worldwide.
Alibaba Cloud is the technology and public cloud platform underpinning Alibaba's ecosystem and technology stack, which ranges from eCommerce and payment, to logistics and supply chain management solutions.
Established in 2009, the company offers a complete suite of cloud services to customers, including elastic computing, database, storage, network virtualisation services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services.
As an example of the company's capacity, it supported US$74.1 billion in transactions over an 11-day period during Alibaba's 11.11 Global Shopping Festival last year with zero downtime.
Alibaba Cloud Intelligence president Jeff Zhang says, "It is encouraging to see Alibaba Group ranked third in the global IaaS market again.
"We will continue to work closely with our global partners to upgrade our solutions and technologies to become the trusted partner of choice for more customers around the world.
"We believe the report is also a recognition of our increased efforts in the education sector to help schools continue their lessons during the coronavirus outbreak via leveraging our digital-learning solutions.