Below you can find the list of the 5 Most Valuable Cloud Computing Companies. For our detailed discussion of the Cloud computing industry and its growth catalysts, go to 15 Most Valuable Cloud Computing Companies.
Market cap: $713.18 billion
The e-commerce giant Alibaba Group is also included in the 15 most valuable cloud computing companies. Alibaba Cloud offers an array of cloud computing services including database, storage, networking, security, analytics, artificial intelligence, and hybrid cloud. Alibaba Cloud also provides a one-stop IoT management platform for enterprises. Earlier in February, Alibaba said its Cloud revenue jumped 50% in the most recent quarter to reach $2.47 billion
In 2019, Alibaba and Salesforce announced a strategic partnership wherein Alibaba became an exclusive provider of Salesforce software and services in Asian markets such as China, Taiwan, Macau, and Hong Kong. Shares of BABA rallied 23% over the past twelve months.