Why does cloud computing attract industry giants?These data tell you

In the context of the internet of Everything, the cloud computing market has become an attractive “cake”. The data shows that the global public cloud service market size in 2016 was 209.2 billion US dollars, and it is expected to increase by 18% to reach 246.8 billion US dollars in 2017; by 2020, the global public cloud service market size is expected to reach 383.3 billion US dollars.

In the face of this market dividend, industry leaders have entered the cloud market one after another and launched a fierce battle, including Amazon, Microsoft, Oracle, BAT… However, there are also outsiders who express their confusion, and the giants are fighting for cloud computing. “Headbreaker”, is it worth it? After reading the data below, perhaps you will understand the charm of cloud computing.

Amazon AWS to hit $16 billion in total revenue this year

According to foreign media reports, Amazon’s AWS cloud computing unit achieved $4.1 billion in revenue in the second quarter, a year-on-year increase of 42%. That’s on track to bring the AWS unit’s total revenue to $16 billion this year, Amazon Chief Financial Officer Brian Olsavsky said.

Why does cloud computing attract industry giants?These data tell you

This number is undoubtedly staggering, because a few years ago, cloud computing was regarded as a money-burning black hole business. Today, AWS posted an operating profit of $916 million in the second quarter, up 28% year over year. Additionally, AWS has posted impressive sales growth despite Microsoft and Google pouring resources into their cloud computing divisions to compete with Amazon.

Baidu releases Q2 financial report, cloud computing boosts revenue growth

As one of the three major domestic BAT giants, Baidu also announced its financial report for the second quarter of the 2017 fiscal year ended June 30 on July 28. When answering analysts’ questions, Li Yanhong said that Baidu has made great progress in artificial intelligence and cloud computing.

According to the report, the company’s total revenue for the quarter was 20.874 billion yuan (about 3.079 billion U.S. dollars), an increase of 14.3% over the same period last year. According to GAAP, the net profit attributable to the listed part of the company was RMB 4.415 billion (approximately US$ 651.0 million), compared with RMB 2.414 billion in the same period last year, a year-on-year increase of 82.9%; Profit was 11.31 yuan (about 1.67 US dollars), compared with 6.57 yuan per share in the same period last year, a year-on-year increase of 72.1%.

Oracle’s market value exceeds $200 billion for the first time

In the process of entering cloud computing, it is inevitable that there are some risks, but luck and misfortune depend on each other, and cloud computing can always bring unexpected surprises. As far as Oracle is concerned, after experiencing the ups and downs of cloud computing transformation, according to foreign media reports, Oracle’s market value exceeded 200 billion US dollars for the first time, a surge of nearly 11%, which stemmed from Wall Street investors betting that Oracle is transforming to cloud computing. The process finally turned the corner.

Oracle’s fourth-quarter total revenue increased 3% year-on-year to $10.9 billion, exceeding analysts’ average estimate of $10.45 billion; adjusted earnings per share increased 10% year-on-year to $0.89, much higher than most analysts expected. $0.78. Ellison expects the platform and infrastructure components of the cloud business to experience “super-fast” growth in the new fiscal year, catching up with the growth of cloud applications.

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