Alibaba ranked the 3rd-largest IaaS

FOR the fourth year in a row, Alibaba is ranked as the third-largest Infrastructure-as-a-Service (IaaS) provider in the world and the biggest in Asia Pacific in 2021 by revenue. The latest Gartner report, "Market Share: IT Services, 2021," showed Alibaba's global market share expanded to 9.55 percent, while in Asia Pacific the company has achieved 25.5 percent.

With 84 availability zones in 27 regions, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, provides IT services to millions of customers globally. According to the 2021 report, the business was able to increase its individual worldwide market share across verticals, including transportation, banking and investment services, insurance, manufacturing and natural resources, and wholesale trade, with revenue growth between 49 percent to 67.5 percent for these sectors from a year earlier.