IBM continued to lead the hybrid cloud space in 2015

Previously in the series, we discussed IBM’s (IBM) recent acquisition of Gravitant in late 2014. This acquisition was intended to boost IBM’s position in the hybrid cloud space where the latter enjoys a leadership position. According to Synergy Research’s recent report and as the below chart shows, IBM continued to be a top performer in the hybrid cloud space while Amazon (AMZN) ruled the overall cloud as well as the private cloud space.

In 2016, Amazon announced that its AWS (Amazon Web Services) will open a new cloud region in Korea (EWY). Amazon went on with its price cut strategy in 2016 and revealed further price cuts to its EC2 (elastic cloud) service.

How Hybrid Cloud Fared against Public and Private Clouds in 2015
Hybrid and private cloud registered 45% growth as compared to 51% growth in public cloud space

A Synergy Research report further stated, “Across a range of cloud market segments, 2015 growth rates averaged 28 percent and annual revenues passed the $110 billion milestone.” Though private and hybrid cloud infrastructure services grew at a rate of 45%, they were a little behind the public IaaS (infrastructure-as-a-space) and PaaS (platform-as-a-service) market space, which grew by 51%.

In the SaaS space, Salesforce (CRM) continued to face an increased threat from Microsoft (MSFT) as the above chart shows. The report also stated that all segments in the cloud grew at least 16%.

Latest articles

Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.

This week, AT&T CEO Randall Stephenson noted that AT&T (T) is on track to reduce its leverage multiple to about 2.5x by the end of this year.

Jeff Bezos announced that Amazon had placed an order of 100,000 electric delivery vans from Michigan-based startup Rivian.

Bad news on the trade war front appears to have led to a fall in the broader US equity markets today. Cannabis ETFs were also trading in the red.

Energy Transfer (ET) stock has recovered in the last two trading sessions after investors hammered it on its plans to acquire SemGroup (SEMG).

Software-as-a-service company Datadog (DDOG) made a smashing debut on Wall Street yesterday. After its IPO, DDOG's shares surged 40% in intraday trading.