Cloud computing refers to web-based computing resources. It allows both individuals and businesses to access virtual machines, databases, storage, processing power, and more on a pay-as-you-go basis, unlike traditional computing, where you pay upfront for capabilities you might not always employ. 

The cloud computing market was valued at $587.78 billion in 2023. It is projected to grow from $676.29 billion in 2024 to $2,291.59 billion by 2032. It is vital to acknowledge that cloud infrastructure services providers have been conducive in giving rise to the broad-spectrum market we now have in cloud solutions.

Let’s explore the five global giants of the cloud infrastructure market, which have set the standard for cloud services by offering solutions that cater to a wide range of business needs.

Table of Contents:

Top Five Cloud Infrastructure Companies in 2024

Given the rapidly evolving cloud computing environment, finding the best one based on your business needs can be daunting. Here is a detailed discussion about the best cloud computing companies in 2024 to help you make an informed decision.

1. Amazon Web Services Cloud Infrastructure

Since its founding in 2006, Amazon Web Services (AWS) has significantly transformed the cloud computing industry. It has been offering solutions based on adaptable techniques and reasonably priced prices. 

Moreover, it is one of the first companies to attest to the market for cloud infrastructure which also helped to advance application deployment and administration worldwide.

According to Synergy Research Group, AWS had 31% of the global cloud infrastructure market share in the first quarter of 2024, demonstrating its clear dominance in the field. Two factors that make AWS more distinguishable are continuous innovation and a very sharp focus on customers’ needs, which puts AWS in a vantage position to be a leader in the market.

Best Features of Amazon Web Services

Feature Description
Computing Elastic Compute Cloud (EC2) offers resizable computing capacity
Storage Simple Storage Service (S3) provides scalable object storage
Networking Virtual Private Cloud (VPC) for isolated network environments
Database Amazon RDS offers managed relational databases with automated maintenance
Security Comprehensive security features, including encryption and compliance tools
Machine Learning (ML) SageMaker facilitates building, training, and deploying ML models
Analytics Redshift provides fast, simple, cost-effective data warehousing
Management Tools AWS CloudFormation enables infrastructure as code for automated provisioning

Read EXCLUSIVE Story: Hurix Digital Seamlessly Stabilizes a Leading Utilities Provider’s IT Infrastructure and Services

2. Microsoft Azure

Microsoft Azure is one of the most preferred cloud solutions for businesses that need powerful solutions. Henceforth, it has been adopted by almost 56% of the global organizations that use cloud services.

As of 2024, Microsoft Azure has provided over 2,800 AI and ML solutions and services that are aimed at enterprises of all types. Some of these services target infrastructural areas such as healthcare, financial, government, and retail, making Azure an ideal solution for attaining business objectives.

Best Features of Microsoft Azure

Features Description
Hybrid Cloud Support Extensive global presence with data centers in multiple regions for optimized performance
Developer Tools Comprehensive suite of developer tools and services, including Visual Studio and GitHub
Analytics and Insights Advanced analytics tools, including Azure Synapse Analytics, for deep data insights
IoT Integration Top-grade Internet of Things (IoT) services for connecting and managing IoT devices

3. Google Cloud Platform

Google Cloud Platform currently has 11% of the global cloud market share. It uses the same strong base as other Google products, such as the Google search engine, Gmail, and Google documents. This means organizations using it can enjoy the same dependable and prompt cloud infrastructure services applied to some of the best applications worldwide. 

And here’s the fun part: new customers get $300 in free credits to explore Google Cloud products and build a proof of concept. No charges until you’re ready to activate your full paid account!

Best Features of Google Cloud Platform

Features Description
Advanced AI and ML Services Advanced AI and ML tools for innovative applications
Big Data Analytics Powerful analytics tools like BigQuery for real-time data insights
Free Credits $300 in free credits for new users to try out and build on the Google Cloud Platform
Generative AI 70% of generative AI Iunicorns are Google Cloud customers, showcasing its AI capabilities

4. Oracle Cloud

Oracle Cloud Infrastructure (OCI) is developed with modern technological solutions to fulfill the requirements of enterprise applications. Although OCI is optimized for the enterprise environment, advances in networking, computing, and storage technologies have helped to improve application reliability, responsiveness, and scalability within the native cloud ecosystem.

If you need to build production-ready cloud-native apps, OCI is an excellent option. It offers a comprehensive set of cloud services and a strong partner base. 

Best Features of Oracle Cloud Infrastructure

Features Description
Autonomous Database Automates database management for data warehousing, transaction processing, and document databases
Autonomous Linux Automatically patches and updates, ensuring 99.995% system availability
Cloud Native Enhancements Innovations in computing and storage for better performance and scalability of cloud-native apps

5. IBM Cloud

The final addition to our list of best cloud infrastructure service providers is IBM Cloud. It offers over 230 public cloud solutions that enable organizations to manage third—and fourth-party risks and unlock their value quickly. 

Out of all the options, IBM Cloud shines the most in the aspect of security, where you can ensure encryption and compliance of your data. It is specifically known for the hybrid cloud feature that initiates smooth integration with on-premises systems.

Lastly, IBM’s AI-driven services, such as Watson, allow businesses to use advanced analytics and ML for innovative solutions. 

Best Features of IBM Cloud

Features Description
Hybrid Cloud Integration Seamless integration with on-premises systems for hybrid cloud environments
Extensive Ecosystem Over 230 public cloud solutions to meet diverse business needs
AI and ML AI-driven services like Watson for advanced analytics and innovative solutions

Also Read: Choosing the Right Tools for an Effective Cloud Monitoring Strategy!

Final Thoughts

When choosing between the options of the leading cloud infrastructure providers, you should take advantage of their trial accounts. Most providers, including AWS, Azure, Google Cloud, Oracle, and IBM Cloud, offer substantial credits to explore their platforms.

Take hold of this opportunity to check their effectiveness, compliance with your requirements, and compatibility with your current infrastructure.

In this context, you can consider Hurix Digital. Its Cloud Security Services provide comprehensive protection and peace of mind for businesses transitioning to the cloud. With a focus on robust security measures and tailored solutions, Hurix Digital ensures data integrity, confidentiality, and availability across cloud environments.

Book a discovery call today to learn more!