Cloud computing: invisible, versatile and highly profitable

Cloud computing: invisible, versatile and highly profitable

Amazon Web Services holds the lion's share of the global public-cloud market at 30 to 50 percent. There are now even cloud services for video games, which require enormous amounts of data and extremely rapid response times.. The public cloud can provide savings while also allowing greater flexibility as users' needs evolve.. In practice, many companies choose a hybrid approach, melding the lower cost, greater power and high adaptability of the public cloud with the comforting security of a private cloud.. In 2020, the market for the public cloud is expected to reach $266 billion, a 17 percent increase over 2019, according to Gartner Consulting.. The 2006 launch of Amazon Web Services (AWS) gave the online giant a huge lead over its competitors.. Analysts put its current share of the global public-cloud market at 30 to 50 percent.. Google Cloud took in $9 billion in 2019 (up 53 percent in a year).. AWS has joined with Verizon, and Microsoft with AT&T, in the race to make cloud technologies more directly available to users.. INTERVIEW: World Economic Forum brings a touch of Davos to Saudi Arabia /node/1628246/business-economy. Børge Brende, president of the World Economic Forum (WEF), brought a little flavor