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Alibaba Cloud Rated as Leader in 2 Gartner Reports
2025-11-05 11:32:19 BABA-W (09988.HK)'s subsidiary Alibaba Cloud announced that it was rated as a leader in Gartner's "Magic Quadrant for Container Management 2025" and "Magic Quadrant for Cloud-Native Application Platforms 2025". As digital capabilities become indispensable for enterprises, Alibaba Cloud is committed to enhancing the efficiency and convenience of adopting digital tools while incessantly pushing the boundaries of related technologies, said Jiang Jiangwei, Senior Researcher, and General Manager of the Infrastructure Products Business Unit at Alibaba Cloud Intelligence. According to the Gartner report, the container management market size exceeded USD2.5 billion in 2024, and it is expected that by 2028, 95% of new AI deployments will adopt Kubernetes, a sharp increase from the current less than 30%. Additionally, the global cloud native application platform market revenue surpassed USD3.5 billion in 2024, with an annual growth rate of 16.4%, and it is projected that by 2029, the market revenue will top USD7 billion, with a CAGR of 15.1% in 2024-29 at a fixed exchange rate. ~ AASTOCKS Financial News Website: www.aastocks.com | |