A cloud service provider rents computing resources (servers, storage, networking, databases and, increasingly, GPUs for artificial intelligence) over the internet on demand. This list covers providers of cloud infrastructure and platform services: the global hyperscalers, Chinese and Korean cloud operators, European sovereign and hosting-based clouds, edge clouds and specialist GPU clouds.
The first 28 entries are ranked by the cloud revenue each company reports for its latest full fiscal year, converted to US dollars. Microsoft's Intelligent Cloud segment (US$137.79 billion) and Amazon Web Services (US$128.73 billion) together report more than the other 26 ranked companies combined. The remaining 16 providers publish no cloud revenue and are listed by the number of regions, zones or data centres they publish.
Each figure was taken from an annual report, securities filing, results release or the provider's own website and is cited in its entry. No figures were estimated.
Contents
- Overview
- Market context
- How the ranking was built
- Methodology
- The list
- Full ranking table
- By country
- Notable changes in 2026
- Alternatives by use case
- Frequently asked questions
- See also
At a glance
-
Microsoft (Azure / Intelligent Cloud)
— Enterprises standardised on Microsoft software and identity
-
Amazon Web Services
— Broadest catalogue of infrastructure and managed services
-
Google Cloud
— Data analytics, AI models and Kubernetes-centred workloads
-
AC Alibaba Cloud
— Businesses operating in mainland China and Asia
-
OC Oracle Cloud Infrastructure
— Oracle database workloads and large AI training contracts
-
CT China Telecom Cloud (Tianyi Cloud)
— Government and state-owned enterprise workloads in China
-
CM China Mobile Cloud
— Enterprises already buying connectivity from China Mobile
-
CoreWeave
— Large-scale AI model training and inference
-
Huawei Cloud
— Organisations in China, the Middle East, Africa and Latin America
-
Baidu AI Cloud
— Chinese enterprises using Baidu's AI models
-
RT Rackspace Technology
— Organisations outsourcing the running of AWS, Azure or private cloud
-
LC LG CNS
— Korean enterprises needing cloud and AI project delivery
-
Cloudflare
— Edge compute, application security and content delivery
-
Samsung SDS
— Samsung affiliates and Korean enterprises needing domestic cloud
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IONOS
— European SMEs wanting hosting and sovereign cloud from one vendor
-
KC Kingsoft Cloud
— AI and internet companies in China, especially in the Xiaomi ecosystem
-
OVHcloud
— European customers wanting predictable pricing and EU data residency
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DigitalOcean
— Start-ups and small teams that want simple pricing
-
Akamai Cloud
— Distributed compute close to end users
-
F Fastly
— Media and e-commerce sites needing programmable caching
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Nebius
— AI start-ups and labs needing GPU clusters in Europe or the US
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SAKURA internet
— Japanese public-sector and AI users needing domestic infrastructure
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Macquarie Technology Group
— Australian agencies needing sovereign, security-cleared cloud
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Backblaze
— Low-cost object storage and backup
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IREN
— Large GPU deployments for hyperscale and AI-lab customers
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WhiteFiber
— Mid-size GPU clusters on contract
-
EN E2E Networks
— Indian customers needing domestic GPU capacity
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HIVE Digital Technologies
— Small and mid-size GPU rental
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Gcore
— Low-latency inference and content delivery across many regions
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Hivelocity
— Dedicated servers in many cities
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Vultr
— Developers wanting many regions and GPU options from one independent provider
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TC Tencent Cloud
— Gaming, media and companies serving users in China and Asia
-
Latitude.sh
— Single-tenant servers and GPUs without hypervisor overhead
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IBM Cloud
— Organisations already using IBM software in hybrid estates
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Contabo
— Cost-sensitive users needing large VPS instances
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Atlantic.Net
— Long-established hosting with US, Canadian, UK and Singapore sites
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Exoscale
— Central and Eastern European customers needing EU or Swiss hosting
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STACKIT
— German and European organisations prioritising data sovereignty
-
Hetzner
— Price-sensitive developers and European hosting
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Core42
— Sovereign cloud and AI capacity
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Civo
— Fast Kubernetes clusters for developers
-
Nscale
— AI training capacity in Norway and the UK
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Scaleway
— European start-ups and AI teams wanting an EU-owned provider
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T Cloud Public
— European public-sector and regulated workloads
Overview
Cloud infrastructure services are usually divided into infrastructure as a service (IaaS: virtual machines, bare-metal servers, block and object storage, networks) and platform as a service (PaaS: managed databases, Kubernetes, serverless functions, AI model hosting). Software delivered as a service, such as office suites or CRM, belongs to a different category, SaaS. It is outside the scope of this list except where providers report it together with infrastructure, as Google does with Workspace.
The providers fall into several groups. The hyperscalers (Amazon Web Services, Microsoft Azure and Google Cloud) offer hundreds of services in dozens of regions. Oracle Cloud Infrastructure and Alibaba Cloud have similar scope but a smaller installed base outside their home markets. In China, the telecom operators run large clouds alongside Alibaba, Huawei, Baidu, Tencent and Kingsoft. Since 2023 a group of GPU specialists, sometimes called neoclouds, has grown quickly by renting accelerator capacity to AI developers. CoreWeave, Nebius, IREN and WhiteFiber are examples. A further group of European providers, including OVHcloud, IONOS, Scaleway, STACKIT, Exoscale, Hetzner and T Cloud Public, sells on data residency and EU ownership. Edge clouds such as Cloudflare, Fastly and Akamai run compute close to end users on content-delivery networks.
Adjacent categories are covered by separate lists: data centre colocation companies that rent space and power but not computing (for example Equinix or VNET's wholesale IDC business), managed IT outsourcing companies, web hosting companies, and cloud software vendors. Managed cloud providers that do not own the underlying platform, such as Rackspace Technology and LG CNS, are included here because they report cloud revenue. They are noted as such in their entries.
Market context
The scale of the market is clearest from the hyperscalers' own filings. In 2025 Amazon reported AWS segment net sales of US$128.7 billion and segment operating income of US$45.6 billion. Google Cloud's revenue grew from US$43.2 billion to US$58.7 billion. In Microsoft's fiscal year to June 2026, Azure and other cloud services grew 41%, and Azure revenue passed US$100 billion. Contracted future revenue has risen even faster. At 31 May 2026 Oracle reported remaining performance obligations of US$638 billion, against US$138 billion a year earlier. Microsoft reported a commercial remaining performance obligation of US$678 billion, up 84%, and Alphabet a revenue backlog of US$242.8 billion that it attributed mainly to Google Cloud.
Third-party market sizing varies by definition. DigitalOcean's annual report cites IDC estimates that worldwide IaaS and PaaS spending by individuals and companies with fewer than 500 employees will grow from about US$138 billion in 2025 to US$251 billion in 2028, a compound annual growth rate of 22%. China Telecom cites IDC's tracker of China's public cloud market as placing China Telecom Cloud second in IaaS.
Growth has been fastest among GPU specialists. CoreWeave's revenue rose from US$229 million in 2023 to US$5.13 billion in 2025. Nebius's AI cloud segment grew from US$68.3 million to US$480.3 million in a year. IREN's AI cloud revenue grew roughly eightfold in fiscal 2026. Ownership has also changed. Akamai entered the market by buying Linode. Nebius Group was called Yandex N.V. until it divested most of its former businesses in 2024. IONOS decided in September 2025 to sell its AdTech business and concentrate on hosting and cloud.
How the ranking was built
Group 1 (ranks 1–28) is ordered by the latest full-year cloud revenue each company reports. Where a company reports a cloud segment, that segment is used: Microsoft Intelligent Cloud, AWS, Google Cloud, Alibaba Cloud Intelligence Group, Huawei Cloud Computing, Rackspace Public plus Private Cloud, Akamai cloud computing, Macquarie Technology's Cloud Services & Government, Nebius's AI cloud segment and the AI cloud lines of IREN, WhiteFiber and HIVE. Where it splits infrastructure from applications, the infrastructure figure is used (Oracle). Where the company is a pure cloud, hosting or edge provider, total revenue is used (CoreWeave, Cloudflare, Kingsoft Cloud, OVHcloud, DigitalOcean, Fastly, Backblaze, SAKURA internet, E2E Networks, and IONOS continuing operations).
Group 2 (ranks 29–44) covers providers that publish no cloud-specific revenue. It is ordered by the number of locations each provider publishes on its own site, whether regions, zones, data centres or countries, as each defines them. Ties are broken by any further published measure, such as availability zones or headcount. These counts are not comparable with each other in the way revenue is, so group 2 shows footprint, not size.
Methodology
The ranking metric for group 1 is the latest full fiscal-year cloud revenue published by 13 November 2026, from the company's annual report, securities filing or results release. For LG CNS, the figure was taken from a news report of the company's results release. Fiscal years differ: most are calendar 2025, but Microsoft and IREN close in June 2026, Oracle in May 2026, Alibaba, SAKURA internet, E2E Networks and HIVE in March 2026, Macquarie Technology in June 2026, and OVHcloud in August 2026. Revenue in other currencies is converted at Federal Reserve 2025 annual average rates: RMB7.1875, ₩1,421.3963, ¥149.5686 and ₹87.1468 per US dollar; €1 = US$1.1306 and A$1 = US$0.6450. One rate is used whatever the fiscal year.
Reported cloud figures are not defined the same way. Microsoft's segment includes on-premises server licences, Google Cloud includes Workspace, China Mobile's computing-services figure includes data-centre revenue, and Baidu's AI Cloud Infra figure is unaudited management data. Adjacent ranks should therefore be read with care. Huawei also discloses a wider cloud-related figure of CNY72.08 billion, which would move it above CoreWeave. The segment figure is used because it is the one prepared on the same basis as Huawei's other segments.
The list has 44 entries rather than 50 because several notable providers publish neither cloud revenue nor a location count that could be checked. They were left out rather than placed on an estimate. They include Lambda (founded in San Francisco in 2012), Crusoe (whose contracted AI capacity approached 5 GW in June 2026), Volcano Engine (ByteDance), Together AI, Wasabi (founded in 2017, Boston), Leaseweb and UpCloud. China Unicom publishes only the growth rate of Unicom Cloud, not its revenue. VNET operates Microsoft's cloud services in mainland China as a local partner, but its reported revenue is mainly data-centre (IDC) revenue. Tencent and IBM publish no cloud revenue and appear in group 2.
The list
1
Largest reported cloud segment; Azure passed US$100bn in annual revenue in FY2026
Best for: Enterprises standardised on Microsoft software and identity
Microsoft's Intelligent Cloud segment reported revenue of US$137.79 billion for the fiscal year to 30 June 2026, up 30% from US$106.27 billion. The segment combines Azure and other cloud services with server products such as SQL Server and Windows Server, so it is broader than public cloud alone. Azure and other cloud services grew 41% during the year, and chief executive Satya Nadella said Azure revenue had passed US$100 billion for the first time. The wider Microsoft Cloud figure, which also includes Microsoft 365 commercial and Dynamics 365, reached US$214.4 billion. Microsoft is headquartered in Redmond, Washington, and employed approximately 223,000 people at 30 June 2026.
Services
- Azure compute, storage and networking
- Azure AI and consumption-based cloud services
- GitHub cloud services
- SQL Server and Windows Server (hybrid)
- Revenue (FY2026, Intelligent Cloud segment)
- US$137.79bn
- Employees
- c. 223,000 (group, 30 Jun 2026)
- Headquarters
- Redmond, Washington, US
- Listed on
- Nasdaq (MSFT)
- Core services
- Azure IaaS/PaaS, AI services, server products
- Ranking metric (US$)
- US$137.79bn
2
Amazon's cloud segment; largest pure infrastructure-and-platform business by reported sales
Best for: Broadest catalogue of infrastructure and managed services
Amazon Web Services (AWS) is the cloud computing segment of Amazon.com. Amazon's fourth-quarter release reports AWS segment net sales of US$128.7 billion for calendar 2025 and segment operating income of US$45.6 billion, against group net sales of US$716.9 billion. Unlike Microsoft's Intelligent Cloud figure, AWS sales do not include on-premises software licences, so the two figures measure different things. Amazon does not report a separate AWS headcount; the group employed 1,576,000 full-time and part-time staff at the end of 2025. Amazon is headquartered in Seattle, Washington.
Services
- Compute (EC2) and containers
- Storage and databases
- AI and machine-learning services
- Networking, security and analytics
- Revenue (FY2025, AWS segment)
- US$128.73bn
- Segment operating income (FY2025)
- US$45.61bn
- Employees
- 1,576,000 (Amazon group)
- Headquarters
- Seattle, Washington, US
- Listed on
- Nasdaq (AMZN)
- Core services
- Compute, storage, databases, AI/ML, analytics
- Ranking metric (US$)
- US$128.72bn
3
Alphabet segment combining Google Cloud Platform and Google Workspace
Best for: Data analytics, AI models and Kubernetes-centred workloads
Google Cloud is a reportable segment of Alphabet. Its revenue rose from US$43.23 billion in 2024 to US$58.71 billion in 2025, and segment operating income more than doubled to US$13.91 billion. Alphabet attributes the growth mainly to Google Cloud Platform, particularly infrastructure and platform services. The segment also includes Google Workspace, so not all of the figure is infrastructure. Alphabet reported revenue backlog of US$242.8 billion at 31 December 2025, which it said related mainly to Google Cloud. Alphabet, based in Mountain View, California, had 190,820 employees at the end of 2025.
Services
- Compute, storage and Kubernetes (GKE)
- Data analytics and databases
- AI infrastructure and Gemini models
- Google Workspace
- Revenue (FY2025, Google Cloud segment)
- US$58.71bn
- Segment operating income (FY2025)
- US$13.91bn
- Employees
- 190,820 (Alphabet)
- Headquarters
- Mountain View, California, US
- Listed on
- Nasdaq (GOOGL)
- Core services
- Google Cloud Platform, AI infrastructure, Workspace
- Ranking metric (US$)
- US$58.70bn
4
AC
Cloud Intelligence Group of Alibaba; largest Chinese cloud by reported revenue
Best for: Businesses operating in mainland China and Asia
Alibaba Cloud sits within Alibaba Group's Cloud Intelligence Group. Segment revenue was RMB158.13 billion in the fiscal year to 31 March 2026, up 34% from RMB118.03 billion, which converts to about US$22.0 billion at the 2025 average rate used in this list. Alibaba attributes the growth mainly to public cloud revenue, including AI-related products, and reported segment adjusted EBITA of RMB14.27 billion. Alibaba Group Holding is incorporated in the Cayman Islands and gives its principal executive office as Causeway Bay, Hong Kong.
Services
- Elastic compute and storage
- Databases and big-data platforms
- AI model services
- Hybrid and industry cloud
- Revenue (FY2026, to 31 Mar 2026, Cloud Intelligence Group)
- RMB158.13bn
- Revenue (US$ equivalent)
- US$22.00bn
- Headquarters
- Hong Kong, China (principal executive office)
- Listed on
- NYSE; Hong Kong Stock Exchange
- Core services
- Public cloud, AI models and services
- Ranking metric (US$)
- US$22.00bn
5
OC
Oracle's IaaS business; fastest-growing line in Oracle's fiscal 2026 results
Best for: Oracle database workloads and large AI training contracts
Oracle splits its cloud revenue into cloud infrastructure and cloud applications. In the fiscal year to 31 May 2026, cloud infrastructure revenue rose 77% to US$18.10 billion, and total cloud revenue including applications was US$33.99 billion. This list ranks Oracle on the infrastructure figure. Oracle reported remaining performance obligations of US$638 billion at 31 May 2026, up from US$138 billion a year earlier, mainly because of significant cloud contracts. The company, headquartered in Austin, Texas, employed approximately 141,000 full-time staff.
Services
- OCI compute and GPU clusters
- Cloud database services
- Cloud applications (reported separately)
- Revenue (FY2026, cloud infrastructure)
- US$18.10bn
- Total cloud revenue (FY2026)
- US$33.99bn
- Employees
- c. 141,000 (group)
- Headquarters
- Austin, Texas, US
- Listed on
- NYSE (ORCL)
- Core services
- Cloud infrastructure, databases, GPU clusters
- Ranking metric (US$)
- US$18.10bn
6
CT
State-owned carrier's cloud arm; second in China's public-cloud IaaS market per IDC
Best for: Government and state-owned enterprise workloads in China
China Telecom reports its cloud business, also marketed as Tianyi Cloud, as one of its strategic emerging businesses. Revenue from China Telecom Cloud was RMB120.7 billion in 2025, or about US$16.8 billion at this list's conversion rate. The company's results announcement cites IDC data placing it second in China's public cloud IaaS market and among the top three for IaaS plus PaaS. Group operating revenues were RMB529.6 billion. China Telecom Corporation is listed in Hong Kong and Shanghai.
Services
- Public cloud IaaS and PaaS
- Government and industry cloud
- AI data centres (AIDC)
- Edge and network-integrated cloud
- Revenue (FY2025, China Telecom Cloud)
- RMB120.7bn
- Revenue (US$ equivalent)
- US$16.79bn
- Listed on
- Hong Kong Stock Exchange; Shanghai Stock Exchange
- Core services
- Public, private and hybrid cloud; AIDC
- Ranking metric (US$)
- US$16.79bn
7
CM
Cloud brand of China Mobile, reported within computing services
Best for: Enterprises already buying connectivity from China Mobile
China Mobile does not publish an absolute figure for its Mobile Cloud brand. The nearest reported measure is computing services revenue, which totalled RMB89.8 billion in 2025, up 11.1%, or about US$12.5 billion at this list's rate. That figure also includes data-centre revenue, so it overstates pure cloud sales. The company said intelligent computing services grew 279% and drove a 13.9% increase in cloud computing service revenue. China Mobile Limited is listed in Hong Kong and Shanghai.
Services
- Public and private cloud (Mobile Cloud)
- Data centres and AIDC
- Intelligent computing services
- Consumer cloud drive and video
- Revenue (FY2025, computing services)
- RMB89.8bn
- Revenue (US$ equivalent)
- US$12.49bn
- Listed on
- Hong Kong Stock Exchange; Shanghai Stock Exchange
- Core services
- Mobile Cloud, AIDC, intelligent computing
- Ranking metric (US$)
- US$12.49bn
8
Largest listed GPU-specialist cloud; revenue up 168% in 2025
Best for: Large-scale AI model training and inference
CoreWeave rents GPU compute for AI training and inference. Revenue rose 168% to US$5.13 billion in 2025, from US$1.92 billion in 2024. The company was founded in September 2017 and launched its cloud platform in 2020. At the end of 2025 it operated 43 data centres with more than 850 MW of active power and had about 3.1 GW of contracted power. In 2025 OpenAI committed to pay up to about US$6.5 billion under a new order form, and Meta also signed a large commitment. CoreWeave had 2,189 employees and is headquartered in Livingston, New Jersey.
Services
- GPU compute clusters
- Managed Kubernetes for AI
- AI object storage
- Inference services
- Revenue (FY2025)
- US$5.13bn
- Employees
- 2,189 (31 Dec 2025)
- Headquarters
- Livingston, New Jersey, US
- Founded
- 2017
- Listed on
- Nasdaq (CRWV)
- Core services
- GPU cloud, managed Kubernetes, AI storage
- Ranking metric (US$)
- US$5.13bn
9
Cloud computing segment of privately held Huawei
Best for: Organisations in China, the Middle East, Africa and Latin America
Huawei reports Cloud Computing as a separate business segment. Its 2025 revenue was CNY32.16 billion, down 3.5% on 2024 and equal to about US$4.47 billion at this list's rate. The annual report adds that cloud-related revenue, including amounts recorded in other Huawei segments, was CNY72.08 billion. This list uses the segment figure because it is the one Huawei reports on the same basis as its other segments. Huawei is privately held. Group revenue was CNY880.94 billion.
Services
- Public cloud IaaS and PaaS
- AI computing
- Hybrid and industry cloud
- Revenue (FY2025, Cloud Computing segment)
- CNY32.16bn
- Revenue (US$ equivalent)
- US$4.47bn
- Listed on
- Not listed
- Core services
- Public cloud, AI computing, industry cloud
- Ranking metric (US$)
- US$4.47bn
10
Baidu's AI Cloud Infra business, disclosed separately since Q3 2025
Best for: Chinese enterprises using Baidu's AI models
Baidu introduced a new disclosure framework in the third quarter of 2025 that reports AI Cloud Infra as part of its AI-powered business. Revenue from AI Cloud Infra was RMB19.8 billion for 2025, up 34%, or about US$2.75 billion at this list's rate. Baidu says the figure comes from its internal management accounts and is unaudited. Subscription revenue from AI accelerator infrastructure rose 143% in the fourth quarter. Baidu is headquartered on the Baidu Campus in Haidian District, Beijing.
Services
- AI accelerator infrastructure
- Model development platform
- General cloud computing
- Industry AI solutions
- Revenue (FY2025, AI Cloud Infra, unaudited)
- RMB19.8bn
- Revenue (US$ equivalent)
- US$2.75bn
- Headquarters
- Beijing, China
- Listed on
- Nasdaq; Hong Kong Stock Exchange
- Core services
- AI infrastructure, model platform, cloud
- Ranking metric (US$)
- US$2.75bn
11
RT
Multicloud managed-services provider controlled by Apollo
Best for: Organisations outsourcing the running of AWS, Azure or private cloud
Rackspace Technology manages public-cloud estates on AWS, Azure and Google Cloud and runs its own private-cloud business. Revenue fell 1.9% to US$2.69 billion in 2025, with Public Cloud at US$1.70 billion and Private Cloud at US$0.99 billion. Both segments are cloud services, so the total is used here. Apollo beneficially owned about 53% of the voting power at the end of 2025. Rackspace is headquartered in San Antonio, Texas, and employed approximately 5,000 people in 22 countries.
Services
- Managed AWS, Azure and Google Cloud
- Private cloud and hosting
- Cloud migration
- Security services
- Revenue (FY2025)
- US$2.69bn
- Employees
- c. 5,000
- Headquarters
- San Antonio, Texas, US
- Listed on
- Nasdaq (RXT)
- Core services
- Managed public cloud, private cloud
- Ranking metric (US$)
- US$2.69bn
12
LC
LG group IT company whose AI and cloud business is nearly 60% of sales
Best for: Korean enterprises needing cloud and AI project delivery
LG CNS is the IT services arm of South Korea's LG group. It reported 2025 sales of KRW6.13 trillion and operating profit of KRW555.8 billion, according to coverage of its January 2026 results announcement. Sales in AI and cloud rose 7% to KRW3.59 trillion, about US$2.53 billion at this list's rate. LG CNS is an IT services company, so it is grouped here with managed cloud providers such as Rackspace rather than with the hyperscalers.
Services
- Cloud services
- AI services
- IT services for LG affiliates and other clients
- Revenue (FY2025, AI & Cloud)
- KRW3.59tn
- Revenue (US$ equivalent)
- US$2.53bn
- Listed on
- Korea Exchange
- Core services
- AI and cloud services, IT services
- Ranking metric (US$)
- US$2.53bn
13
Edge network and developer platform spanning more than 330 cities
Best for: Edge compute, application security and content delivery
Cloudflare runs a global network that provides security, performance and developer services, including serverless compute. Revenue grew 30% to US$2.17 billion in 2025. The company says its network spans more than 330 cities in over 125 countries and interconnects with over 13,000 networks. Cloudflare reports no separate cloud segment, but its whole business is delivered as a cloud service, so total revenue is used. It is headquartered in San Francisco and had 5,156 full-time employees at the end of 2025.
Services
- Application security and DDoS protection
- Serverless developer platform
- Zero-trust network access
- Content delivery
- Revenue (FY2025)
- US$2.17bn
- Employees
- 5,156 (31 Dec 2025)
- Headquarters
- San Francisco, California, US
- Listed on
- NYSE (NET)
- Core services
- Edge network, security, Workers platform
- Ranking metric (US$)
- US$2.17bn
14
Samsung group IT company running Samsung Cloud Platform
Best for: Samsung affiliates and Korean enterprises needing domestic cloud
Samsung SDS operates the Samsung Cloud Platform (SCP) alongside IT services and a logistics business. Its 2025 cloud business revenue grew 15.4% to KRW2.68 trillion, or about US$1.89 billion at this list's rate. The company attributes the growth to wider use of SCP and GPU-as-a-service after the spread of generative AI. Group revenue was KRW13.93 trillion, of which IT services contributed KRW6.54 trillion. Samsung SDS is part of the Samsung group and is headquartered in Seoul.
Services
- Samsung Cloud Platform
- GPU-as-a-service
- Managed cloud services
- Disaster-recovery and data-centre services
- Revenue (FY2025, cloud business)
- KRW2.68tn
- Revenue (US$ equivalent)
- US$1.89bn
- Listed on
- Korea Exchange
- Core services
- Samsung Cloud Platform, GPUaaS, MSP
- Ranking metric (US$)
- US$1.89bn
15
European web-hosting and cloud provider based in Karlsruhe and Berlin
Best for: European SMEs wanting hosting and sovereign cloud from one vendor
IONOS Group SE sells web hosting, domains, productivity tools and public-cloud services to small businesses and larger companies. Revenue from continuing operations rose 5.5% to €1,316.9 million in 2025, about US$1.49 billion at this list's rate, and the customer base grew to 6.63 million. In September 2025 the board put Sedo and the AdTech segment up for sale to focus on Web Presence & Productivity and Cloud Solutions. IONOS does not separate cloud from hosting revenue, so the continuing-operations total is used. It is based in Karlsruhe and Berlin and reported 4,115 employees for 2025.
Services
- Web hosting and domains
- Cloud servers and compute engine
- Managed Kubernetes
- Productivity and email tools
- Revenue (FY2025, continuing operations)
- €1,316.9m
- Revenue (US$ equivalent)
- US$1.49bn
- Employees
- 4,115 (2025)
- Headquarters
- Karlsruhe / Berlin, Germany
- Listed on
- Frankfurt Stock Exchange
- Core services
- Web hosting, cloud servers, sovereign cloud
- Ranking metric (US$)
- US$1.49bn
16
KC
Independent Chinese cloud provider backed by Kingsoft and Xiaomi
Best for: AI and internet companies in China, especially in the Xiaomi ecosystem
Kingsoft Cloud provides public cloud and enterprise cloud services in China. Total revenues were RMB9.56 billion in 2025, up from RMB7.79 billion, or about US$1.33 billion at this list's rate. Kingsoft Corporation beneficially owned 32.9% of the shares and Xiaomi 10.3% as of 31 March 2026. Xiaomi is also a significant customer: at the end of 2025 Kingsoft Cloud held RMB2.26 billion of advances from Xiaomi for public cloud services. The company is based in Haidian District, Beijing, and had 15,225 employees.
Services
- Public cloud compute and storage
- Enterprise cloud
- Revenue (FY2025)
- RMB9.56bn
- Revenue (US$ equivalent)
- US$1.33bn
- Employees
- 15,225 (31 Dec 2025)
- Headquarters
- Beijing, China
- Listed on
- Nasdaq; Hong Kong Stock Exchange
- Core services
- Public cloud, enterprise cloud
- Ranking metric (US$)
- US$1.33bn
17
French cloud provider that designs its own servers and data centres
Best for: European customers wanting predictable pricing and EU data residency
OVHcloud, founded in 1999, is a French company that builds its own servers and runs its own data centres. Its investor-relations page gives fiscal 2026 revenue of €1,145 million, about US$1.29 billion at this list's rate, and adjusted EBITDA of €480.5 million. The same page cites 46 data centres and 3,200 employees. The company says it operates more than 400,000 servers on four continents and serves customers in 140 countries with public and private cloud, bare-metal servers, shared hosting and domains.
Services
- Bare-metal servers
- Public cloud
- Hosted private cloud
- Web hosting and domains
- Revenue (FY2026, to 31 Aug 2026)
- €1,145m
- Revenue (US$ equivalent)
- US$1.29bn
- Employees
- 3,200
- Headquarters
- France
- Founded
- 1999
- Listed on
- Euronext Paris
- Core services
- Bare metal, public and private cloud, web hosting
- Ranking metric (US$)
- US$1.29bn
18
Developer-focused cloud for start-ups and smaller businesses
Best for: Start-ups and small teams that want simple pricing
DigitalOcean was founded in 2012 to offer developers a simpler, lower-cost cloud. Revenue grew 15% to US$901.4 million in 2025. Its infrastructure is offered across nine geographic regions, with leased data centres in the New York, San Francisco and Atlanta areas and in Australia, Canada, Germany, India, the Netherlands, Singapore and other countries; new US facilities are planned in Memphis, Richmond and Kansas City in 2026. DigitalOcean acquired Paperspace in 2023. It is headquartered in Broomfield, Colorado, and had 1,462 employees at the end of 2025.
Services
- Virtual machines (Droplets)
- Managed Kubernetes and databases
- GPU compute (Paperspace)
- Object storage
- Revenue (FY2025)
- US$901.4m
- Employees
- 1,462 (31 Dec 2025)
- Headquarters
- Broomfield, Colorado, US
- Founded
- 2012
- Listed on
- NYSE (DOCN)
- Core services
- Droplets, Kubernetes, GPU droplets
- Ranking metric (US$)
- US$901m
19
Akamai's cloud computing line, built on the acquired Linode platform
Best for: Distributed compute close to end users
Akamai Technologies reports three revenue lines: security, delivery and cloud computing. Cloud computing revenue grew 12% to US$708.1 million in 2025, out of total revenue of US$4.21 billion. The line is made up of Cloud Infrastructure Services (compute, storage, cloud-native and networking products and EdgeWorkers) plus other cloud applications. The compute platform is based on Linode, which Akamai acquired and has been integrating into its own network. Akamai is headquartered in Cambridge, Massachusetts, and had over 11,000 employees at the end of 2025.
Services
- Cloud compute (formerly Linode)
- Object and block storage
- EdgeWorkers serverless functions
- Managed Kubernetes
- Revenue (FY2025, cloud computing)
- US$708.1m
- Employees
- over 11,000 (group)
- Headquarters
- Cambridge, Massachusetts, US
- Listed on
- Nasdaq (AKAM)
- Core services
- Cloud compute, storage, edge functions
- Ranking metric (US$)
- US$708m
20
F
Programmable edge cloud for content delivery, security and compute
Best for: Media and e-commerce sites needing programmable caching
Fastly operates an edge cloud network used for content delivery, application security and edge compute. Revenue rose to US$624.0 million in 2025 from US$543.7 million in 2024. All of its revenue comes from cloud-delivered services, so the total is used. The company is headquartered in San Francisco and had 1,140 employees at the end of 2025, 258 of them outside the United States. Fastly competes most directly with Cloudflare and Akamai, which also appear in this list. Its 2025 revenue was a little under 30% of Cloudflare's.
Services
- Content delivery network
- Edge compute
- Application security
- Revenue (FY2025)
- US$624.0m
- Employees
- 1,140 (31 Dec 2025)
- Headquarters
- San Francisco, California, US
- Listed on
- NYSE (FSLY)
- Core services
- CDN, edge compute, web security
- Ranking metric (US$)
- US$624m
21
Amsterdam-based AI cloud; formerly Yandex N.V.
Best for: AI start-ups and labs needing GPU clusters in Europe or the US
Nebius Group, headquartered in Amsterdam, was called Yandex N.V. until August 2024, when it changed its name after divesting businesses that had made up more than 95% of group revenue. Its core business is a multi-tenant AI cloud with a significant presence in Europe and the United States. Revenue from the Nebius segment was US$480.3 million in 2025, while group revenue, including the TripleTen education business, was US$529.8 million. The list uses the Nebius segment. Late in 2025 the company signed long-term agreements with AI hyperscalers. Nebius had approximately 1,500 employees at the end of 2025.
Services
- GPU compute clusters
- Managed Kubernetes
- Object storage
- Revenue (FY2025, Nebius segment)
- US$480.3m
- Group revenue (FY2025)
- US$529.8m
- Employees
- c. 1,500
- Headquarters
- Amsterdam (Schiphol), Netherlands
- Listed on
- Nasdaq (NBIS)
- Core services
- GPU cloud, managed Kubernetes, object storage
- Ranking metric (US$)
- US$480m
22
Japanese cloud and GPU infrastructure provider with an Ishikari data centre
Best for: Japanese public-sector and AI users needing domestic infrastructure
SAKURA internet is a Japanese hosting and cloud company that has expanded into GPU infrastructure. Net sales were ¥35,301 million in the fiscal year to March 2026, up from ¥31,412 million, or about US$236 million at this list's rate. In the first half of the next fiscal year, sales rose 46.0%, which the company attributes mainly to GPU infrastructure services, and it continued to expand its Ishikari Data Center. The whole company's sales are counted because its business is hosting and cloud.
Services
- SAKURA Cloud IaaS
- GPU infrastructure services
- Dedicated servers and hosting
- Data-centre services
- Revenue (FY2026, to 31 Mar 2026)
- ¥35,301m
- Revenue (US$ equivalent)
- US$236m
- Listed on
- Tokyo Stock Exchange
- Core services
- Cloud, GPU infrastructure, hosting
- Ranking metric (US$)
- US$236m
23
Australian data-centre operator with a government and sovereign-cloud segment
Best for: Australian agencies needing sovereign, security-cleared cloud
Macquarie Technology Group runs data centres, a telecom business and a Cloud Services & Government segment that serves Australian government and enterprise customers. In the year to 30 June 2026 the cloud segment's revenue rose 11.2% to A$235.6 million, about US$152 million at this list's rate, and its EBITDA was A$55.9 million. Group revenue was A$390.0 million. Only the cloud segment is used for ranking. The Data Centres segment (A$87.0 million) and the Telecom segment (A$105.2 million) are excluded. The cloud segment's EBITDA margin was 23.7%.
Services
- Government and sovereign cloud
- Managed private cloud
- Data centres (separate segment)
- Telecom services (separate segment)
- Revenue (FY2026, Cloud Services & Government)
- A$235.6m
- Revenue (US$ equivalent)
- US$152m
- Listed on
- ASX
- Core services
- Sovereign cloud, managed services, data centres
- Ranking metric (US$)
- US$152m
24
Specialist cloud-storage provider with B2 object storage
Best for: Low-cost object storage and backup
Backblaze sells two services from one storage platform: B2 Cloud Storage, an object store, and Computer Backup. Revenue grew to US$145.8 million in 2025 from US$127.6 million. Backblaze is a storage specialist and does not offer general-purpose compute, so it competes with the hyperscalers' object-storage products rather than with their whole catalogue. The company is based in San Francisco and had approximately 320 full-time employees at the end of 2025. Its revenue grew about 14% in 2025.
- Revenue (FY2025)
- US$145.8m
- Employees
- c. 320
- Headquarters
- San Francisco, California, US
- Listed on
- Nasdaq (BLZE)
- Core services
- B2 Cloud Storage, Computer Backup
- Ranking metric (US$)
- US$146m
25
Former bitcoin miner turning its data centres into an AI cloud
Best for: Large GPU deployments for hyperscale and AI-lab customers
IREN Ltd, headquartered in Sydney, is converting bitcoin-mining capacity into AI cloud services and aims to substantially complete the transition by the end of 2026. In the fiscal year to 30 June 2026, AI Cloud Services revenue rose to US$128.8 million from US$16.4 million, while bitcoin mining still provided US$578.2 million. Only the AI cloud figure is used. Under a contract with Microsoft, IREN delivered its first tranche of capacity in August 2026, with later tranches targeted for the fourth quarter of 2026. IREN had 685 employees at 30 June 2026 and added about 580 through the Mirantis acquisition in August 2026.
Services
- Bare-metal GPU clusters
- Managed AI cloud
- Bitcoin mining (being wound down)
- Revenue (FY2026, AI Cloud Services)
- US$128.8m
- Total revenue (FY2026)
- US$707.0m
- Employees
- 685 (30 Jun 2026)
- Headquarters
- Sydney, Australia
- Listed on
- Nasdaq (IREN)
- Core services
- GPU cloud, bare metal
- Ranking metric (US$)
- US$129m
26
GPU cloud and AI data-centre company in New York
Best for: Mid-size GPU clusters on contract
WhiteFiber provides GPU cloud services for generative-AI workloads and also leases colocation capacity. It began offering cloud services in January 2024. Cloud services revenue grew 50.4% to US$68.8 million in 2025, out of total revenue of US$79.2 million. Only the cloud-services figure is used. The company gives its principal executive office as Hudson Yards, New York, and had 83 full-time employees at the end of 2025. Colocation services contributed a further US$8.9 million. WhiteFiber's cloud revenue was a little over half of IREN's AI cloud figure, the entry above it.
Services
- GPU cloud services
- AI data-centre colocation
- Revenue (FY2025, cloud services)
- US$68.8m
- Total revenue (FY2025)
- US$79.2m
- Employees
- 83 (31 Dec 2025)
- Headquarters
- New York, New York, US
- Listed on
- Nasdaq (WYFI)
- Core services
- GPU cloud, AI colocation
- Ranking metric (US$)
- US$69m
27
EN
NSE-listed Indian cloud and GPU provider
Best for: Indian customers needing domestic GPU capacity
E2E Networks is an Indian cloud provider listed on the National Stock Exchange. Revenue from operations was ₹2,456 million in the year to 31 March 2026, up 49.8%, or about US$28 million at this list's rate. Fourth-quarter revenue of ₹956 million was 186% above the prior year, which the company attributed to the scale-up of H200 GPU capacity. The company recorded a loss after tax of ₹156 million for the year. It is registered in New Delhi.
Services
- GPU cloud (H100 and H200)
- Cloud compute
- Revenue (FY2026, to 31 Mar 2026)
- ₹2,456m
- Revenue (US$ equivalent)
- US$28m
- Headquarters
- New Delhi, India
- Listed on
- National Stock Exchange of India
- Core services
- GPU cloud, cloud compute
- Ranking metric (US$)
- US$28m
28
Bitcoin miner building an on-demand GPU cloud
Best for: Small and mid-size GPU rental
HIVE Digital Technologies, incorporated in British Columbia with principal executive offices in San Antonio, Texas, mines bitcoin and has converted GPUs into an on-demand cloud for AI companies. Revenue from its HPC hosting operations was approximately US$19.5 million in the fiscal year to 31 March 2026, up from about US$10 million. The company said a later two-year contract for B200 GPUs at US$2.90 per hour raised HPC annual recurring revenue to US$35 million. HIVE reported 29 employees at 31 March 2026.
Services
- On-demand GPU cloud
- Bare-metal GPU contracts
- Bitcoin mining
- Revenue (FY2026, HPC hosting)
- c. US$19.5m
- Employees
- 29 (31 Mar 2026)
- Headquarters
- San Antonio, Texas, US
- Listed on
- Nasdaq
- Core services
- GPU cloud, bitcoin mining
- Ranking metric (US$)
- US$20m
29
Luxembourg-based edge, cloud and AI infrastructure provider
Best for: Low-latency inference and content delivery across many regions
Gcore was founded in Luxembourg in 2014 and is headquartered there. The company states that it has more than 210 points of presence on six continents and more than 50 cloud locations, the largest published cloud footprint in this group. Gcore is privately held and does not publish revenue. It says it has more than 600 team members. A cloud location may be a single site, so Gcore's count is not directly comparable with the regions published by Vultr or Tencent Cloud. It is used here only to order providers that do not publish revenue.
Services
- Edge cloud
- AI inference
- Content delivery and security
- Published footprint
- 50+ cloud locations; 210+ points of presence
- Employees
- 600+
- Headquarters
- Luxembourg
- Founded
- 2014
- Listed on
- Private
- Core services
- Edge cloud, AI, content delivery
30
Bare-metal and dedicated-server cloud with dozens of locations
Best for: Dedicated servers in many cities
Hivelocity sells bare-metal servers, private cloud and colocation. It states that it operates in more than 40 data centres across six continents. The company is privately held, publishes no revenue, and its about page gives neither founding year nor headquarters. Hivelocity counts data centres rather than regions, so its figure is not directly comparable with Vultr's region count. The published number is given as a minimum ("40+"), and the provider is placed second in this group on that basis. Its size relative to the other footprint-ranked providers cannot be judged from the published information.
Services
- Bare-metal servers
- Private cloud
- Colocation
- Published footprint
- 40+ data centres on 6 continents
- Listed on
- Private
- Core services
- Bare metal, private cloud, colocation
31
Privately held independent cloud with 33 regions
Best for: Developers wanting many regions and GPU options from one independent provider
Vultr is an independent cloud provider whose trademark belongs to The Constant Company, LLC. In May 2026 it opened Milan, Italy, as its 33rd cloud data-centre region and ninth in Europe. The company says its network reaches 90% of the world's population within 2–40 milliseconds and that more than 80 million cloud servers have been launched on it. Vultr publishes no revenue. Vultr's 33 regions compare with the nine geographic regions DigitalOcean reports in its annual report. DigitalOcean appears in the revenue-ranked group because, as a listed company, it reports its results.
- Published footprint
- 33 cloud data-centre regions
- Listed on
- Private
- Core services
- Cloud compute and GPUs
32
TC
Cloud arm of Tencent; international footprint of 25 regions
Best for: Gaming, media and companies serving users in China and Asia
Tencent Cloud is the cloud business of Tencent Holdings. Tencent does not publish a separate cloud revenue figure, so Tencent Cloud is placed in this group. Tencent Cloud International states that it operates 70 availability zones across 25 regions. Its content-delivery network has more than 900 cache nodes outside mainland China in more than 70 countries and regions, and more than 2,300 nodes inside mainland China. The 25 regions describe Tencent Cloud International's published footprint. The parent company's results do not show how its cloud revenue compares with Alibaba's or Huawei's.
Services
- Cloud compute and storage
- Content delivery network
- Published footprint
- 25 regions, 70 availability zones
- Listed on
- Parent Tencent Holdings listed in Hong Kong
- Core services
- Cloud compute, CDN
33
Bare-metal and GPU cloud with 25 locations on five continents
Best for: Single-tenant servers and GPUs without hypervisor overhead
Latitude.sh provisions dedicated physical servers and GPUs through a dashboard, API or Terraform. The company states that it has 25 locations across five continents on its own carrier-grade network and that GPU servers can be deployed across 26 regions. It is privately held and publishes no revenue. Tencent Cloud, which also publishes 25 regions, is placed above it because Tencent also publishes 70 availability zones. Logos shown on its home page include Together AI, Baseten and Modal. Like Vultr, it publishes a large number of locations but no revenue.
Services
- Bare-metal servers
- Dedicated GPU servers
- Private networking
- Terraform and API provisioning
- Published footprint
- 25 locations on 5 continents
- Listed on
- Private
- Core services
- Bare metal, dedicated GPUs
34
IBM's public cloud, focused on regulated and hybrid workloads
Best for: Organisations already using IBM software in hybrid estates
IBM describes hybrid cloud and AI as the centre of its strategy, but does not report a separate revenue figure for IBM Cloud, so it is placed in this group. IBM's documentation lists nine multizone regions (Dallas, Washington DC, São Paulo, Toronto, Frankfurt, London, Madrid, Sydney and Tokyo) and four single-campus multizone regions (Chennai, Montreal, Mumbai and Osaka). The same documentation also lists IBM's classic data centres in the Americas, Europe and Asia Pacific, which sit outside the multizone regions. Only the 13 multizone regions are counted here.
Services
- Virtual servers and bare metal
- Multizone regions
- Classic data centres
- Published footprint
- 13 multizone regions (9 multi-campus, 4 single-campus)
- Listed on
- Parent IBM listed on NYSE
- Core services
- IaaS and hybrid cloud
35
German budget VPS and dedicated-server provider
Best for: Cost-sensitive users needing large VPS instances
Contabo, operated by Contabo GmbH, sells low-cost virtual private servers, cloud VPS and dedicated servers. Its locations page states "9 Regions, 11 Locations", with five facilities in Germany, three US regions (New York, Seattle and St. Louis) and sites in Portsmouth, Singapore, Tokyo, Sydney and India. The company is private and publishes no revenue. Contabo treats Germany as one "European Union" region with five facilities, which is why its region and location counts differ. The India site is described as the newest, and its city is not named. The company is placed on its 11 locations.
Services
- Virtual private servers
- Dedicated servers
- Object storage
- Published footprint
- 9 regions, 11 locations
- Listed on
- Private
- Core services
- VPS, cloud VPS, dedicated servers
36
Florida-based cloud and hosting provider operating since 1994
Best for: Long-established hosting with US, Canadian, UK and Singapore sites
Atlantic.Net has operated since 1994 and describes itself as one of the original cloud and hosting providers. It states that it runs eight data centres, in New York, London, San Francisco, Singapore, Toronto, Dallas, Ashburn and Orlando. It is privately held and publishes no revenue. Its published timeline begins with internet access in Florida, which it launched commercially in 1995. It extended service to Tampa and Orlando in 1996 and launched a managed hosting service in 2009. Today its business is cloud and dedicated hosting.
Services
- Cloud servers
- Dedicated servers
- Managed hosting
- Published footprint
- 8 data centres
- Founded
- 1994
- Listed on
- Private
- Core services
- Cloud servers, compliant hosting
37
Swiss-founded European cloud, part of A1 Digital
Best for: Central and Eastern European customers needing EU or Swiss hosting
Exoscale is a European cloud provider with its address in Lausanne, Switzerland, and is a member of A1 Digital. It lists eight operating zones in Frankfurt, Munich, Vienna (two), Geneva, Zurich, Sofia and Zagreb, and a ninth, Madrid, as upcoming. Exoscale publishes no separate revenue. Two of its zones are in Vienna, one of them in the A1 Next Generation Data Center, and two are in Switzerland. It is the only provider in this list with zones in Bulgaria and Croatia. Exoscale is placed after Atlantic.Net, which also publishes eight sites, by alphabetical order.
Services
- Compute instances
- Kubernetes
- Object storage
- Published footprint
- 8 zones (9th upcoming)
- Headquarters
- Lausanne, Switzerland
- Listed on
- Private (A1 Group)
- Core services
- Compute, Kubernetes, object storage
38
Sovereign cloud of the Schwarz Group
Best for: German and European organisations prioritising data sovereignty
STACKIT is the cloud provider of the Schwarz Group and is operated by Schwarz Digits Cloud GmbH & Co. KG, part of the group's IT and digital division. Customers named on its site include Lidl, Kaufland and FC Bayern. STACKIT states that it operates seven data centres in Europe, with more under construction. Its legal address is in Bad Friedrichshall, near Neckarsulm, Germany. Unlike Hetzner and Contabo, STACKIT does not name the locations of its data centres on its home page.
Services
- Compute and storage
- Platform services
- AI services
- Published footprint
- 7 data centres in Europe
- Headquarters
- Bad Friedrichshall, Germany
- Listed on
- Private (Schwarz Group)
- Core services
- Sovereign IaaS and PaaS
39
Low-cost German hosting and cloud provider
Best for: Price-sensitive developers and European hosting
Hetzner Online GmbH, based in Gunzenhausen, Germany, provides dedicated servers, cloud servers and colocation. It lists six data-centre locations: data-centre parks in Nuremberg and Falkenstein, and data centres in Helsinki, Ashburn, Hillsboro and Singapore. Hetzner is privately held and publishes no revenue on its website. Two of the six sites are multi-building data-centre parks in Germany. The other four are single data centres in Finland, the United States (two) and Singapore. Its six locations span three continents, from Nuremberg to Hillsboro, Oregon.
Services
- Cloud servers
- Dedicated servers
- Colocation
- Published footprint
- 6 data-centre locations
- Headquarters
- Gunzenhausen, Germany
- Listed on
- Private
- Core services
- Cloud servers, dedicated servers, colocation
40
G42's sovereign cloud and AI infrastructure company
Best for: Sovereign cloud and AI capacity
Core42 is a G42 company that provides sovereign cloud and AI infrastructure. It states that it operates in more than five global regions and has more than 1,100 AI and cloud specialists. Core42 publishes no revenue. It is placed above Civo, which also lists five regions, because it also publishes a headcount. Its figure of more than 1,100 AI and cloud experts is the largest headcount published by any provider in this group. The regions are not named on the page consulted.
Services
- Sovereign cloud
- AI infrastructure
- Published footprint
- 5+ global regions
- Employees
- 1,100+ AI and cloud experts
- Listed on
- Private (G42)
- Core services
- Sovereign cloud, AI compute
41
UK-based Kubernetes-focused cloud
Best for: Fast Kubernetes clusters for developers
Civo is a cloud provider built around managed Kubernetes, with offices in London, Bengaluru, Austin and Hamburg. Its documentation lists five regions: London (LON1), Frankfurt (FRA1), New York (NYC1), Mumbai (MUM1) and Jakarta (JKT1). Civo publishes no revenue. The regions cover the United Kingdom, Germany, the United States, India and Indonesia. Customer logos on its about page include Mercedes-Benz and the University of Oxford. Civo publishes neither revenue nor headcount, so its position reflects only its region count. Core42, which also publishes five-plus regions, is placed above it because it also publishes a headcount.
Services
- Managed Kubernetes
- Compute instances
- Published footprint
- 5 regions
- Offices
- London, Bengaluru, Austin, Hamburg
- Listed on
- Private
- Core services
- Managed Kubernetes, compute, GPUs
42
British AI cloud building GPU capacity in Norway, the UK and the US
Best for: AI training capacity in Norway and the UK
Nscale is a UK-based AI cloud provider. Its website lists four Nscale data centres (Glomfjord, Narvik, Loughton and Texas), seven partner-run sites and one further available site, 12 in total. Only its own four sites are counted here. Nscale is privately held and publishes no revenue. Its seven partner-run sites are in Sines, Keflavik, Stavanger, Oslo, Blönduós, Hayes and North Carolina, and a further site in West Virginia is listed as available. The four sites it runs itself are in Norway, the United Kingdom and Texas.
Services
- GPU clusters
- AI inference
- Data-centre development
- Published footprint
- 4 own data centres; 12 sites including partners
- Listed on
- Private
- Core services
- GPU cloud, AI data centres
43
French cloud provider owned by the iliad group
Best for: European start-ups and AI teams wanting an EU-owned provider
Scaleway is a subsidiary of the iliad group and has its registered office in Paris. It currently operates in France, Poland, Italy and the Netherlands, with deployments planned in Sweden and Germany, and opened its Italian region in March 2026. It offers more than 100 cloud and AI products, including GPU instances and quantum-as-a-service. iliad publishes no separate Scaleway revenue. Its Dedibox brand advertises VPS in 60 locations worldwide, but that figure covers a hosting product rather than cloud regions and is not used here.
Services
- Cloud and AI products (100+)
- GPU instances
- Dedibox dedicated servers
- Quantum-as-a-service
- Published footprint
- Operates in 4 countries
- Headquarters
- Paris, France
- Listed on
- Private (iliad group)
- Core services
- Cloud, AI and quantum products
44
Deutsche Telekom's public cloud, formerly Open Telekom Cloud
Best for: European public-sector and regulated workloads
T Cloud Public is the public cloud of Deutsche Telekom, operated by T-Systems International. It was called Open Telekom Cloud until January 2026. It runs its regions only in Europe: a twin-core region in Biere and Magdeburg in Germany, further regions in the Netherlands and offerings in Switzerland. Named reference customers include the European Space Agency, Swiss Federal Railways and Creditreform. Deutsche Telekom publishes no separate revenue for it. Because no revenue is published for it, it is ranked on footprint, and it is placed last because it publishes countries rather than a count of regions or sites.
Services
- Public cloud IaaS
- Sovereign cloud regions in Germany and the Netherlands
- Published footprint
- Regions in 3 countries
- Listed on
- Private (Deutsche Telekom group)
- Core services
- Sovereign public cloud
Alternatives by use case
General-purpose enterprise workloads: Microsoft Azure, Amazon Web Services and Google Cloud have the widest service catalogues and the most regions. Oracle Cloud Infrastructure suits organisations already running Oracle databases.
AI training and inference capacity: CoreWeave, Nebius, IREN, WhiteFiber, Nscale and HIVE rent GPU clusters. Vultr, Latitude.sh, Gcore and Civo also offer GPUs alongside general compute.
European data residency: OVHcloud, IONOS, Scaleway, STACKIT, Exoscale, Hetzner and T Cloud Public are European-owned and run European regions.
China: Alibaba Cloud, China Telecom Cloud, China Mobile Cloud, Huawei Cloud, Baidu AI Cloud, Tencent Cloud and Kingsoft Cloud.
Developers and small businesses: DigitalOcean, Vultr, Hetzner, Contabo and Civo offer simple, published pricing.
Managed operation of someone else's cloud: Rackspace Technology, LG CNS and Samsung SDS run migrations and day-to-day operations.
Edge compute and delivery: Cloudflare, Fastly, Akamai Cloud and Gcore.
Frequently asked questions
Who is the largest cloud service provider in 2026?
By reported revenue, Microsoft's Intelligent Cloud segment was the largest, at US$137.79 billion for the fiscal year to June 2026. Amazon Web Services followed with US$128.73 billion for calendar 2025. The two figures are not strictly comparable: Microsoft's segment includes server software licences, while AWS sales are cloud services only.
What are the top 3 cloud service providers?
Measured by reported cloud revenue, the three largest are Microsoft (Intelligent Cloud, US$137.79 billion), Amazon Web Services (US$128.73 billion) and Google Cloud (US$58.71 billion). Alibaba Cloud ranks fourth at about US$22.0 billion, and Oracle Cloud Infrastructure fifth at US$18.10 billion. Together the top three report more cloud revenue than all the other ranked providers combined.
Which is the largest cloud provider in China?
Alibaba's Cloud Intelligence Group reported RMB158.13 billion of revenue in the year to March 2026, the largest cloud figure published by a Chinese company. China Telecom Cloud followed with RMB120.7 billion for 2025. China Telecom cites IDC data placing it second in China's public-cloud IaaS market. Huawei, Baidu, Tencent, China Mobile and Kingsoft Cloud are the other major domestic providers.
What is the largest European cloud provider?
Among European-headquartered providers that publish revenue, IONOS reported €1,316.9 million from continuing operations in 2025, though this includes web hosting. OVHcloud reported €1,145 million for fiscal 2026 and operates 46 data centres. Privately held providers such as Hetzner, Scaleway (iliad) and STACKIT (Schwarz Group) publish no cloud revenue, so their size cannot be compared directly.
What is a neocloud or GPU cloud?
A neocloud is a provider that specialises in renting GPU accelerators for AI training and inference rather than offering a full catalogue of cloud services. CoreWeave is the largest listed example, with 2025 revenue of US$5.13 billion and 43 data centres. Others in this list include Nebius, IREN, WhiteFiber, Nscale and HIVE. Many of them sell large multi-year contracts to AI labs and hyperscalers.
How is cloud revenue compared across companies?
Companies define cloud differently. Microsoft includes server licences, Google includes Workspace, Oracle separates infrastructure from applications, and China Mobile reports computing services including data centres. This list uses each company's own reported cloud figure, converts it at Federal Reserve 2025 average exchange rates, and notes the definition in each entry. Small gaps between neighbouring ranks should not be over-interpreted.
Why are some well-known cloud providers missing from the ranking?
Entries needed either reported cloud revenue or a published location count that could be checked. Private companies such as Lambda, Crusoe, Volcano Engine, Together AI, Leaseweb and UpCloud did not publish a usable figure on pages consulted in November 2026, so they were left out rather than estimated. China Unicom reports only the growth rate of its cloud revenue.
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