IT Services & Outsourcing

Top 44 Cloud Service Providers: 2026 Edition

The top cloud service providers of 2026, ranked by reported cloud revenue from filings, then by published regions and data centres where no revenue is disclosed.

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
  1. Overview
  2. Market context
  3. How the ranking was built
  4. Methodology
  5. The list
  6. Full ranking table
  7. By country
  8. Notable changes in 2026
  9. Alternatives by use case
  10. Frequently asked questions
  11. See also

At a glance

  1. Microsoft (Azure / Intelligent Cloud) — Enterprises standardised on Microsoft software and identity
  2. Amazon Web Services — Broadest catalogue of infrastructure and managed services
  3. Google Cloud — Data analytics, AI models and Kubernetes-centred workloads
  4. Alibaba Cloud — Businesses operating in mainland China and Asia
  5. Oracle Cloud Infrastructure — Oracle database workloads and large AI training contracts
  6. China Telecom Cloud (Tianyi Cloud) — Government and state-owned enterprise workloads in China
  7. China Mobile Cloud — Enterprises already buying connectivity from China Mobile
  8. CoreWeave — Large-scale AI model training and inference
  9. Huawei Cloud — Organisations in China, the Middle East, Africa and Latin America
  10. Baidu AI Cloud — Chinese enterprises using Baidu's AI models
  11. Rackspace Technology — Organisations outsourcing the running of AWS, Azure or private cloud
  12. LG CNS — Korean enterprises needing cloud and AI project delivery
  13. Cloudflare — Edge compute, application security and content delivery
  14. Samsung SDS — Samsung affiliates and Korean enterprises needing domestic cloud
  15. IONOS — European SMEs wanting hosting and sovereign cloud from one vendor
  16. Kingsoft Cloud — AI and internet companies in China, especially in the Xiaomi ecosystem
  17. OVHcloud — European customers wanting predictable pricing and EU data residency
  18. DigitalOcean — Start-ups and small teams that want simple pricing
  19. Akamai Cloud — Distributed compute close to end users
  20. Fastly — Media and e-commerce sites needing programmable caching
  21. Nebius — AI start-ups and labs needing GPU clusters in Europe or the US
  22. SAKURA internet — Japanese public-sector and AI users needing domestic infrastructure
  23. Macquarie Technology Group — Australian agencies needing sovereign, security-cleared cloud
  24. Backblaze — Low-cost object storage and backup
  25. IREN — Large GPU deployments for hyperscale and AI-lab customers
  26. WhiteFiber — Mid-size GPU clusters on contract
  27. E2E Networks — Indian customers needing domestic GPU capacity
  28. HIVE Digital Technologies — Small and mid-size GPU rental
  29. Gcore — Low-latency inference and content delivery across many regions
  30. Hivelocity — Dedicated servers in many cities
  31. Vultr — Developers wanting many regions and GPU options from one independent provider
  32. Tencent Cloud — Gaming, media and companies serving users in China and Asia
  33. Latitude.sh — Single-tenant servers and GPUs without hypervisor overhead
  34. IBM Cloud — Organisations already using IBM software in hybrid estates
  35. Contabo — Cost-sensitive users needing large VPS instances
  36. Atlantic.Net — Long-established hosting with US, Canadian, UK and Singapore sites
  37. Exoscale — Central and Eastern European customers needing EU or Swiss hosting
  38. STACKIT — German and European organisations prioritising data sovereignty
  39. Hetzner — Price-sensitive developers and European hosting
  40. Core42 — Sovereign cloud and AI capacity
  41. Civo — Fast Kubernetes clusters for developers
  42. Nscale — AI training capacity in Norway and the UK
  43. Scaleway — European start-ups and AI teams wanting an EU-owned provider
  44. 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

Microsoft (Azure / Intelligent Cloud)

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 Web Services

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

Google Cloud

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

Alibaba Cloud

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

Oracle Cloud Infrastructure

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

China Telecom Cloud (Tianyi Cloud)

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

China Mobile Cloud

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

CoreWeave

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

Huawei Cloud

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 AI Cloud

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

Rackspace Technology

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

LG CNS

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

Cloudflare

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 SDS

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

IONOS

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

Kingsoft Cloud

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

OVHcloud

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

DigitalOcean

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 Cloud

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

Fastly

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

Nebius

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

SAKURA internet

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

Macquarie Technology Group

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

Backblaze

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.

Services

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

IREN

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

WhiteFiber

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

E2E Networks

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

HIVE Digital Technologies

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

Gcore

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

Hivelocity

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

Vultr

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.

Services

  • Cloud compute
  • Cloud GPUs
Published footprint
33 cloud data-centre regions
Listed on
Private
Core services
Cloud compute and GPUs
32

Tencent Cloud

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

Latitude.sh

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 Cloud

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

Contabo

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

Atlantic.Net

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

Exoscale

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

STACKIT

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

Hetzner

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

Core42

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

Civo

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

Nscale

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

Scaleway

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

T Cloud Public

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

Full ranking table

RankProviderHQ countryCloud revenue (US$) / published footprintFiscal yearEmployees
1Microsoft (Azure / Intelligent Cloud)United StatesUS$137.79bnFY2026 (Jun)c. 223,000 (group)
2Amazon Web ServicesUnited StatesUS$128.72bnFY20251,576,000 (group)
3Google CloudUnited StatesUS$58.70bnFY2025190,820 (group)
4Alibaba CloudChinaUS$22.00bnFY2026 (Mar)–
5Oracle Cloud InfrastructureUnited StatesUS$18.10bnFY2026 (May)c. 141,000 (group)
6China Telecom Cloud (Tianyi Cloud)ChinaUS$16.79bnFY2025–
7China Mobile CloudChinaUS$12.49bnFY2025–
8CoreWeaveUnited StatesUS$5.13bnFY20252,189
9Huawei CloudChinaUS$4.47bnFY2025–
10Baidu AI CloudChinaUS$2.75bnFY2025–
11Rackspace TechnologyUnited StatesUS$2.69bnFY2025c. 5,000
12LG CNSSouth KoreaUS$2.53bnFY2025–
13CloudflareUnited StatesUS$2.17bnFY20255,156
14Samsung SDSSouth KoreaUS$1.89bnFY2025–
15IONOSGermanyUS$1.49bnFY20254,115
16Kingsoft CloudChinaUS$1.33bnFY202515,225
17OVHcloudFranceUS$1.29bnFY2026 (Aug)3,200
18DigitalOceanUnited StatesUS$901mFY20251,462
19Akamai CloudUnited StatesUS$708mFY2025over 11,000 (group)
20FastlyUnited StatesUS$624mFY20251,140
21NebiusNetherlandsUS$480mFY2025c. 1,500
22SAKURA internetJapanUS$236mFY2026 (Mar)–
23Macquarie Technology GroupAustraliaUS$152mFY2026 (Jun)–
24BackblazeUnited StatesUS$146mFY2025c. 320
25IRENAustraliaUS$129mFY2026 (Jun)685
26WhiteFiberUnited StatesUS$69mFY202583
27E2E NetworksIndiaUS$28mFY2026 (Mar)–
28HIVE Digital TechnologiesUnited StatesUS$20mFY2026 (Mar)29
29GcoreLuxembourg50+ cloud locationsn/a–
30HivelocityHQ not published40+ data centresn/a–
31VultrUnited States33 regionsn/a–
32Tencent CloudChina25 regionsn/a–
33Latitude.shHQ not published25 locationsn/a–
34IBM CloudUnited States13 regionsn/a–
35ContaboGermany11 locationsn/a–
36Atlantic.NetUnited States8 data centresn/a–
37ExoscaleSwitzerland8 zonesn/a–
38STACKITGermany7 data centresn/a–
39HetznerGermany6 locationsn/a–
40Core42United Arab Emirates5+ regionsn/a–
41CivoUnited Kingdom5 regionsn/a–
42NscaleUnited Kingdom4 own data centresn/a–
43ScalewayFrance4 countriesn/a–
44T Cloud PublicGermany3 countriesn/a–

Ranks 1–28: reported cloud revenue, converted at Federal Reserve 2025 averages. Ranks 29–44: no cloud revenue published; ordered by published locations. Employee counts are as published and are group-wide where marked.

By country

CountryRevenue-ranked entriesFootprint-ranked entriesCombined cloud revenue of ranked entries (US$)Providers
United States133US$355.77bnMicrosoft, Amazon Web Services, Google Cloud, Oracle Cloud Infrastructure, CoreWeave, Rackspace Technology, Cloudflare, DigitalOcean, Akamai Cloud, Fastly, Backblaze, WhiteFiber, HIVE Digital Technologies, Vultr, IBM Cloud, Atlantic.Net
China61US$59.85bnAlibaba Cloud, China Telecom Cloud, China Mobile Cloud, Huawei Cloud, Baidu AI Cloud, Kingsoft Cloud, Tencent Cloud
South Korea20US$4.41bnLG CNS, Samsung SDS
Germany14US$1.49bnIONOS, Contabo, STACKIT, Hetzner, T Cloud Public
France11US$1.29bnOVHcloud, Scaleway
Netherlands10US$480mNebius
Australia20US$281mMacquarie Technology Group, IREN
Japan10US$236mSAKURA internet
India10US$28mE2E Networks
HQ not published02–Hivelocity, Latitude.sh
United Kingdom02–Civo, Nscale
Luxembourg01–Gcore
Switzerland01–Exoscale
United Arab Emirates01–Core42

The United States accounts for most of the ranked revenue, largely through Microsoft, AWS, Google and Oracle. China is second, with Alibaba, the two state telecom clouds, Huawei, Baidu and Kingsoft. Germany has the most providers in the footprint-ranked group.

Notable changes in 2026

  • January 2026: Deutsche Telekom renamed Open Telekom Cloud as T Cloud Public, the public-cloud part of its T Cloud portfolio.
  • January 2026: Samsung SDS reported 15.4% growth in cloud revenue for 2025, driven by Samsung Cloud Platform and GPU-as-a-service.
  • February 2026: Baidu reported AI Cloud Infra revenue of about RMB20 billion for 2025 under the disclosure framework it introduced in the third quarter of 2025.
  • March 2026: Scaleway opened a cloud region in Italy. China Telecom reported China Telecom Cloud revenue of RMB120.7 billion.
  • May 2026: Vultr opened Milan as its 33rd cloud region. Alibaba's Cloud Intelligence Group closed fiscal 2026 with 34% revenue growth.
  • June 2026: Oracle closed fiscal 2026 with cloud infrastructure revenue up 77% and remaining performance obligations of US$638 billion. Crusoe said its contracted AI infrastructure capacity was approaching 5 GW.
  • July 2026: Microsoft reported that Azure revenue had passed US$100 billion in fiscal 2026.
  • August 2026: IREN delivered its first tranche of capacity to Microsoft and acquired Mirantis, adding about 580 staff. Macquarie Technology reported 11.2% growth in its cloud segment.
  • Fiscal 2026 (to August): OVHcloud reported revenue of €1,145 million.

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.

See also

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