Microsoft emerges as the largest company in cloud services market, tbrc report (companies: microsoft, amazon, international business machines corporation, nippon telegraph and telephone corp, google)

ABN Newswire is a press release distribution service. On April 10, 2019, it released an article on the cloud services market, sourced from TBRC`S cloud services market report.With growth and technological advances in the cloud industry, demand is growing for a multi-cloud model. In 2018, the multi-cloud adoption rate rose to 81% among enterprises, while the adoption rate of hybrid cloud declined from 58% in 2017 to 51% in 2018. Multi-cloud solutions provide enterprises with the flexibility to innovate at speed as the solutions are not tied to one provider. The use of multi-cloud solutions also helps minimize costs of data storage by providing an option of shifting operational data to the cheapest cloud service provider whenever there is a change in price.

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