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Charted: The Largest Pure Play Cloud Computing Companies

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Biggest Pure Play Cloud Computing Companies

The Largest Pure Play Cloud Computing Companies

The global cloud computing market size was valued at $569 billion in 2022 and is projected to grow to $2.4 trillion by 2030.

This graphic lists the largest pure play cloud computing companies by market cap and annual return, based on data as of November 30, 2023 from Syntax.

A pure play company concentrates all its efforts on a single line of business, and in this context, it’s cloud computing. Notably, tech giants like Google, Microsoft Corporation, and Amazon are excluded from our list due to their diversified business focuses.

Photo Storage to Streaming

Cloud computing is the technique of processing, storing, and managing data on a network of remote computers hosted on the internet rather than on a personal computer or local server.

It is used by regular people for storing photos or documents and even for watching movies or listening to music on platforms like Netflix or Spotify. It is also essential for companies to store information.

While all the companies listed here provide direct exposure to the market, each has a unique business model and target.

CompanyStock TickerMarket Cap ($B)1-Yr Annual Return (%)
EquinixEQIX$76B20.5%
Arista NetworksANET$68B64.0%
Digital Realty TrustDLR$42B27.1%
DatadogDDOG$35B61.9%
VerisignVRSN$22B8.6%
Pure StoragePSTG$12B28.8%
DropboxDBX$7B24.6%
BoxBOX$4B-4.6%

At the top of the list is Equinix, headquartered in California, which specializes in internet connections and data centers. The company is a leader in the global colocation data center market share, with 248 data centers in 31 countries. It also boasts the largest global cloud ecosystem in the market.

Following Equinix is another Silicon Valley company, Arista Networks, which designs and sells multilayer network switches for use in large-scale data centers, competing with companies such as Cisco Systems and Hewlett Packard Enterprise.

Despite not being widely known among the general audience, pure play cloud computing companies can also be good investment options, with most of their stocks demonstrating solid double-digit annual returns.

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Visualizing AI Patents by Country

See which countries have been granted the most AI patents each year, from 2012 to 2022.

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Visualizing AI Patents by Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This infographic shows the number of AI-related patents granted each year from 2010 to 2022 (latest data available). These figures come from the Center for Security and Emerging Technology (CSET), accessed via Stanford University’s 2024 AI Index Report.

From this data, we can see that China first overtook the U.S. in 2013. Since then, the country has seen enormous growth in the number of AI patents granted each year.

YearChinaEU and UKU.S.RoWGlobal Total
20103071379845711,999
20115161299805812,206
20129261129506602,648
20131,035919706272,723
20141,278971,0786673,120
20151,7211101,1355393,505
20161,6211281,2987143,761
20172,4281441,4891,0755,136
20184,7411551,6741,5748,144
20199,5303223,2112,72015,783
202013,0714065,4414,45523,373
202121,9076238,2197,51938,268
202235,3151,17312,07713,69962,264

In 2022, China was granted more patents than every other country combined.

While this suggests that the country is very active in researching the field of artificial intelligence, it doesn’t necessarily mean that China is the farthest in terms of capability.

Key Facts About AI Patents

According to CSET, AI patents relate to mathematical relationships and algorithms, which are considered abstract ideas under patent law. They can also have different meaning, depending on where they are filed.

In the U.S., AI patenting is concentrated amongst large companies including IBM, Microsoft, and Google. On the other hand, AI patenting in China is more distributed across government organizations, universities, and tech firms (e.g. Tencent).

In terms of focus area, China’s patents are typically related to computer vision, a field of AI that enables computers and systems to interpret visual data and inputs. Meanwhile America’s efforts are more evenly distributed across research fields.

Learn More About AI From Visual Capitalist

If you want to see more data visualizations on artificial intelligence, check out this graphic that shows which job departments will be impacted by AI the most.

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