India, Nov. 18 -- As 2021 gets underway, Forrester predicts that the cloud market is poised to achieve new heights in the new year. The IT market research firm predicts that the global public cloud infrastructure market will grow 35% to $120 billion in 2021 and that Alibaba Cloud will take the No. 3 revenue spot globally, after Amazon Web Services (AWS) and Microsoft Azure.

Public cloud revenue will return to hypergrowth as the cloud powers the pandemic recovery, said Dave Bartoletti, a Forrester vice president and principal analyst focusing on infrastructure and operations. He noted that all cloud providers are experiencing tremendous growth that will likely continue well into 2021. "COVID proved the value of cloud and, indeed, we could...