IBM has been ranked as the top cloud provider for the fourth quarter of 2014 in Synergy Research Group’s report.
IBM has also maintained its position as the no.1 hybrid and private cloud provider for the enterprise.
The research group says IBM Cloud is driving growth through extensive gains with significant enterprise recent client engagements in specific areas such as Infrastructure-as-a-Service, Platform-as-a-Service, hybrid and private cloud.
Enterprises in industries ranging from healthcare, communication services transportation turn to IBM to tap new opportunities with cloud.
In 2014, IBM reached $7 billion in cloud revenue and significantly expanded its cloud initiatives.
The company has invested more than 1.2 billion to expand its global footprint in 40 cloud centers to every major financial market around the world.
IBM invested $1 billion to develop Bluemix platform as a service to help developers and clients create cloud applications for the advancing hybrid cloud
IBM signed more than $4 billion in multi-year enterprise cloud agreements with Lufthansa, WPP, Thomson Reuters and ABN Amro.
The company also formed strategic agreements with SAP, Microsoft, TenCent, AT&T and Intel who are leading with IBM’s Cloud.
IBM now has more than 120 SaaS offerings, IBM Cloud supports 47 of the top 50 Fortune 500 companies.