Alphabet Inc.’s Google is close to winning PayPal Holdings Inc. as a client for its cloud business, potentially beating out Amazon.com Inc. and Microsoft Corp., CNBC reported on Tuesday.
While Google is the front-runner, the online payments processor is evaluating the other providers and hasn’t made any decision yet, CNBC reported, citing people familiar with the matter.
However, PayPal may not move its technology infrastructure in the fourth quarter, the peak period for online commerce, CNBC said.
PayPal has some existing business with Amazon Web Services, according to the CNBC report.
Google has been trying to beef up its presence in cloud computing, a market dominated by Amazon and Microsoft.
Google landed Home Depot Inc. as a client in March, highlighting the momentum its cloud business has gained under the leadership of Diane Greene, a co-founder of VMWare Inc. Greene joined Google late last year.
Google also counts popular messaging app Snapchat and the world’s biggest paid music streaming service, Spotify, as clients.
Overall, Google was the No. 4 player in cloud infrastructure services last year with a 4 percent market share, according to Synergy Research.
Amazon’s AWS cornered 31 percent of the market, while Microsoft’s Azure had 9 percent and IBM 7 percent.
Google, PayPal, Amazon did not respond immediately to a request for comment. Microsoft declined to comment on the report.
(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty)
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more