There are four A players in the IaaS / PaaS hyperscale cloud services space. AWS, Azure, Alibaba and Alphabet. In our view, these four have the resources, momentum and stamina to outperform all others...indefinitely. Combined, we believe these companies will generate more than $115B in 2021 IaaS and Paas revenue. That’s a substantial chunk of market opportunity that is growing in the mid 30% range this year.