Amazon.com, Inc. AMZN‘s AWS and Microsoft Corporation MSFT‘s Azure get most of the headlines when it comes to cloud computing these days. But a new report by Deutsche Bank’s Karl Kierstead focuses on Alphabet Inc GOOGL‘s GCP platform.

According to Kierstead, Google has recently expressed its desire to ramp-up its GCP business, which Deutsche Bank currently sees as a distant third-place competitor in the cloud space.

In a direct comparison to AWS and Azure, Deutsche Bank found that GCP’s technology is surprisingly competitive.

“We were positively surprised by the following: nearly every check highlighted the strong technical prowess of GCP’s best-in-class infrastructure, the App Engine software development platform or PaaS is a larger portion of GCP revenues and usage than most investors think, the core Compute Engine infrastructure was hailed by customers as being close to functional parity with AWS EC2/S3, GCP’s ‘data science’ services were highly-regarded and GCP was viewed as having ‘friendlier’ pricing structure,” Kierstead explains.

In a nutshell, Deutsche Bank believes…

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