The Gartner Magic Quadrant is a renowned research tool that provides a visual snapshot of a market's direction, maturity, and participants (Cloud Leaders in this case). It evaluates companies based on their 'Ability to Execute' and 'Completeness of Vision'. The 2023 quadrant is divided into four segments: Leaders, Challengers, Visionaries, and Niche Players.

In the latest Magic Quadrant for Strategic Cloud Platform Services, as of October 2023, the leaders are Amazon Web Services, Microsoft, Google, and Oracle. These companies have been recognized for their strong ability to execute and their comprehensive vision for the future. Being in the Leaders quadrant means these companies are at the forefront of the industry, offering mature and well-rounded services, and are shaping the market with their strategic growth and innovation."

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Link: Gartner Magic Quadrant
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