Global cloud market sees another huge spending spree as AI demand continues
Cloud infrastructure just won't stop growing, with the big three providers towering over the rest.
Read the article for an overview of the state of cloud spending and its implications for businesses. Reach out to the cloud experts at when you're ready to discuss your cloud computing goals and challenges.
What is the current state of cloud infrastructure spending?
Cloud infrastructure spending is approaching $80 billion per quarter, with a year-on-year growth rate exceeding 20% for the last three consecutive quarters. Over the past twelve months, total expenditure in the cloud market has reached $297 billion.
Who are the leading providers in the cloud market?
Amazon Web Services, Microsoft, and Google collectively account for two-thirds of the global cloud infrastructure market and 73% of the public cloud market. As of Q2 2024, AWS leads with a 32% market share, followed by Microsoft Azure at 23% and Google at 13%.
What trends are emerging in cloud market growth?
While the top three providers dominate the market, smaller players like Alibaba, Oracle, and Salesforce are also seeing growth. Alibaba has increased its market share by 4%, while Oracle and Salesforce have seen a 3% rise. This indicates a potential reshaping of the competitive landscape in the cloud sector.
Global cloud market sees another huge spending spree as AI demand continues
published by Imperitiv Solutions LLC
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