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 three consecutive quarters. Over the last twelve months, total expenditure in the cloud market reached $297 billion.
Who are the leading players in the cloud market?
Amazon Web Services, Microsoft, and Google account for two-thirds of the global cloud infrastructure market and 73% of the public cloud market. In Q2 2024, AWS leads with a 32% market share, followed by Microsoft Azure at 23% and Google at 13%.
What are the growth trends among smaller cloud providers?
While AWS, Microsoft, and Google dominate, smaller providers like Alibaba, Oracle, and Salesforce are also seeing growth. Alibaba has increased its market share by 4%, while Oracle and Salesforce have each gained 3%. Other players like IBM, Tencent, and Huawei are competing at 2% market share.
Global cloud market sees another huge spending spree as AI demand continues
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