Cloud infrastructure spending is approaching $80 billion per quarter, according to new figures, a move that seems to confirm that the sector has now posted three consecutive quarters of year-on-year growth above 20%.
Findings from Synergy Research (via The register) also claim that total spending in the cloud market over the past twelve months totaled $297 billion.
Amazon Web Services, Microsoft and Google represent two-thirds of the global cloud infrastructure market and 73% of the public cloud market, with The register noting that all three regularly trade places for first place.
Latest Cloud Share Results
In Q2 2024, AWS is in a notable lead, with a market share of 32% – an increase of 1% from the previous quarter. Microsoft Azure is in second place with 23%, a two percent decrease compared to Q1.
Google, while firmly in third place, continues its trend of slow gains on AWS, this time rising from two percent to 13% share.
Outside the top three, Synergy saw bigger gains, with Alibaba seeing 4% market share growth and Oracle and Salesforce taking three.
IBM, Tencent and Huawei are battling for 2%, while Baidi, Fujitsu and VMware are among the companies with growth rounding out to 1%.
In a statement reported by The Register, John Dinsdale, chief analyst at Synergy Research Group, said cloud cover growth was normalizing following severe shocks in the aftermath of artificial intelligence started as a cottage industry.
To give an idea of the size of the market, Dinsdale said that “Oracle is now starting to differentiate itself and become one of the top five players,” but also that “Google is almost five times the size of Oracle in this market, while Amazon is almost three times the size of Google,” he said.