Cloud infrastructure spending is approaching $80 billion per quarter, according to new figures that appear to confirm that the year-over-year growth rate in the sector has been above 20% for three consecutive quarters.
Synergy Research Results (via Register) also claim that total spending in the cloud market over the past twelve months amounted to $297 billion.
Amazon Web Services, Microsoft and Google account for two-thirds of the global cloud infrastructure market and 73% of the public cloud market, with Register noting that the three regularly trade places for the top spot.
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In Q2 2024, AWS will have a clear lead, with a market share of 32%, up 1% from the previous quarter. Microsoft Azure is in second place with 23%. A decrease of two percent compared to the first quarter.
Google, though a solid third, continues its trend of slow gains in AWS, this time up from a 2 percent increase to a 13 percent share.
Outside of the top three, Synergy has found the biggest gains are coming in: Alibaba has seen a 4% increase in share, and Oracle and Salesforce, three.
IBM, Tencent and Huawei are all vying for 2%, while Baidi, Fujitsu and VMware are among those with growth around 1%.
In a statement published by The Register, Synergy Research Group chief analyst John Dinsdale said cloud growth was normalizing, after the sharp bumps that followed artificial intelligence emerging as a cottage industry.
Giving an idea of the scale of the market, Dinsdale said that “Oracle is now starting to break away to become a top five player,” but also that “in this market Google is almost five times the size of Oracle, while Amazon is almost three times the size of Google,” he said.
