Amazon, Microsoft &
Google Dominate The Cloud
May 2, 2022
May 2, 2022
New data from Synergy Research Group shows that Q1 enterprise spending on cloud infrastructure services was approaching $53 billion. That is up 34% from the first quarter of 2021, making it the eleventh time in twelve quarters that the year-on-year growth rate has been in the 34-40% range. As the vibrant cloud market continues to grow rapidly, Amazon continues to lead with its worldwide market share remaining at 33%. For the third consecutive quarter its annual growth came in above the growth of the overall market.
Meanwhile Microsoft continues to gain almost two percentage points of market share per year while Google’s annual market share gain is approaching one percentage point. In aggregate all other cloud providers have grown their revenues by over 150% since the first quarter of 2018, though their collective market share has plunged from 48% to 36% as their growth rates remain far below the market leaders.
most of the major cloud providers having now released their earnings
data for Q1, Synergy estimates that quarterly cloud infrastructure
service revenues (including IaaS, PaaS and hosted private cloud
services) were $52.7 billion, with trailing twelve-month revenues
reaching $191 billion. Public IaaS and PaaS services account for the
bulk of the market and those grew by 37% in Q1. The dominance of the
major cloud providers is even more pronounced in public cloud, where
the top three control 71% of the market. Geographically, the cloud
market continues to grow strongly in all regions of the world.