Q2 Cloud Market Surges to $42B
August 3, 2021
Amazon, Microsoft & Google Pocket 63% of Dollars Spent
New data from Synergy Research Group shows that Q2 enterprise spending on cloud infrastructure services reached $42 billion, having increased by $2.7 billion from the previous quarter and up 39% from the second quarter of 2020. For the fourth successive quarter, the year-on-year growth rate increased, which is unusual for such a large, high-growth market. In previous quarters Microsoft and Google had been slowly gaining ground on Amazon, but after achieving 10% growth from the previous quarter Amazon’s worldwide market share nudged back up to 33%. Microsoft and Google accounted for another 30% of the market and the next twenty cloud providers combined had a 28% market share. There then follows a long tail of small-medium sized service providers accounting for the rest of the market. Among the companies chasing the top three, those with above average growth rates include Alibaba and four other leading Chinese cloud providers.
most of the major cloud providers having now released their earnings
data for Q2, Synergy estimates that quarterly cloud infrastructure
service revenues (including IaaS, PaaS and hosted private cloud
services) were $42.0 billion, with trailing twelve-month revenues
reaching $152 billion. Public IaaS and PaaS services account for the
bulk of the market and those grew by 41% in Q2. The dominance of the
major cloud providers is even more pronounced in public cloud, where the
top five control 80% of the market. Geographically, the cloud market
continues to grow strongly in all regions of the world.