Microsoft and Oracle team up to take on Amazon to dominate cloud business

With Amazon Web Services dominating the burgeoning cloud computing business, industry rivals have come together in order to wrestle the crown from the former.

Former rivals in the cloud business Microsoft and Oracle, made an announcement last week that they would be linking their cloud computing services. Oracle Cloud and Microsoft Azure will be linked over a high-speed direct network, letting clients upload and store their data on both clouds and run business operations software on any of the cloud best supporting them.

Amazon Web Services currently dominates the global cloud business and controls over 30 percent of the market, as per Synergy Research Group. Microsoft Azure controlling the second-largest share of the market which stands at around 15 percent while IBM Cloud and Google Cloud making up the four leading companies. Smaller cloud business providers such as Oracle have shown growth at a slower pace so far as the top four grow stronger in their hold on the market share.