Amazon, Microsoft, Google grab 63% of $42 billion Cloud infrastructure market

The enterprise spending on cloud infrastructure services reached $42 billion in the second quarter (Q2), increased by $2.7 billion from the previous quarter and up 39 per cent from the second quarter of 2020, according to a new report.

Amazon’s worldwide market share nudged back up to 33 per cent. Microsoft and Google accounted for another 30 per cent of the market and the next 20 cloud providers combined had a 28 per cent market share, the data from Synergy Research Group showed.

“This market continues to be a runaway success story for Amazon, Microsoft, Google and some other cloud providers. You would not normally expect to see growth rates actually increasing in such a huge and rapidly developing market, yet once again that is what our research has shown,” said John Dinsdale, a Chief Analyst at Synergy Research Group.