Being recognized as a primary leader in the market for cloud infrastructure, Amazon Web Services (AWS), the online retailer’s profitable cloud platform, is still ahead of the pack. The Synergy Research Group estimates that market share of Amazon in the worldwide cloud infrastructure market amounted to 34 percent in the third quarter of 2022. This figure still is higher than the combined market share of its two largest competitors, Google Cloud and Microsoft Azure.
In the third quarter of 2022, the total spending on global cloud infrastructure services raised up to $57 billion, bringing the industry total for the trailing twelve months to $217 billion. As the infographic shows, Amazon, Google and Microsoft are responsible for generating two thirds of cloud infrastructure revenues in the three months ended Sept. 30, with the eight largest providers supervising more than 80 percent of the market.
John Dinsdale, chief analyst at Synergy Research Group said:
“It is a strong testament to the benefits of cloud computing that despite two major obstacles to growth the worldwide market still expanded by 24 percent from last year."
He further added:
"Had exchange rates remained stable and had the Chinese market remained on a more normal path then the growth rate percentage would have been well into the thirties.”
Infographic by: statista