New Q2 Data Shows Leading Cloud Providers Continue To Dominate
Synergy estimates that quarterly cloud infrastructure service revenues (including IaaS, PaaS, and hosted private cloud services) have now reached almost $11 billion.
New Q2 data from Synergy Research Group shows that the four leading cloud providers all continue to maintain or grow their share of the worldwide cloud infrastructure services market. Microsoft and Google have almost doubled their quarterly revenues since Q2 of 2016 and both have increased their market share substantially; but market leader AWS also continues to grow its revenues more rapidly than the overall market, so it too has increased its share despite its much larger scale. AWS market share now stands at 34%, compared to 11% for Microsoft and 5% for Google. IBM held its market share steady at 8%, thanks primarily to a strong showing in hosted private cloud services. Among the next 10 top-ranked cloud providers, Alibaba and Oracle are achieving the highest growth rates. Continuing recent trends, it is the lower ranked sized cloud providers who in aggregate are losing share to the market leaders.