Subj : Global cloud market sees another huge spending spree as AI demand
To   : All
From : TechnologyDaily
Date : Tue Aug 06 2024 12:15:04

Global cloud market sees another huge spending spree as AI demand continues

Date:
Tue, 06 Aug 2024 11:11:35 +0000

Description:
Latest cloud market share results are in, and there arent very many surprises.

FULL STORY
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Cloud infrastructure spending is closing in on $80 billion spent per quarter, 
according to new figures that appear to confirm that Year-on-Year growth rate 
in the sector has now been north of 20% for three consecutive quarters. 

Findings from Synergy Research (via The Register ) also claim the total 
expenditure in the cloud market over the last twelve months totalled $297 
billion. 

Amazon Web Services, Microsoft and Google make up two-thirds of the cloud 
infrastructure market worldwide, and 73% of the public cloud market, with The 
Register noting all three regularly trade places for the top spot. Latest 
cloud share results 

In Q2 2024, its AWS with a noticeable lead, with 32% market share - a 1% rise 
over the previous quarter. Microsoft Azure is in second place with 23%, a two 
percent decrease versus Q1 . 

Google, though a firm third place, is maintaining its trend of slow gains on 
AWS, this time from a two percent rise to 13% share. 

Outside of the top three, Synergy has found that larger gains are happening, 
with Alibaba seeing a 4% increase in share and Oracle and Salesforce three. 

IBM, Tencent and Huawei battle it out on 2%, while Baidi, Fujitsu and VMware 
are among those with growth rounding up to 1%. 

In a statement reported by The Register, Synergy Research Group Chief Analyst 
John Dinsdale did say that cloud growth was normalising, after heady bumps in 
the wake of artificial intelligence arising as a cottage industry. 

Giving some idea as to the sheer scale of the market, Dinsdale said that 
Oracle is now starting to separate itself to become a top five player, but 
also that "in this market Google is almost five times the size of Oracle, 
while Amazon is almost three times the size of Google," he said. More from 
TechRadar Pro Nvidias AI market dominance: Can anyone mount a serious 
challenge? Zoom out: Three ways to revitalize your IT investment strategy The 
GenAI era of search. Who will take the lead?



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Link to news story:
https://www.techradar.com/pro/global-cloud-market-sees-another-huge-spending-s
pree-as-ai-demand-continues


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