Global cloud market sees another huge spending spree as AI demand continues
Cloud infrastructure just won't stop growing, with the big three providers towering over the rest.
Read the article for an overview of the state of cloud spending and its implications for businesses. Reach out to the cloud experts at when you're ready to discuss your cloud computing goals and challenges.
What is the current state of cloud infrastructure spending?
Cloud infrastructure spending is approaching $80 billion per quarter, with a year-on-year growth rate exceeding 20% for three consecutive quarters. Over the last twelve months, total expenditure in the cloud market reached $297 billion.
Who are the leading players in the cloud market?
Amazon Web Services, Microsoft, and Google account for two-thirds of the global cloud infrastructure market and 73% of the public cloud market. In Q2 2024, AWS leads with a 32% market share, followed by Microsoft Azure at 23% and Google at 13%.
What are the growth trends among smaller cloud providers?
While AWS, Microsoft, and Google dominate, smaller providers like Alibaba, Oracle, and Salesforce are also seeing growth. Alibaba has increased its market share by 4%, while Oracle and Salesforce have each gained 3%. Other players like IBM, Tencent, and Huawei are competing at 2% market share.
Global cloud market sees another huge spending spree as AI demand continues
published by Precision Computer Methods Inc.
PC Methods, Inc. specializes in business software and ERP consulting for manufacturing and distribution firms across the US and Canada. We craft cost-effective, adaptable business information systems tailored to our clients' specific needs, enhancing their operations. Our primary focus is on Sage ERP solutions, including Sage 300cloud (Accpac), Sage Pro (SBT), Sage 50 (Peachtree), and Spire, the successor to Sage Business Vision. Should you require expert analysis of your accounting or manufacturing systems data, or seek support for manufacturing software within our service region, we are your go-to consultants. Additionally, we provide extensive business network support in the Chicago area, a separate IT support service from our ERP offerings. Our comprehensive IT services are available for a fixed monthly fee, covering essential needs like telephony, firewalls, patch management, antivirus, backup and data recovery, as well as PCI and HIPAA compliance, website, and cloud services. Explore our monthly support plans billed per endpoint.
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