According to a new report, company spending on cloud infrastructure services surpassed $42 billion in the second quarter (Q2), up $2.7 billion from the previous quarter and up 39% from the second quarter of 2020.
Amazon’s global market share has climbed back to 33%. According to Synergy Research Group’s data, Microsoft and Google accounted for another 30% of the market, while the next 20 cloud providers combined had a market share of 28%.
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,John Dinsdale, a Chief Analyst at Synergy Research Group.
Each quarter, Amazon, Microsoft, and Google invest over $25 billion in capex, the majority of which goes into developing and equipping their fleet of over 340 hyperscale data centers.
The year-on-year growth rate grew for the fourth quarter in a row, which is remarkable for such a huge, high-growing market.
Microsoft and Google had been quietly gaining ground on Amazon in previous quarters, but after attaining 10% increase from the previous quarter, Amazon’s global market share nudged back up to 33%, according to the research.