Public cloud providers Amazon Web Services (AWS), Microsoft Azure and Google Cloud control a whopping 65% of the growing global cloud market, but long-time hyperscale leader AWS struggled to post first-quarter growth like that of its main rivals, according to new data from Synergy Research Group (SRG).
Cloud infrastructure services spending grew 20% year-over-year during the quarter to reach more than $63 billion in revenue, fueled by “the foundational benefits of cloud adoption,” SRG Chief Analyst John Dinsdale wrote. Public infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) represented the majority of the market and grew 21% in Q1.
Even though Microsoft (with 23% of the market) and Google (with 10%) each gained just one percentage point of market share year-on-year, that’s more than AWS can claim, which continued to hover around 32% market share.
While today’s macroeconomic climate “has constrained some growth in cloud spending,” the market’s current rate of expansion remains healthy, Dinsdale noted.