Home Economy Global cloud infrastructure market grows on continued digital transformation

Global cloud infrastructure market grows on continued digital transformation

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Amazon Web Services, Microsoft Azure, and Google Cloud retained the highest three spots and accounted for 58% of complete spending within the March ending quarter.

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The international cloud infrastructure market grew within the March ending quarter, pushed by continued digital transformation with organisations adjusting to new methods of working.

Worldwide cloud infrastructure companies spending elevated 35% to $41.8 billion within the first quarter of 2021, in contrast with the earlier 12 months, in line with a report by market analyst agency Canalys.

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“Though 2020 saw large-scale cloud infrastructure spending, most enterprise workloads have not yet transitioned to the cloud,” Blake Murray, Research Analyst at Canalys stated. “Migration and cloud spend will continue as customer confidence rises during 2021. Large projects that were postponed last year will resurface, while new use cases will expand the addressable market.”

Amazon Web Services (AWS), Microsoft Azure, and Google Cloud retained the highest three spots and accounted for 58% of complete spending within the March ending quarter.

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Market chief, AWS, grew 32% on an annual foundation, taking 32% of the cloud infrastructure companies spending within the first quarter of 2021.

Microsoft Azure expanded 50% for the third straight quarter, capturing 19% market share within the March ending quarter.

“They [Amazon and Microsoft] continue to invest billions of dollars every quarter in expanding their global data centre footprint, while at the same time enhancing their cloud service portfolios,” John Dinsdale, a Chief Analyst at Synergy Research Group, stated in an announcement. “These two don’t have to spend too much time looking in their rear-view mirrors and worrying about the competition.”

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Google Cloud maintained its third spot carefully adopted by Jack Ma’s Alibaba Cloud. Google’s cloud computing companies grew 56% within the first quarter of 2021, taking a 7% market share.

Other rising cloud service suppliers, embrace IBM, Salesforce, Tencent, Oracle, Baidu, NTT, SAP and Fujitsu.

“Taking Amazon and Microsoft out of the picture, the remaining market is generating over $18 billion in quarterly revenues and growing at over 30% per year,” Dinsdale, stated. “Cloud providers that focus on specific regions, services or user groups can target several years of strong growth.”



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