Create and Learn
Amazon Leads $150-Billion Cloud Market
This article is published in collaboration with Statista
by Felix Richter
Having established itself as an early leader in the market for cloud infrastructure, Amazon Web Services (AWS), the online retailer’s profitable cloud platform, is still ahead of the pack. According to estimates from Synergy Research Group, Amazon’s market share in the worldwide cloud infrastructure market amounted to 32 percent in the first quarter of 2021, still exceeding the combined market share of its two largest competitors, Microsoft and Google.
In Q1 2021, global cloud infrastructure service revenues amounted to $39 billion, putting the industry on track to surpass $150 billion in revenue this year. As the following chart shows, Amazon and Microsoft accounted for more than half of cloud infrastructure revenues in the first three months of 2021, with the eight largest providers controlling roughly 80 percent of the market.
“Amazon and Microsoft have earned their leadership positions as they focus aggressively on growing their cloud services, quarter after quarter, year after year. They continue to invest billions of dollars every quarter in expanding their global data center footprint, while at the same time enhancing their cloud service portfolios,” said John Dinsdale, a Chief Analyst at Synergy Research Group.
Start leaning Data Science and Business Intelligence tools: