Amazon AWS Accounts For 33 Percent Of Global Cloud Infrastructure Service Market

SEATTLE – The cloud computing market has recorded tremendous growth to emerge as a billion-dollar industry in recent years. With consumers increasingly focusing on shifting towards the cloud, several service providers are striving to account for the highest share of the broad market.

Data presented by Finbold indicates that Amazon Web Services (AWS) accounts for the largest share of cloud infrastructure service providers at 33 percent. Microsoft’s Azure platform ranks second with a share of 21 percent, followed by Google Cloud at 10%. Notably, despite Google and Microsoft emerging as significant players in the cloud computing space, their combined market share still trails AWS.

Elsewhere, Alibaba Cloud has a share of 6 percent to emerge as the first top provider outside North America. IBM closes the top five category with a share of 4 percent. Data on cloud infrastructure market share is provided by Synergy Research Group.

To read more, click on FinBold