Global cloud market sees another huge spending spree as AI demand continues
As AI adoption surges, the global cloud market is experiencing unprecedented growth — posing both opportunity and a sense of urgency for SMBs. Check out this article to learn how demand for AI services is driving major investments in cloud infrastructure and why hesitating could leave you falling behind. For more information, connect with Rojoli Services to discuss how cloud solutions can support your growth.
What is the current state of cloud infrastructure spending?
Cloud infrastructure spending is approaching $80 billion per quarter, with a year-on-year growth rate exceeding 20% for three consecutive quarters. Over the past twelve months, total expenditure in the cloud market has reached $297 billion.
Who are the leading players in the cloud market?
Amazon Web Services, Microsoft, and Google account for two-thirds of the global cloud infrastructure market and 73% of the public cloud market. As of Q2 2024, AWS leads with a 32% market share, followed by Microsoft Azure at 23%, and Google at 13%.
What are the growth trends among smaller cloud providers?
While AWS, Microsoft, and Google dominate the market, smaller providers are also seeing growth. Alibaba has increased its market share by 4%, while Oracle and Salesforce have seen a 3% rise. Other players like IBM, Tencent, and Huawei are competing at around 2% market share.
Global cloud market sees another huge spending spree as AI demand continues
published by Rojoli Services
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