Cloud market share in 2022-2023 | Cloud Details

Cloud market share in 2022: Do you know about the cloud if yes all things are fine, otherwise, you can go through the given statement:

The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale.

The three major worldwide cloud monsters — Amazon Web Services, Microsoft, and Google — proceeded to combine and develop their situations as cloud market-share leaders in the third quarter of 2022, as per information from IT statistical surveying firm Synergy Research Group.

Cloud market share 2022

AWS, Microsoft, and Google Won 66% Market Share

AWS, Microsoft, and Google combined for 66 percent share of the $57.5 billion in cloud services spending in the third quarter of 2022.

According to Canalys report:

• Cloud Services Market Share: In Q1 of 2022, the top three cloud infrastructure providers were AWS (33% market share), Microsoft Azure (21%), and Google Cloud (8%).
• Cloud Services Market Dominance: Those Big Three public cloud service providers (CSPs) now control a combined 62% of the market, which is up from a 58% combined market share as of Q3 of 2022.
• Overall Cloud Services Spending: Worldwide cloud infrastructure services spending reached $55.9 billion in Q1 of 2022, up 34% compared to Q1 of 2021. The Big Three CSPs — AWS, Azure, and Google Cloud — grew at a combined 42% in Q1 of 2022 compared to Q1 of 2021.

 Worldwide Public Cloud Services: According to Gartner

Terms to be remembered: BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service

Cloud Market-Share Leaders:

1. Amazon Web Services (AWS):
2. Microsoft Azure
3. Alibaba
4. Google Cloud Platform (GCP)
5. IBM

Amazon Web Services (AWS): 

AWS almost half the world’s public cloud infrastructure market and Amazon is the clear market leader. In 2018, Amazon reported revenues of $15.4 billion, a growth of 26.8% from the previous year. Carrying this dominance into 2019, Amazon reports Q1 and Q2 combined AWS revenue of $16.1 billion, a 39% growth from H1 2018.

Microsoft Azure

Microsoft Azure with a market share of 15.5%, according to Gartner estimates Azure annual revenues of $5 billion and a growth of 60.9% in 2018, boosting Azure market share. 

In 2019, Microsoft looks set to claim AWS market share, reporting H1 YoY growth of 70% in Azure revenues. Overall, Microsoft’s Q1 and Q2 combined commercial cloud business revenue is now reported to be $20.6 billion, a 40% growth on H1 2018.

Alibaba

Alibaba owns a 7.7% public cloud market share according to Gartner, Alibaba has annual revenues of $2.49 billion, and impressive growth of 92.6% in 2018.
The Chinese e-commerce giant continues its impressive growth into 2019, reporting Q1 and Q2 combined revenues of $2.2 billion, a growth of 66%. This places the company’s annual revenue run rate above $4 billion.

Google Cloud Platform (GCP)

Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. 

IBM

According to Gartner, IBM owns a 1.8% market share with annual revenues of $577 million and a growth of 24.% in 2018. 

Note: All the given reports and statistics are taken from multiple sources before coming to any conclusion please cross-verify the data.
Sources are Gartner, Canalys, Wikipedia, etc.