Request Media Kit

Cloud Infrastructure Spending Hit $42 Billion in Q2

The cloud infrastructure market continued its impressive gains, with spending hitting $42 billion in Q2, according to Synergy Research Group....
Cloud Infrastructure Spending Hit $42 Billion in Q2
Written by Matt Milano
  • The cloud infrastructure market continued its impressive gains, with spending hitting $42 billion in Q2, according to Synergy Research Group.

    Synergy’s latest data is good news for the industry, and provides a number of important revelations. According to the company, the top three cloud companies continue to be AWS, Microsoft and Google, with 33%, 20% and 10% of the market respectively. Alibaba, IBM, Salesforce, Tencent, Oracle and “Others” round out the industry.

    Interestingly, that means the top three companies account for 63% of money spent on cloud infrastructure.

    “This market continues to be a runaway success story for Amazon, Microsoft, Google and some other cloud providers. You would not normally expect to see growth rates actually increasing in such a huge and rapidly developing market, yet once again that is what our research has shown,” said John Dinsdale, a Chief Analyst at Synergy Research Group. “It must be said that this success is hard earned. Amazon, Microsoft and Google in aggregate are typically investing over $25 billion in capex per quarter, much of which is going towards building and equipping their fleet of over 340 hyperscale data centers. There remains a wealth of opportunity for smaller, more focused cloud providers, but it can be hard to look away from the eye-popping numbers coming out of the big three.”

    Synergy’s report is further evidence that, despite the accelerated cloud transition as a result of the pandemic, there appears to be plenty of room for further growth.

    Get the WebProNews newsletter
    delivered to your inbox

    Get the free daily newsletter read by decision makers

    Subscribe
    Advertise with Us

    Ready to get started?

    Get our media kit