Amazon Dominates the Global Cloud Market in Q2 2022

Technology & Telecommunications

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Cindy Mutia Annur 03/08/2022 14:50 WIB

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Amazon's cloud computing service, Amazon Web Services (AWS), successfully led the global cloud market in Q2 2022.

World's Largest Cloud Services Market Share (Q2 2022)

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Amazon Dominates the Global Cloud Market in Q2 2022

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World's Largest Cloud Services Market Share (Q2 2022)

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Amazon Web Services (AWS), Amazon's cloud computing service, leads the global cloud market. According to reports compiled by Synergy Research Group and Statista, AWS's market share reached 34% in the second quarter of 2022.

Microsoft's cloud service, Azure, ranked second with a global market share of 21% during the same period. Google Cloud came in third with a 10% market share.

Alibaba Cloud and IBM Cloud ranked fourth and fifth, respectively. Alibaba Cloud's market share was recorded at 5%, and IBM Cloud at 4%.

Salesforce and Tencent Cloud each held a 3% market share. Oracle's cloud market share was 2%.

Synergy Research Group's report notes that company spending on cloud infrastructure services reached US$55 billion in the second quarter of 2022. This figure represents a 29% increase year-on-year (YoY).

Synergy Research Group's Chief Analyst, John Dinsdale, stated that global cloud providers are not immune to the impact of current exchange rate fluctuations. "However, the fact remains that underlying growth in cloud usage continues to grow at a truly impressive rate," said John, as quoted from the company's website on Thursday, July 28, 2022.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."