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Cloud Computing: AWS and Azure Vie for Market Share as Total Size Balloons
The cloud computing infrastructure services market is slowly becoming a two way race. Amazon AWS has consistently held onto a little less of one third of the total market, and Microsoft Azure is gradually taking market share from smaller service providers, now reaching 22 percent. Google, hovering at about 7-8 percent consistently over the last four years, comes in as a distant third-place player.
Last week IDC announced the most recent spending numbers for public cloud IaaS and PaaS infrastructure. The total market is growing at more than 28 percent annually and is expected to reach $400 billion before 2025.
Andrew Smith, research manager at IDC, said that “enterprise spending on public cloud infrastructure continues to grow faster than traditional IT infrastructure segments. We expect all workload segments to grow in the double digits — some slightly faster than others — as enterprises emerge from 2020 and continue to prioritize workload migration and modernization using public cloud infrastructure.”
Gartner noted the following trends in Global Public Cloud Services:
- Ubiquity – The cloud has been accepted by all industries and is a driver for technological disruption. The rollout of 5G is expected to push cloud growth even more.
- Regional Platforms – Geopolitical regulations are causing regional cloud ecosystems to grow in order to comply.
- Green Clouds – Climate change is being recognized globally as a major problem and is expected to drive additional regulations for the cloud for sustainability and ‘green initiatives’.
- Smarter Cloud – Complexities of managing the cloud will be eased as increasingly AI and automation are applied to managing cloud operations.
