Conventional wisdom over thehas suggested that the pandemic has driven companies to the cloud much faster than they ever would have gone without that forcing event, with some meaning it has compressed years of transformation into months. This quarter’s numbers prove that thesis correct. According to Synergy Research data, with The Big Three — Amazon, Microsoft, and Google — all reporting this , the market generated almost $40 billion in revenue. That’s up to $2 billion from year’s period. Canalys’s numbers were slightly higher at $42 billion.
As you might expect if you follow this keeps growing, and Amazon takes a substantial chunk. Overall, AWS held share. While the revenue numbers keep increasing, Amazon’s has remained firm for years at around this number. The other , most notably Microsoft, which is now at around 20% share — good for about $7.8 billion this quarter., AWS led the way with $13.5 billion for the quarter, up 32% year over year. That’s a run rate of $54 billion. While that is an eye-popping number, what’s reallkable is the yearly , especially for a company with the size and maturity of Amazon. The law of large numbers would suggest this isn’t sustainable, but the pie
spend too much time looking in their rearview mirrors and worrying about the competition. However, that is not to say that aren’t some excellent opportunities for other players. Taking Amazon and Microsoft out of the picture, the remaining market generates over $18 billion in quarterly at over 30% per year. , services, or user groups can target several years of strong growth,” Dinsdale said in a statement.to show signs of promise under Thomas Kurian, hitting $3.5 billion, suitable for 9% as it makes a steady march toward double digits. Even IBM had a positive quarter, led by and cloud revenue, ideal for 5% or about $2 billion overall. John Dinsdale, a chief analyst at Synergy, have firm control of the market, that doesn’t mean there isn’t money to be made by the companies playing behind them. “These two don’t have to
Canalys, another firm that watches the same market as Synergy, had similar findings with slight variations, certainly close enough to confirm one another’s conclusions. They have AWS with 32%, Microsoft with 19%, and Google 7%. Canalys analyst Blake Murray says there is still plenty of room for growth, and we will likely continue seeing big numbers in this market for several. “Though 2020 saw large-scale cloud infrastructure spending, most . spending will continue as customer confidence rises during 2021. Large projects postponed will resurface, while new use cases will expand the addressable market,” he said. The numbers we see are hardly a surprise anymore, and as more workloads into the cloud, the numbers will continue to impress. The only question is if Microsoft can continue to close the gap with Amazon.