Cloud infrastructure services spending increased 36 percent to $47 billion in Q2 2021, according to the latest Canalys data.
The top three cloud service providers collectively accounted for 61 percent of the total spend in Q2 2021.
Amazon Web Services (AWS) was the leading cloud service provider in Q2 2021 accounting for 31 percent of total spend after growing 37 percent on an annual basis.
Microsoft Azure was the second largest cloud service provider in Q2, with a 22 percent market share. It grew 51 percent.
Google Cloud grew 66 percent in the latest quarter and accounted for an 8 percent market share.