The latest Canalys report indicated the Cloud market share of Amazon Web Services (AWS), Microsoft Azure and Google in Q2 2020.
Cloud infrastructure services spending grew 31 percent to $34.6 billion in the second quarter of 2020.
Total Cloud expenditure was over $3.5 billion higher than the previous quarter and more than $8 billion on Q2 2019, according to Canalys data. The report said consumption of cloud-based services for online collaboration and remote working tools, ecommerce, remote learning, and content streaming hit new records during lockdown.
Amazon Web Services (AWS) was the leading cloud service provider in Q2 2020, accounting for 31 percent share of total spend.
Microsoft Azure has 20 percent market share. Google Cloud remained the third largest cloud service provider with 6 percent, after exceeding the US$2 billion mark, followed by Alibaba Cloud with 5 percent.
“Demand for cloud-based services will remain strong, as organizations accelerate their digital transformation initiatives over the next 12-months to capitalize on emerging opportunities,” Canalys Chief Analyst, Matthew Ball, said.
“Differentiation among the leading providers will be critical as competition for customer’s spending on digital transformation projects intensifies,” said Canalys Research Analyst, Blake Murray.
The report said security, code development and migration tools, support for multi-cloud and hybrid-IT deployments, as well as enabling more predictable costs will be key areas of focus as organizations look to move as quickly as possible, minimize disruption and keep within more constrained budgets.
Synergy Research Group said that Q2 spend on cloud infrastructure services rose by $7.5 billion to $30 billion from the second quarter of 2019.
Amazon with 33 percent, Microsoft with 18 percent, Google with 9 percent, Alibaba with 6 percent, IBM with 5 percent, Salesforce with 3 percent, Tencent with 2 percent, Oracle with 2 percent are the market leaders in Cloud business, Synergy Research Group said.
