Cloud Market Growing at 34% Per Year. Amazon, Microsoft & Google account for 65% percent of the Market Share

The Cloud services growing momentum keeps strong. The Q1 2022 results show a solid growth of 34% from the first quarter of 2021, making it the eleventh time in twelve quarters that the year-on-year growth rate has been in the 34-40% range.

Amazon, Microsoft & Google account for 65% percent of global spending on cloud computing in Q1 2022.

The top 3 providers’ growth range from 32 to 44% year-over-year in the first quarter: Google Cloud 44%; Amazon AWS 37%; Microsoft 32%.

ThaThat is still a booming market and a significant opportunity for regional or service players where they can differentiate themselves from the big three.