Tech UPTechnologyWho is the leader in the global cloud business?

Who is the leader in the global cloud business?

The cloud, according to Microsoft Azure, is a term used to describe a worldwide network of servers, each with a unique function.

It is not a physical entity, but rather a huge network of remote servers around the world that are connected to function as a single ecosystem. These servers are designed to store and manage data, run applications, or deliver content or services, such as streaming video, webmail, or software to run social networks.

Instead of accessing files and data from a personal or local computer, this tool helps you to have information online from any device connected to the Internet, that is, the information is available wherever you go and whenever you need it.

Companies use four different methods to deploy cloud resources. There is a public cloud, which shares resources and offers services to the public through the Internet; a private cloud, which is not shared and offers services over a private internal network, typically hosted on-premises; a hybrid cloud, which shares services between public and private clouds, depending on its purpose; and a community cloud, which shares resources only between organizations, for example with government institutions.

Beyond the concept, the term became popular in the pandemic, given the digitalization of companies.

Having established itself as one of the early leaders in the cloud infrastructure market, Amazon Web Services (AWS), the e-commerce company’s profitable cloud platform, continues to stay ahead of the rest of its competitors. .

According to Synergy Research Group estimates, AWS’s market share of the global cloud infrastructure market rose to 34% in the second quarter of 2022, still exceeding the combined share of its two largest competitors: Microsoft Azure and Google Cloud.

In the second quarter of 2022, global spending on cloud infrastructure services rose to $55 billion, bringing the industry total for the past twelve months to more than $200 billion.

Notably, Amazon and Microsoft accounted for more than half of cloud infrastructure revenue in the three months ended June 30.

“Global cloud providers are certainly not immune to the impact of ongoing changes in exchange rates,” said John Dinsdale, chief analyst at Synergy Research Group, referring to the adverse effects of exchange rates on the overall growth of the industry.

“However, the fact is that the underlying growth in cloud usage continues to grow at truly impressive rates,” he continues, explaining why his company’s forecasts continue to show “strong growth in all key cloud market metrics.” Cloud”.

According to a report in , Amazon has been able to grow by constantly taking over new markets, but also critics and now regulators accuse it of privileging its own offerings on its e-commerce platform. Today, the company is so large that it raises monopoly fears even as it enters a previously competitive market as a small player.

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