Microsoft and Google had a stronger year-on-year growth compared to AWS, resulting in both increasing their global market share by upwards of 1-percentage point year over year.Ĭloud Services Market Q1 2023: $63 BillionĮnterprise spending on cloud infrastructure services reached $63.7 billion in first quarter 2023, according to data from Synergy Research Group. “As the market continues to grow, Amazon, Microsoft and Google continue to account for a large share of cloud spending-their combined share stood at 65 percent in the first quarter,” he said. “There has been some angst about declining cloud growth rates, but the Q1 worldwide market value grew by more than $10 billion year over year,” said John Dinsdale, chief analyst at IT market research firm Synergy Research Group, who has released first quarter 2023 worldwide cloud market share data for cloud infrastructure services.ĭinsdale, in an email to CRN, said the relatively weak economy has caused some enterprises to review spending more closely on cloud services, but the market continues to increase despite those challenges.

Microsoft is narrowing the gap between itself and longtime cloud market share leader Amazon Web Services as Google continues to report stellar cloud services growth.

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