With these five companies combined, the public cloud is completely dominated. These companies control more than three quarters of the market. Synergy Research Group also reports that Amazon and Microsoft combined account for half the money spent on cloud infrastructure services.
Overall, the cloud services market grew by around US$ 1.6 billion from Q2 2018, which according to Synergy Research Group is the second highest incremental increased recorded thus far. All over the world, the growth of the cloud market is consistently strong.
John Dinsdale, a Chief Analyst at Synergy Research Group, states that revenues from cloud infrastructure services is on the verge of hitting a $100 billion per year run rate. According to their projections, the research group expects a continuously strong growth for the cloud in the succeeding years.
The cloud is in
Seeing how more and more is spent and dedicated to cloud infrastructure, we can tell how companies anticipate that the cloud will be the technology to take over.
The disruption of the traditional business operations in the rise of the cloud is something to watch out for. For us, this means better services that we might haven’t experienced just yet.