Top Cloud Market Share Leaders: AWS, Microsoft, Google Lead Q2 2022
Here’s where the top five cloud market share leaders rank on a global basis, including Amazon, Alibaba, Google, IBM and Microsoft.
The Top 5 Cloud Market Share Leaders
Each of the big three cloud hyperscalers increased their worldwide cloud services market share year over year in the second quarter of 2022, according to new data from IT market research firm Synergy Research Group.
“While there has been a lot of hand-wringing in some circles over the impact of global economic and political issues on company performance, the fact is that the cloud market remains in good health,” said John Dinsdale, a Chief Analyst at Synergy Research Group, in an email to CRN.
The global cloud infrastructure services market—which includes Platform as-a-service (PaaS), Infrastructure as-a-Service (IaaS) and hosted private cloud services—hit $54.7 billion in Q2 2022, with 12-month revenues reaching $205 billion, according to Synergy Research Group.
The $54.7 billion represents 29 percent growth compared to second quarter 2021.
Amazon, Microsoft and Google Own 65 Percent Share
“Amazon had a particularly strong quarter and bumped up its worldwide market share by a full percentage point. Google also nudged up its market share,” Dinsdale said.
Had exchange rates remained constant over the last year, Synergy said the cloud growth rate would have been about 6 percentage points higher.
Following the big three, China’s largest cloud provider Alibaba ranked fourth in cloud market share in Q2 2022, followed by the combined IBM and Kyndryl.
Salesforce and Tencent tied for sixth place at 3 percent market share, then Oracle at 2 percent share.
Other large vendors who won approximately 1 percent share of the market include Baidu, China Telecom, China Unicom, Huawei, Fujitsu, NTT, Snowflake, SAP and Rackspace.
CRN breaks down Synergy’s market share data for the top five cloud providers on a worldwide basis for the second quarter of 2022, as well as the company’s market share for second quarter 2021 and 2020.