Cloud Market Grows Strong in Q2 with Amazon, Google, and Oracle Rising

Cloud infrastructure service revenues reached $79.1 billion in Q2, with significant growth in the public IaaS and PaaS services. The top three cloud providers continue to dominate the market, accounting for 73% of the public cloud space. Geographically, APAC showed the strongest growth, with countries like India, Japan, Australia, and South Korea experiencing a 25% increase year over year. The US remains the largest cloud market globally, with a 22% growth rate in Q2. In Europe, the UK and Germany lead the cloud market, but Ireland, Italy, and Spain saw the highest growth rates.

John Dinsdale, Chief Analyst at Synergy Research Group, noted that the market is experiencing more normalized growth with some challenges due to currency fluctuations. Amazon and Google’s market share increased in Q2, while Microsoft’s share slightly dropped. However, Microsoft and Google continue to show upward trends. Oracle is emerging as a top five player in the market, but there is still a significant gap between them and the leaders.

Synergy Research Group offers quarterly market share analysis and forecasts for the Communications and Cloud industries through its unique research SaaS platform, SIA™. Clients have access to data and analysis through Synergy’s Competitive Matrix™ and CustomView™, which provide ongoing quantitative market research tailored to their specific needs. Synergy’s data analytics and analysis have been trusted worldwide for over 20 years, used by industry leaders, governments, and financial institutions.

For more information on accessing Synergy’s market data or to speak with an analyst, reach out to Heather Gallo at 775-785-3113.

Image: https://mma.prnewswire.com/media/2474235/Synergy_Research_Group_CIS_Q224.jpg?p=original

In conclusion, the cloud infrastructure market continues to see steady growth, with key players like Amazon, Google, and Microsoft maintaining their dominance. APAC is showing strong growth, and new players like Oracle are making strides in the market. Synergy Research Group’s comprehensive analysis and forecasts provide valuable insights for industry leaders looking to navigate the evolving cloud landscape.

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