AWS, Google, Microsoft battle for $76 billion in cloud market share in Q1

Here are the exact global cloud market share numbers for AWS, Alibaba, Google Cloud, Microsoft, and Salesforce in Q1 2024 as the market grows to $76 billion.

The three largest cloud companies on the planet, Amazon Web Services, Microsoft, and Google Cloud, will continue to fight for global cloud market share leadership in the first quarter of 2024, as the market grows to a record $76 billion. It went up.

John Dinsdale, principal analyst at Synergy Research Group, said in an email to CRN that Amazon remained flat compared to last quarter, while Microsoft and Google both posted modest increases. All three companies have seen significant growth increases over the past two quarters.

AWS, Google Cloud, and Microsoft Azure combined for a whopping 67 percent of the $76 billion global cloud services market in the first quarter of 2024, according to new data from IT market research firm Synergy.

[Related: Microsoft Vs. AWS Vs. Google Cloud Earnings Q1 2024 Face-Off]

A global overview of the current cloud services market before analyzing the exact market share figures for the top five cloud leaders (AWS, Alibaba, Google, Microsoft, Salesforcelets) for the first three months of 2024 .

Cloud market will be $76 billion in Q1 2024, an increase of $13.5 billion

Enterprise spending on infrastructure services by cloud companies was well over $76 billion in the first quarter of 2024. This represents a year-over-year increase of $13.5 billion or 21% compared to the first quarter of 2023.

Dinsdale said this was a very good quarter for the cloud market, with growth rates recovering from the relatively low levels seen through most of 2023. Public infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) services account for the majority of the market, with this sector growing 23% year-over-year in the first quarter.

Economic, monetary and political headwinds remain. However, he said the market's fundamental strengths more than compensate for those constraints, and are influenced in no small part by generative AI technologies and services.

Overall, Synergy Research Group predicts that the cloud market will continue to grow significantly over the next few years. Dinsdale said he expects it to double in size over the next four years.

Here are the current enterprise cloud services market share numbers for AWS, Alibaba, Google, Microsoft, and Salesforce that every partner, investor, and customer should know in 2024.

5th place: Salesforce

Market share in Q1 2024: 3%

Market share in Q4 2023: 3%

Market share in Q1 2023: 3%

CRM and cloud giant Salesforce captured 3% of the global cloud services market, ranking fifth in Q1 2024.

According to Synergy data, Salesforce has consistently gained about 3% share of the global cloud market every quarter for the past three years.

The San Francisco-based company reported total sales of nearly $35 billion in 2023, up 11% from the previous year.

4th place: Alibaba

Market share in Q1 2024: 4%

Market share in Q4 2023: 4%

Market share in Q1 2023: 4%

Alibaba continues to hold approximately 4% share of the global cloud services market as of Q1 2024.

Alibaba Cloud, a subsidiary of Alibaba, is the company's cloud computing business based in China. This cloud company in the past few years he gained a global market share of 4% to 6%.

Alibabas Cloud Intelligence Group generated nearly $4 billion in revenue in the fourth quarter of 2023, an increase of 3% year over year.

3rd place: Google

Market share in Q1 2024: 11%

Market share in Q4 2023: 11%

Market share in Q1 2023: 10%

Since 2019, Google has held a persistent third place in global cloud market share. In the first quarter of 2024, the tech giant gained his 11% share in the global cloud market.

Google Cloud, the Mountain View, Calif.-based company's cloud business, generated $9.6 billion in revenue in the first quarter of 2024, an impressive 28% year-over-year increase.

Google Cloud's annual uptime is now over $38 billion.

Google Cloud's operating income, which was in the red every year before 2023, was $900 million in the first quarter of 2024.

2nd place: Microsoft

Market share in Q1 2024: 25%

Market share in Q4 2023: 24%

Market share in Q1 2023: 23%

Microsoft continues to close its cloud market share gap to AWS as the software superstar looks to win gold instead of silver.

In the first quarter of 2024, Microsoft captured a record 25 percent share of the global cloud services market. This compared to a share of 23 percent in Q1 2023, an increase of 2 percentage points year-on-year. The Redmond, Washington-based cloud and software giant ranks second in the global cloud services market. We've been in the cloud market for nearly a decade.

Microsoft's intelligent cloud business generated $26.7 billion in revenue in the first quarter. This means that Microsoft's cloud group's annualized rate is his $107 billion.

No.1: Amazon Web Services

Market share in Q1 2024: 31%

Market share in Q4 2023: 31%

Market share in Q1 2023: 32%

AWS is once again the leader in global market share for cloud computing, with a 31% share of the global market in Q1 2024.

The Seattle-based cloud giant has been the world's cloud leader since Amazon pioneered the cloud industry more than a decade ago. But Google and Microsoft have been following AWS's lead for the past two years. Specifically, Microsoft gained 2 percentage points in market share over the past year, while AWS's share declined by 1 percentage point to 31%.

AWS reported total revenue of $25 billion in Q1 2024, representing 17% year-over-year revenue growth. Amazon's cloud business currently boasts a record $100 billion operating rate.

Other top cloud market leaders

IBM market share in Q1 2024: 2%

Oracle market share in Q1 2024: 2%

Tencent market share in Q1 2024: 2%

Huawei's market share in Q1 2024: 2%

Before 2020, IBM was among the top five global cloud market share leaders. However, IBM's share has been consistently declining in recent years, and in the first quarter of 2024 it had a 2% share.

Oracle is joining forces with Chinese tech giants Huawei and Tencent to compete in fierce cloud competition. All three companies captured approximately 2% share of the global cloud services market in the first quarter of 2024.

Other companies that gained around 1% market share in Q1 2024 include Baidu, China Telecom, China Unicom, Fujitsu, NTT, Snowflake, SAP, Rackspace, and VMware.

Sources 1/ https://Google.com/ 2/ https://www.crn.com/news/cloud/2024/aws-google-microsoft-battle-over-76b-q1-cloud-market-share The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos