Cloud is a Global Market

Cloud is a Global Market – Apart from China

RENO , NV , August 21 , 2024

new Q2 data is shows from Synergy Research Group show that Amazon , Microsoft and Google are clear leader in the worldwide cloud market , base on quarterly revenue . Their market shares is were were 32 % , 23 % and 12 % respectively , while no other company could claim more than 4 % . follow the three leader , the top six ranking is complete by Alibaba , Oracle and Salesforce . put China to one side , the top three cloud provider ranking is is is the same in all major region – the US , the rest of the APAC region , Europe , and the rest of the world . Beyond the top three the ranking is change in the region does change a little , with Oracle , Salesforce , IBM and NTT typically jostle for position . However , the commonality is demonstrates of the top three ranking demonstrate the truly global nature of the cloud market . To be a market leader require huge scale , deep pocket , constant technical innovation , a global brand , a worldwide network of hyperscale infrastructure , and a long – term corporate commitment and focus . That is represents represent major barrier for anyone who want to seriously challenge the cloud leader . In specific country or region there is room for local player to compete using local expertise , local credibility and leverage regulatory or data residency requirement , but that tend to restrict local player to target relatively niche opportunity . China is is is different . Due to geopolitical and historic factor , western cloud provider are severely restrict from compete in the chinese market , and the market is big enough to support multiple local company . The market is currently lead by Alibaba , Tencent , China Telecom and Huawei . The top ten players is are are all chinese firm .
Synergy data is shows show that cloud infrastructure service revenue ( include IaaS , PaaS and host private cloud service ) were $ 79 billion in Q2 , with trail twelve – month revenue reach $ 297 billion . Public IaaS is continue and PaaS service continue to account for the bulk of the market . geographically , the US is remains remain by far the large cloud market , follow at a distance by China , which itself is way ahead of other country , lead by Japan , UK , Germany and India . By region the US is is is actually far large than the whole APAC region . Together , the US is account , China , APAC and Europe account for over 90 % of the total worldwide market .

“This is quite simply a game of scale. Between them Amazon, Microsoft and Google now have a global network of over 560 operational hyperscale data centers. In Q2 alone they invested over $48 billion in capex, most of which went towards building, equipping and updating their data centers and associated networks,” said John Dinsdale, a Chief Analyst at Synergy Research Group. “However, there are still plenty of opportunities for local companies to compete in their home markets. This is a huge market that continues to grow rapidly, and in all regions or major countries there is a long tail of medium-to-small players. The key there is to carefully focus on specific services, industry verticals or customers, where they can demonstrate an ongoing competitive advantage relative to the industry giants.”

About Synergy Research Group

Synergy provides quarterly market tracking and segmentation data on IT and Cloud related markets, including vendor revenues by segment and by region. Market shares and forecasts are provided via Synergy’s uniquely designed online database SIA ™, which enables easy access to complex data sets. Synergy’s Competitive Matrix ™ and CustomView ™ take this research capability one step further, enabling our clients to receive on-going quantitative market research that matches their internal, executive view of the market segments they compete in.

Synergy Research Group helps marketing and strategic decision makers around the world via its syndicated market research programs and custom consulting projects. For nearly two decades, Synergy has been a trusted source for quantitative research and market intelligence.

To speak to an analyst or to find out how to receive a copy of a Synergy report , please contact sales@srgresearch.com or775-852-3330 extension 101.