Shulou(Shulou.com)11/24 Report--

CTOnews.com August 11 news, According to the latest report released by market research firm Canalys, Global cloud Infrastructure services expenditure in the second quarter of 2023 was US $72.4 billion (CTOnews.com Note: currently about 523.452 billion yuan), Year-on-year growth of 16%.

Growth slowed in the quarter compared with 19 percent year-on-year growth in the previous quarter, with the report saying the main factor was market expansion.

Broken down to cloud infrastructure vendors, the top three vendors AWS, Microsoft Azure and Google Cloud combined grew 20 percent, accounting for 65 percent of total spending, down from 22 percent in the first quarter.

AWSAWS and Microsoft both experienced growth decelerations, but Google Cloud's growth rate remained stable at 31 percent compared to the previous quarter.

Amazon Web Services (AWS) continued to lead the cloud Infrastructure services market in Q2 2023, accounting for 30% of total spending, up 12% year-over-year.

AWS growth has more than halved since the same period last year. In the face of slowing revenue growth, AWS is actively increasing investment in artificial intelligence.

Microsoft Azure, which captured 26% of the market after growing 26% year-over-year, positioned itself as the second largest cloud service provider in Q2 2023.

Given that its cloud orders increased 19 percent to $224 billion in Q2 2023, business performance is expected to remain stable.

Google Cloud grew 31% year-over-year in the second quarter of 2023, the strongest growth among the top three hyperscale enterprises, accounting for 9% of the cloud market share.

Google's approach to extending the depreciation period of servers and network equipment helps control operating costs and improves Google Cloud profitability.

In the current business environment, where the focus is on cost containment, cloud vendors must ensure an influx of new customers and workloads to drive revenue growth.

The emergence of AI technologies is introducing new cloud workloads and will drive huge demand for computing power, creating new opportunities for cloud growth.

reference

Global cloud services market growth slows to 16% in Q2 2023

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