With most major cloud providers now releasing their first quarter earnings data, Synergy estimates that quarterly revenue for cloud infrastructure services (including IaaS, PaaS, and hosted private cloud services) was $520.7 billion, with year-over-year revenues reaching $191 billion. Utilities IaaS and PaaS make up the bulk of the market and grew 37% in the first quarter. The dominance of the major cloud providers is even more pronounced in public cloud, where the top three control 71% of the market. Geographically, the cloud market continues to grow strongly in all regions of the world.

“While the level of competition remains high, the massive and rapidly growing cloud market continues to coalesce around Amazon, Microsoft and Google,” said John Dinsdale, chief analyst at Synergy Research Group. “Aside from the Chinese market, which remains completely dominated by local Chinese companies, other cloud providers simply cannot match the scale and geographic reach of the big three market leaders. While Amazon, Microsoft and Google continue to grow at 35-50% per year. , other non-Chinese cloud providers typically see growth in the 10-20% range. This can still be an attractive proposition for these smaller providers, as long as they focus on regional or service niches where they can differentiate themselves from the big three. “

About the Synergy Research Group

Synergy provides quarterly data on market size and segmentation on cloud and related markets, including company revenue by segment and region. Synergy Research Group (www.srgresearch.com) helps marketing and strategic decision makers around the world with unique insights and in-depth analysis.

To speak with an analyst or to learn more about accessing Synergy market data, please contact Heather Gallo to [email protected] or at 775-785-3113.

SOURCE Synergy Research Group