Q2 spend on cloud infrastructure services passed the $30 billion milestone, according to new data from Synergy Research Group. It’s an increase of $7.5 billion from the second quarter of 2019.

This continues the trend of ever-larger increments in cloud spending, says Synergy Research. Q2 2019 spending grew $6.5 billion from Q2 2018, which in turn grew $5.5 billion from Q2 2017.

AWS market share remained at its long-standing mark of around 33%, while Microsoft Azure was at 18% for the third consecutive quarter and Google Cloud Platform share nudged up to 9%.

Synergy Rersearch Group

In aggregate, Chinese cloud providers would now account for over 12% of the worldwide market, led by Alibaba, Tencent and Baidu. The top eight cloud providers now account for 77% of the worldwide market. They are followed by a long tail of small providers or large companies with a minor position in the cloud market.

With most of the major cloud providers having now released their earnings data for Q2, Synergy Research estimates that quarterly cloud infrastructure service revenues (including IaaS, PaaS and hosted private cloud services) were almost $30.5 billion, with trailing twelve-month revenues reaching $111 billion.

COVID-19 Pandemic

Public IaaS and PaaS services account for the bulk of the market and those grew by 34% in Q2. The dominance of the top five providers is even more pronounced in public cloud, where they control almost 80% of the market. Geographically, the cloud market would continue to grow strongly in all regions of the world.

“As far as cloud market numbers go, it’s almost as if there were no COVID-19 pandemic raging around the world,” said John Dinsdale, a Chief Analyst at Synergy Research Group. “As enterprises struggle to adapt to new norms, the advantages of public cloud are amplified. The percentage growth rate is coming down, as it must when a market reaches enormous scale, but the incremental growth in absolute dollar terms remains truly impressive. The market remains on track to grow by well over 30% in 2020.”

Inxy Hosting CDN Marketplace