Canalys’ Post

#Global #cloud spend to exceed US$590 billion by 2028 #Worldwide #expenditure on cloud infrastructure services rose by 19.7% year-over-year, reaching $77.7 billion in Q1 2024. The #NorthAmerican region is experiencing the fastest growth, primarily due to the high acceptance and adoption rates of #AI #applications. The #AsiaPacific region follows. #Hyperscalers announced #cloud #infrastructure #investments in #Asia in Q1 2024 to expand #AI reach. Amazon Web Services (#AWS) achieved a growth of 17.1%, commanding a market share of 32.0%. #Microsoft #Azure achieved an annual growth rate of 31.1%, consolidating its position as the second-largest player with a market share of 23.3%. #GoogleCloud's market share increased to 9.2%, with an annual growth rate of 27.5%. #Alibaba #Cloud experienced year-on-year growth of 33.4%, capturing 4.6% of global market.

Amazon plans to invest $8.88 billion to expand its cloud computing infrastructure in Singapore, taking its Asia Pacific #investment to $17.3 billion. What makes Singapore a hot spot for #Amazon? Read on! https://lnkd.in/dxbeZ2zi #AWS #Cloud #TechNews #StayInformed #StayAhead #dailydose #followus #staytuned #stayconnected #technews #technology #trending #trendingnow #trendingnews #explore #explorepage #techdogs

Want to explore cloud platform providers’ competitive landscape? Use the Bloomberg Terminal’s KPIC <GO> function to analyze industry trends for the most significant KPIs across peers. Identify major players, evaluate differences among competitors, and learn about growth prospects. See how Amazon Web Services (AWS), Amazon’s cloud business and crown jewel, performs when the company releases earnings. AWS remains the biggest cloud provider with expected revenue of $24.1 billion for Q1 followed by Microsoft's Azure and Alphabet Inc.'s Google Cloud. 💡 Track the street’s forecasts for AWS to stay the market leader with annual revenue projected to reach $104.2 billion in 2024 and further significant growth through 2028. #BloombergTerminal #tech

The cloud market continues to grow with a 16.4% growth rate. Google Cloud upped its market share to 9.7% after growing 24.2%. It announced plans to increase incentives for partners that align with its AI development focus in 2024, aiming to encourage more partners to embrace AI technology.

The cloud market continues to grow with a 16.4% growth rate. Google Cloud upped its market share to 9.7% after growing 24.2%. It announced plans to increase incentives for partners that align with its AI development focus in 2024, aiming to encourage more partners to embrace AI technology.

💥 Cloud Revolution 💥 — The surge in cloud services is undeniable, with a towering 21% rise in Q1 to a mighty $76.5bn! 🚀 The insatiable demand for cloud computing keeps the tech world abuzz, and recent numbers are proof positive. The dominance of cloud infrastructure services - including IaaS, PaaS, and hosted private clouds - continues relentlessly. Despite economic tremors and geopolitical tensions, enterprise spending soared past $76bn globally. The robust core of the cloud market shrugs off headwinds with ease, driving growth rates up again. 🌐✨ From AWS's sustained leadership to the global embrace, each region contributes to this triumph. APAC leads in local currency growth, and the US still holds the crown for the largest market. What's impressive is the ace up the cloud industry's sleeve - generative AI. It's more than a trend; it's a force multiplier for cloud adoption. 🤖☁️ Looking ahead, market analysts see a cloud sector hitting $300bn annually, on course to double in the next four years. It's no small feat given its colossal size, yet the pace remains unyieldingly swift. Hyperscale datacentre expansion plays its part, fueling capacity for this digital juggernaut. 📈🌍 Let's not sideline the prime players: AWS, Microsoft, and Google leading a two-thirds market share. Alibaba and Salesforce trail with commendable shares too. This dance of giants shapes not just the cloud but the entire tech landscape. Are you riding the cloud wave? #CloudComputing #TechTrends #MarketGrowth

The cloud market continues to grow with a 16.4% growth rate. Google Cloud upped its market share to 9.7% after growing 24.2%. It announced plans to increase incentives for partners that align with its AI development focus in 2024, aiming to encourage more partners to embrace AI technology.

The cloud market continues to grow with a 16.4% growth rate. Google Cloud upped its market share to 9.7% after growing 24.2%. It announced plans to increase incentives for partners that align with its AI development focus in 2024, aiming to encourage more partners to embrace AI technology.

The cloud market continues to grow with a 16.4% growth rate. Google Cloud upped its market share to 9.7% after growing 24.2%. It announced plans to increase incentives for partners that align with its AI development focus in 2024, aiming to encourage more partners to embrace AI technology.

The cloud market continues to grow with a 16.4% growth rate. Google Cloud upped its market share to 9.7% after growing 24.2%. It announced plans to increase incentives for partners that align with its AI development focus in 2024, aiming to encourage more partners to embrace AI technology.