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Cloud Infrastructure Market Growth Shows Resilience Amid Economic Headwinds

CLOUD INFRASTRUCTURE MARKET GROWTH SHOWS RESILIENCE AMID ECONOMIC HEADWINDS

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The latest report from research firm Canalys indicates that the cloud infrastructure market is exhibiting resilience despite earlier concerns about spending cuts in the enterprise IT sector. The impact of these cuts appears to be easing, and the market is experiencing consistent growth. In the third quarter, spending on cloud infrastructure services reached $72.4 billion, marking a 16% year-on-year increase.

Hyperscalers dominate, AI takes  center stage

The dominance of the three major hyperscalers—Amazon Web Services (AWS), Microsoft Azure, and Google Cloud—is pronounced, accounting for 65% of the total spending. These giants collectively grew by 20%, slightly outpacing the broader market. AWS maintains its position as the leading provider with a 31% market share, followed by Microsoft at 25%, and Google at 10%…

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