Amazon Web Services (AWS) (NASDAQ: AMZN) continues to outshine its four key competitors in the cloud infrastructure market, according to a new Synergy Group report.
Despite Microsoft (NASDAQ: MSFT) seeing the highest revenue growth rate and IBM dominating the private and hybrid services segment, AWS continues to grow faster than the entire cloud services market, and its market share rose 29 percent in the first quarter.
"Across the full and varied spectrum of cloud activities there are now six companies that can lay a valid claim to having annual cloud revenue run rates in excess of $5 billion – AWS, IBM, Microsoft, HP, Cisco and salesforce – and all are able to claim leadership in different parts of the cloud market," said John Dinsdale, a chief analyst and research director at Synergy Research Group. "However, on a strict like-for-like basis AWS remains streets ahead of the competition in cloud infrastructure services."
Dinsdale added that the cloud infrastructure market "is growing much more rapidly than SaaS or cloud infrastructure hardware and software."
Meanwhile, Google (NASDAQ: GOOG) is gaining market share, but it is only half the size of Microsoft, and Salesforce takes the fifth spot.
Now that the majority of the major cloud providers have released their first-quarter earnings data, Synergy estimates that quarterly cloud infrastructure service revenues (including IaaS, PaaS and private and hybrid cloud) have now passed the $5 billion mark. Synergy said that the revenue growth came at a time when revenue growth in the quarter was "being held back by the strengthening U.S. dollar."
For more:
- see the release
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