Published on May 3, 2024
In Global Tech

Microsoft Eats into Amazon’s Cloud Market Share

Microsoft Azure inches closer to Amazon with 25% cloud market share.

Image by Diksha Mishra

By Vandana Nair

The $76-billion global cloud infrastructure services market has once again been captured by the big three with a 67% combined market share. Amazon continues to dominate the cloud market with a 31% share, taking a 1% hit from the previous year. Microsoft, on the other hand, has been surging forward. Microsoft Azure is the King Microsoft Azure has shown steady growth in the cloud sector, showing an increased capture of the market. The recent quarter’s cloud revenue was $35.1 billion, which was up 23% year-on-year (YoY). The company is closely trailing Amazon with a global cloud market share of 25%. Microsoft’s large spread of AI offerings across its enterprise suite is proving to be its golden egg (the goose being OpenAI). “Our AI innovation continues to b

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Vandana Nair

As a rare blend of engineering, MBA, and journalism degree, Vandana Nair brings a unique combination of technical know-how, business acumen, and storytelling skills to the table. Her insatiable curiosity for all things startups, businesses, and AI technologies ensures that there's always a fresh and insightful perspective to her reporting. She now hosts her tech segment 'Point Break' on AIM Tv.