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Big Tech’s biggest earnings story is the growth power of the public cloud – TechCrunch

by Patricia
July 29, 2022
Big Tech’s biggest earnings story is the growth power of the public cloud – TechCrunch


When the Great 3 cloud infrastructure providers – Amazon, Microsoft and Google – announced their earnings this week, it was clear that the cloud was helping them maintain their overall numbers. But perhaps most surprisingly, after years of 33% market share, AWS rose a tick to 34% in the second quarter, according to figures from Synergy Research.

Even more surprisingly, after years of steady market share growth, Microsoft has dropped a notch, from 22% last quarter to 21% this quarter. Google came in third, holding at around 10%.

Synergy chief analyst John Dinsdale said Microsoft’s slight decline in market share is likely due to the law of large numbers – Microsoft has been unable to sustain its recent growth.

“The days of Azure growing 50% to 80% year over year are over. Once you reach a certain scale, it’s next to impossible to grow organically at such high rates. Its growth rates therefore trended downward, as they should. AWS experienced the same phenomenon long before Azure got there. Despite the second-quarter market share changes you saw in our article, the Azure’s rolling annualized growth rate remains a bit higher than AWS’s,” Dinsdale told TechCrunch.

But he said AWS’s ability to continue to grow at the rate it is growing is nothing short of remarkable.


techcrunch Gt

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