Cloud Infrastructure Expanded Its Market by 37%, Grew To £131bn in 2021
News February 9th 2022According to Synergy Research Data, it is estimated that the Cloud Infrastructure Market has seen a massive growth of 37%. It is believed to grow from £95 billion in 2020 to a whopping £131 billion in 2021.
Emphasizing on the final quarter, enterprise spending clocked out at £37 billion, which marked the same 36% improvement over the past 12 months.
The Cloud market is very much matured now, and hence, big giants like Amazon, Microsoft, and Google continue to grow at astonishing rates.
The chief analyst of Synergy Research Mr. John Dinsdale, said, “the value and attractiveness of cloud services is the actual reason of the 2021 market growth rate, that actually exceeded 2020 growth. Earlier also, the market has achieved numerous scales, but this one is by far very high. Enterprises are now ready to spend twice as much on cloud services as they spend on their own data centers”.
Amazon Web Services, known as the leader of Tech, is still growing faster than the market at 39% for the quarter. Even though its market share still remained persistent at 333% for a few years now, the company is growing at a faster rate.
The 3 Leaders
On the other hand, Microsoft and Google, both experienced an exceptional increase in a quarter of a growth rate of 45%. Among these two, Microsoft made its place as the faster-growing company at a greater rate.
The organization has started its journey just from 12% to 22% of the market share in just four years. They mostly focused on the small providers.
Whereas, Google is still growing from 6% to 10% in the same period, which failed to have the same market impact.
Dinsdale further added, “The competitive battle for the cloud market is getting more interesting. Amazon still holds the first position, with a wide margin, though Microsoft, Google, and Alibaba all continue to grow more rapidly. Microsoft’s market share is making huge gains and is now only 11% points behind Amazon. The rising flood still continues to lift up all boats, but some gets lifted more swiftly than others.”
In the public sector, all three giants have dominance, and they capture around 71% of the market.
Note that Synergy Research does not consider Software-As-A-Service (SaaS) revenue in their data.
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