The worldwide cloud market grew at a robust clip in the first quarter, and the big three vendors dominated, according to a new report released by Canalys.
Cloud Spending Maintains Red-Hot Pace
First-quarter cloud infrastructure spending climbed 34 percent year-over-year and about 12 percent from the previous quarter to $55.9 billion, Canalys said.
The top three vendors, namely Amazon, Inc.’s AWS, Microsoft Corporation’s Azure and Alphabet, Inc.’s Google Cloud, benefited from increased adoptions and scale.
These, according to Canalys, collectively grew 42 percent year-over-year and accounted for 62 percent of the global customer spend.
“Cloud has continued to be a hot market and transformation strategies are emphasizing digital resiliency to face the market challenges of today and tomorrow,” said Canalys analyst Blake Murray.
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