Visual Capitalist March 22, 2024
Today, the three largest cloud computing service providers command 66% of the global market.
Amazon, Microsoft, and Google have generated billions in revenues through their cloud infrastructure that provide the computing power companies need to store data. What’s more, most AI models are run on the cloud, creating a surge in computing demand for cloud providers.
The above graphic shows the largest cloud providers globally, based on data from Synergy Research Group.
Breaking Down the Cloud Market
Here are the world’s top cloud computing service providers based on enterprise revenues as of the fourth quarter of 2023:
| Provider | Country | Market Share Q4 2023 |
|---|---|---|
| Amazon Web Services | 🇺🇸 U.S. | 31% |
| Microsoft Azure | ...
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