Compared with the 19% year-on-year growth in the previous quarter, the growth in this quarter slowed down, and the report said that the main factor was the increase in market size.

Breaking down cloud infrastructure vendors, the top three providers AWS, Microsoft Azure, and Google Cloud together grew 20%, accounting for 65% of total spending, down from 22% in the first quarter.
AWS

Both AWS and Microsoft saw growth decelerations, but Google Cloud’s growth rate remained steady at 31% compared to the previous quarter.

Amazon Web Services (AWS) continues to lead the cloud infrastructure services market in Q2 2023, accounting for 30% of total spending, up 12% year-over-year.

AWS growth has more than halved since this time last year. Faced with slowing revenue growth, AWS is aggressively increasing its investments in artificial intelligence.
Microsoft Azure

Microsoft Azure captured 26% of the market after growing 26% annually, positioning it as the second-largest cloud service provider in the second quarter of 2023.

Business performance is expected to remain stable given its cloud order book rose 19% to $224 billion in 2Q23.
Google

With 31% year-over-year growth in Q2 2023, Google Cloud is the strongest growth among the top three hyperscalers, capturing 9% of the cloud market share.

Google’s approach to extending the depreciation period for servers and network equipment helps control operating costs and improves Google Cloud’s profitability.

The report states that in the current business environment, where the focus is on cost containment, cloud providers must ensure a large influx of new customers and workloads to drive revenue growth.

The emergence of artificial intelligence technologies is introducing new cloud workloads and will drive huge demand for computing power, creating new opportunities for cloud growth.

refer to

 Global cloud services market growth slows to 16% in Q2 2023

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Among them, the fastest growing infrastructure as a service (IaaS) and platform as a service (PaaS), despite the impact of multiple factors such as the strengthening of the dollar, but the annual revenue of these services still increased by 29%, a total of more than 195 billion US dollars. Private cloud hosting services, enterprise software-as-a-service (SaaS), and content delivery networks (CDN) contributed a further $229 billion in operating income, an increase of about 19% since 2021. Additionally, public cloud providers spent $120 billion building, leasing, and equipping their data center infrastructure, a 13 percent increase from the previous year.

According to Synergy, 15 companies in the public cloud ecosystem account for 60% of all public cloud-related revenues. The most talked about are Microsoft, Amazon, Salesforce and Google, followed by Adobe, Alibaba, Cisco, Dell, Huawei, IBM, Inspur, Oracle, SAP and VMware.

Geographically, the U.S. remains the “center of gravity,” with Synergy data showing that in 2022, the U.S. will account for 45% of all cloud service revenue and 53% of hyperscale data center capacity. The vast majority of leaders in services and infrastructure are US companies, followed by Chinese companies, accounting for 8% of cloud services revenue and 16% of hyperscale data center capacity in 2022.

Synergy expects the public cloud ecosystem to double in size over the next four years. During this period, the number of hyperscale data centers operated by cloud providers is expected to increase by 50%, and the capacity of data center networks will expand by more than 65%.

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