Digital Transformation Slows Down the Global Economy
Amazon Web Services Ranks Higher In The Cloud Infrastructure Market In 2024
By Shubhendra Anand , 15 July, 2024
The global cloud market is dominated by Amazon Web Services (AWS), Google Cloud, and Microsoft at the beginning of 2024. The cloud infrastructure has grown over the years with the latest developments in the technical field. It is necessary to keep up with the cloud infrastructure in this world of artificial intelligence in 2024. Survey shows that Amazon web services rank higher in the cloud industry, leaving behind others in 2024. Retailers find Amazon Web Services to be a trustworthy cloud platform. Thus, Amazon's web services will be the most sought-after cloud platform in 2024.
Based on the surveys, amazon web services surpass other cloud industries to rank higher in position for the first quarter of 2024. AWS overcomes Microsoft as the latter slowly underperforms and reaches closer. However, Microsoft has served as the main market competitor for Amazon Web Services throughout all these years regarding cloud platforms. Microsoft has increased its Azure market share to 25 percent in the first quarter of 2024. It is noted that it has an all-time high market share in the cloud infrastructure market. According to a survey in 2024, Amazon Web Services acquired 31 percent of the market share globally. The market share for AWS was 32 percent globally in 2023. However, AWS, Microsoft, and Google together form a big-three group with 11 percent of the market share compared to others. The reported data shows that other cloud platforms are limited to lower single digits for the market in 2024.
According to the cloud market scenario, the cloud infrastructure is reportedly to spend up to USD 76 billion in 2024 globally. The overall expenditure in the cloud infrastructure for 2024 has increased by 21 percent from 2023, which is USD 13.5 billion. However, AWS ranks higher than other cloud platforms due to better management of services and better provision of granular control over security policies. The cloud computing business is compelling big companies to develop their performance and improve innovation.
AWS Performed Better Than Other Cloud Platforms In 2024
Latest News
Digital Transformation Slows Down the Global Economy
Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various…
German Companies’ Joint Venture to Boost Large Scale Storage in 2024
The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing…
Consumers Behavior Makes Food and Beverage Companies World Leaders in FMCG Rankings
Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare…
Need of More Renewable’s Growth to Replace Fossil Fuel’s Dominance in 2024
The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy transition in the energy sector. Hence, renewables like wind and solar energy are gaining momentum in the market. However, fossil fuels…
Global Economy Attains Stability, may Affect Consumers Behavior
The global economy faces new challenges in 2024 that economically represent both positive and negative aspects. According to survey data, the global economy will stabilize for the first time in three years. The world economy will experience economic…
Shubhendra Anand
Head Research
Latest News
German Companies’ Joint Venture to Boost Large Scale Storage in 2024
Consumers Behavior Makes Food and Beverage Companies World Leaders in FMCG Rankings
Need of More Renewable’s Growth to Replace Fossil Fuel’s Dominance in 2024
Global Economy Attains Stability, may Affect Consumers Behavior
