Amazon still dominates the $16 billion cloud market
Michael Seto/Business Insider
And the company that more or less invented the concept, Amazon, is still far and away the dominant leader of a market that generated $16 billion for its biggest players, says market research firm Synergy Research Group.Synergy reports:Advertisement
- Amazon has 30% market share, compared to the next biggest player, Microsoft, with about 10%.
- Microsoft is growing the fastest, a 96% year-over-year leap, with Google close behind: 87% year-over-year growth.
- IBM is leading what's known as the "hybrid cloud market." That refers to when enterprises use the same cloud technologies in their own private data centers and also use a cloud provider.
The good news for all concerned: it's still early days for cloud computing, as $16 billion is only a tiny fraction of the almost $4 trillion that companies spend on tech annually worldwide.Here's how Synergy saw the fourth quarter of 2014 shape up: