Alibaba and Google are rising in cloud market share, but the two frontrunners are clear.
Synergy Research Group released its quarterly tracker of public cloud providers. The firm found that enterprise cloud infrastructure services spending exceeded $39 billion in the first quarter. That increased from $37 billion in the fourth quarter. Moreover, spending in the first quarter increased by 37% over the same quarter in 2020.
Amazon and Microsoft remain the dominant players, jointly earning the majority of worldwide cloud revenue. According to Synergy, Microsoft Azure is slowly gaining on AWS, although AWS continues to hold a clear lead in the cloud market. As of the end of the fourth quarter, Microsoft had just reached 20% market share while Amazon stood steady at about 33%.
Synergy groups infrastructure as a service (IaaS), platform as a service (PaaS) and hosted private cloud services into the …