Cloud services providers — Amazon Web Services (AWS), Microsoft Azure and Google Cloud — collectively grew 22 per cent in the first quarter to account for a 64 per cent share of customer spending, a report said
Amazon Web Services (AWS) was the leading cloud service provider in Q1, accounting for 32 per cent of total spending after growing 16 per cent year-on-year, according to market research firm Canalys
Microsoft Azure remained the second largest cloud service provider, with a 23 per cent market share after it grew by 27 per cent year-on-year
Google Cloud grew 30 per cent in the March quarter and accounted for 9 per cent market share
Worldwide cloud infrastructure services spending increased 19 per cent to $66.4 billion in Q1 2023
All the cloud hyperscalers were adversely affected, with their growth falling by four percentage points from the previous quarter
In response to slowing growth, they announced staff layoffs and other internal cost cuts in their cloud divisions
Regionally, APAC saw the weakest performance as customer spending reduced in Mainland China, impacting many of the Chinese hyperscalers