Microsoft Azure grows market share in cloud services

Microsoft has outgrown its top cloud platform competitors in the second quarter of 2018, growing its market share by three percentage points to 14%, CNBC reported.

At the end of Q2 2018, Amazon had 34% market share, while Google had 6%. Amazon’s market share is bigger than its next four closest rivals combined.

The findings come from new data released by Synergy Research, which stated that Amazon and Google grew their shares of the cloud market by one percentage point each.

According to the report, Amazon grew its cloud revenue by almost 49% during the quarter to $6.11 billion. Microsoft did not reveal its quarterly revenue for Azure, but said revenue for its cloud platform grew by 89%.

Google did not release any figures for its cloud business for the last quarter, but Synergy said that the revenue growth at Microsoft, Google, and Alibaba was far greater than the overall market growth rate.

Synergy Research Q2 2018 cloud competition

Now read: Google to add blockchain technology to its cloud platform

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Microsoft Azure grows market share in cloud services