AWS, Microsoft, and Google, the big three public cloud providers, all saw double-digit growth in cloud revenues in the most recent quarter.
Over the last ten days, the main three public cloud providers — Amazon, Microsoft, and Google — have all released profits, with all three showing cloud gains. Despite Google's and notably Microsoft's recent strong quarters, Amazon remains the industry leader in terms of revenue share. On Feb. 3, Amazon released its fourth-quarter fiscal 2021 earnings, with AWS revenue of $17.8 billion, a 40 percent increase over the fourth quarter of 2020.
On Amazon's earnings call, CFO Brian Olsavsky noted, "AWS experienced a continuation of the strong usage and revenue growth we've seen throughout 2021." "AWS increased revenue year over year for the first time in its history."
AWS Public Cloud Services Continue to Lead Azure, Google Cloud
According to Olvsavsky, AWS held its 10th annual re:Invent conference in the fourth quarter, when it introduced more than 115 new services and capabilities. Private 5G, which assists carriers with 5G cellular deployments, as well as AWS Cloud WAN and the Amplify low-code developer studio, were among the new services announced.
As the COVID-19 pandemic scenario stabilizes, it's not simply new services that are driving up AWS usage; it's also an increase in overall demand.
"COVID has been a mixed bag for different companies. Some had volumes that were through the roof, while others had volumes that were through the floor "According to Olsavsky. "As things have settled down, I believe that a lot more people have committed to moving to the cloud as they have gained a greater understanding of the benefits."
Microsoft and Google Picking Up the Pace in Cloud
On Jan. 25, Microsoft released its financial results for the second quarter of fiscal year 2022. Intelligent Cloud, which comprises Azure public cloud services, brought in $18.3 billion in revenue, up 26% year over year.
On February 2, Alphabet, the parent company of Google, released its profits, with Google Cloud revenue of $5.54 billion, up 45 percent year over year.
"Despite the vast size that has already been achieved, the 2021 market growth rate actually topped 2020 growth, which is a clear testament to the value and desirability of cloud services," said John Dinsdale, a lead analyst at Synergy Research Group, in a statement.
Organizations are now spending more on cloud services than on their own data centers, according to Dinsdale. Even though AWS dominates the industry by a large margin, he said the struggle for market share is becoming more exciting.
"Microsoft's market share is increasing at a rapid pace, and the company is now only eleven percentage points behind Amazon," Dinsdale added. "All boats are being hoisted by the increasing tide, but some are being lifted faster than others."
Source: itprotoday
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