Preference to AI Tools is Limited to Group as Per Surveys of 2024
Amazon Web Services Ranks Higher In The Cloud Infrastructure Market In 2024
By Shubhendra Anand , 15 July, 2024
The global cloud market is dominated by Amazon Web Services (AWS), Google Cloud, and Microsoft at the beginning of 2024. The cloud infrastructure has grown over the years with the latest developments in the technical field. It is necessary to keep up with the cloud infrastructure in this world of artificial intelligence in 2024. Survey shows that Amazon web services rank higher in the cloud industry, leaving behind others in 2024. Retailers find Amazon Web Services to be a trustworthy cloud platform. Thus, Amazon's web services will be the most sought-after cloud platform in 2024.
Based on the surveys, amazon web services surpass other cloud industries to rank higher in position for the first quarter of 2024. AWS overcomes Microsoft as the latter slowly underperforms and reaches closer. However, Microsoft has served as the main market competitor for Amazon Web Services throughout all these years regarding cloud platforms. Microsoft has increased its Azure market share to 25 percent in the first quarter of 2024. It is noted that it has an all-time high market share in the cloud infrastructure market. According to a survey in 2024, Amazon Web Services acquired 31 percent of the market share globally. The market share for AWS was 32 percent globally in 2023. However, AWS, Microsoft, and Google together form a big-three group with 11 percent of the market share compared to others. The reported data shows that other cloud platforms are limited to lower single digits for the market in 2024.
According to the cloud market scenario, the cloud infrastructure is reportedly to spend up to USD 76 billion in 2024 globally. The overall expenditure in the cloud infrastructure for 2024 has increased by 21 percent from 2023, which is USD 13.5 billion. However, AWS ranks higher than other cloud platforms due to better management of services and better provision of granular control over security policies. The cloud computing business is compelling big companies to develop their performance and improve innovation.
AWS Performed Better Than Other Cloud Platforms In 2024
Latest News
Preference to AI Tools is Limited to Group as Per Surveys of 2024
Artificial intelligence is driving all industries with cutting-edge technologies and solutions. In 2024, generative AI is transforming the markets from industrial to healthcare, technology, and others. Many reputed industrial leaders have stated that…
Europe’s Wind Power to Boom in 2024
Europe's wind power industry for the year 2024 seems to have antics of growth and probably other challenges while continuing with the shift towards the use of renewable energy. Development and investment activities like the European  Union's…
Europe on a Verge to Face Energy Crisis
Europe's gas storage levels have been depleting at a faster pace over the years. In the last eight years, European gas storage has experienced a stunt decrease. The survey reports for 2024 show that the European region is experiencing depleting…
Slow Evolving Automotive Market may Impact Green Transition
The global automotive industry faces multiple challenges in 2024. It is due to several other reasons apart from its affordability. Since the beginning of 2024, automotive trends have been evolving, shaking the balance of the automotive domain. A…
Indian Ferro Alloys Faces Numerous Challenges in 2024
Ferro alloys play a crucial role in India’s steel industry. The manufacturing and production sector relies on ferro alloys to boost the nation's heavy industries and steel production. A survey of 2024 shows that the ferro alloys market is facing…
