Canalys reports that global cloud infrastructure service spending increased by 16% year-on-year in the second quarter of 2023, with the three major vendors accounting for 65% of the market share.

News from this site on August 11, according to the latest report released by market research agency Canalys, Global cloud infrastructure service spending in the second quarter of 2023 was US$72.4 billion (Note from this site: currently approximately 523.452 billion yuan) ), a year-on-year increase of 16%.

The report pointed out that the main reason for the slowdown in growth in this quarter was the expansion of market size, although it increased year-on-year compared with the previous quarter. 19%

The growth of the three major cloud infrastructure vendors, AWS, Microsoft Azure and Google Cloud, totaled 20%, accounting for 65% of total spending, down from 22% in the first quarter

AWS

While AWS and Microsoft's growth rates have slowed, Google Cloud's growth rate has remained stable, still at 31% compared to the previous quarter

In the second quarter of 2023, Amazon Web Services (AWS) continues to lead the cloud infrastructure services market with 30% market share and achieved 12% year-over-year growth

AWS’s growth has slowed by more than 50% since the same period last year. To cope with the challenge of slowing revenue growth, AWS is actively increasing its investment in artificial intelligence Becoming the world's second largest cloud service provider in the second quarter of 2023

Business performance is expected to remain stable, with cloud orders expected to grow 19% in the second quarter of 2023 to US$224 billion

Google

Google Cloud has achieved the strongest growth among the top three hyperscale companies with a year-on-year growth rate of 31% in the second quarter of 2023, with its cloud market share reaching 9%

By extending the depreciation period of servers and network equipment, Google can effectively control operating costs and improve Google Cloud’s profitability

According to the report, cloud providers should focus on cost control in the current business environment , to ensure it attracts a large number of new customers and workloads, thereby driving revenue growth

The rise of artificial intelligence technology will introduce new cloud workloads, thereby Driving huge demand for computing power, creating new opportunities for the growth of cloud services Please provide your original words so I can help you rewrite

The growth rate of the global cloud services market decelerates to 16% in the second quarter of 2023.

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