The weak economy has dented cloud computing growth, analyst Synergy Research said as its figures showed spending on the fluffy form of IT growing by a fifth in Q1.
According to the market watcher, Q1 enterprise spending on cloud infrastructure services hit $63bn globally.
The 20% annual rise that represents is well down from previous years, but in line with the previous quarter (spending was actually up 4% quarter on quarter).
“There is no doubt that the current economic climate has constrained some growth in cloud spending, but the market continues to expand at a healthy rate despite those short-term challenges,” Synergy said.
Microsoft and Google both boosted their market share by a percentage point during the quarter – to 23% and 10% respectively – thanks to their relatively strong performance, Synergy said. AWS’ share stands at 32 per cent, meaning the big three hog 65% of the total market.
“Economic pressures are crimping cloud spending in some quarters, but the foundational benefits of cloud adoption continue to drive the market to ever-higher levels,” Synergy said.
