Despite this slowdown, the total figure for global cloud spending stood at $63 billion in the first quarter of 2023, up more than $10 billion from the same period in 2022. The top three players in the cloud market – Amazon, Microsoft, and Google – continue to dominate, with Amazon maintaining its position as the largest cloud provider, accounting for around one-third of the market. Microsoft and Google follow closely behind, with 23% and 10% of the market share respectively.
