Amazon’s strong cloud performance, a large part of its forecast-beating quarterly results, underscores robust growth for much of the cloud industry, especially for the biggest players
has racked up four straight quarters of cloud computing sales growth, a streak analysts are calling impressive and easing concerns that a customer shift toward multiple cloud vendors would hurt its leading market share.
Overall spending on cloud infrastructure services jumped 37 per cent to $178-billion in 2021, outpacing 34 per cent growth the year before, according to Synergy Research Group estimates.Azure and Google Cloud, also each grew market share by a percentage point during the last three months of 2021 compared with the prior quarter at the expense of smaller vendors, research company Canalys said on Thursday.
AWS said that a multicloud approach ultimately generates headaches for customers. “AWS has proven its reliability,” it said in a statement. Its cloud results were one of several factors sending Amazon’s stock as much as 17 per cent higher in extended trade on Thursday. Other cloud companies gained as Amazon’s results highlighted the industry’s prospects. Hashicorp Inc and Datadog Inc, firms which aim to make multicloud systems easier to manage, gained 5 per cent and 4 per cent respectively.Wells Fargo & Co last September announced it would move into the multicloud with Azure and Google.
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