AWS and Microsoft Azure dominate cloud market share

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Despite the Coronavirus pandemic causing a global economic downturn, the cloud computing market is defying forecasts, with Gartner’s latest forecast predicting 6.3% growth in global public cloud revenue in 2020 .

The pandemic has necessitated the need for remote working , creating an explosion in remote work and leading to a staggering 94% increase in the Desktop as a Service (DaaS) market. It is also forcing countless organizations to initiate or accelerate their digital transformation journeys in order to survive. Against this backdrop, AWS and Azure can be expected to continue to grow.

Whether you’re looking for IaaS , PaaS , or SaaS , you’ll discover a competitive cloud solution from Amazon Web Services and Microsoft Azure . Both providers have evolved to offer hundreds of cloud products and services, allowing them to compete in the vastness of the cloud market – their continuous innovation adds new cloud solutions that create lucrative new revenue streams.

Amazon Web Services revenue in 2020
AWS reached an annual revenue run rate of over $40 billion by the end bulgaria phone number dataof 2019. Its Q4 2019 earnings release reported AWS sales revenue of nearly $10 billion .

As 2020 unfolded and the severity of the pandemic took hold, we began to see a significant impact on AWS’s growth rate. Earnings releases for Q1 , Q2 , and Q3 2020 all showed year-over-year growth falling below 30% , a marked decline from the prior three years where growth was consistently between 40% and 50% .

Of course, this isn’t a doom-and-gloom scenario. AWS CEO Andy Jassy kicked off Amazon Web Services ’ recent re:Invent conference by announcing that the company had surpassed $40 billion in annual revenue. As of November 2020, AWS had added $10 billion more revenue in the previous 12 months, the fastest pace in its history.

Microsoft Azure revenue in 2020
While Amazon specifies its AWS revenue, Microsoft only reports the growth rate of Azure . This lack of specificity frustrates most cloud experts, as we simply cannot directly compare the size of AWS and Azure.