Is GCP Taking over Azure and AWS

Checkout the trends

Cloud computing is the hot trend since pre-pandemic and post covid-19. GCP (Google cloud platform) is making quite some noise for big data and analytic workloads.AI, Machine learning are making people rethink twice when coming to cloud costs.

Meanwhile, Google Cloud Platform has been building out partnerships with key enterprise players such as Salesforce, Informatica, VMware, and SAP. The company is also combining its G Suite and Google Cloud sales efforts. As of Q4 2021, the Google Cloud market share is 9% worldwide.

• Revenue growth has consistently been up to 45% over the past several years.
• The global cloud market was valued at $70.19 billion in 2021.
• That number is expected to grow to $83.41 billion in 2022.
• The cloud market is expected to have an annual growth rate of 19.1% for the entire industry.
• By 2029, the cloud market industry could be worth $376.37 billion.
• Amazon, Microsoft, and Google dominate 64% of the cloud market share.

As of Q4 2021, the Google Cloud market share is 9% worldwide. That puts it in 3rd place, behind AWS and Microsoft’s cloud service Azure. Still, GCP is one of the largest cloud companies in the world. Google Cloud’s market share fluctuation isn’t unusual. The other top cloud platforms have also remained stagnant over the past 5 years, showing little consistent growth or loss in total market share except for the occasional spike in popularity.

While there’s been little change in the top companies in the past few years, they’re still growing steadily. The cloud market was worth $274.79 billion in 2020 and is expected to have an annual growth rate of 19.1% for the entire industry. By 2029, the industry could be worth $376.37 billion.

While numbers did skyrocket due to the pandemic, the cloud market was already growing at a very rapid pace even before this.