Cloud infrastructure services spend hits a record US$30 billion for Q4 2019

The worldwide cloud infrastructure services market reached a record high in the fourth quarter of 2019, with spending on services growing 37% to over US$30 billion, according to a new report from analyst firm Canalyst. The growth saw Amazon Web Services (AWS), Microsoft Azure, Google cloud and Alibaba Cloud battling it out for leadership of the market. Amazon Web Services remained the dominant cloud service provider in Q4 2019, accounting for 32% of total spend, while Microsoft Azure increased its share to 18% from 15% in the same period in 2018. And Google Cloud was the third largest cloud service provider with a 6% share, followed by Alibaba Cloud with 5%.