Q2 2017 results reveal cloud infrastructure growth of 47%

According to Q2 2017 results, the cloud infrastructure market grew by 47% YoY, reaching a total of $14 billion. Overall the top four cloud service providers represented 55% of the entire cloud infrastructure services market, according to analysis by Canalys. In order these are: Amazon Web Services (AWS) at the top, growing 42% YoY and accounting for 30% of the total spend, although it grew at slower rate than two of its competitors. Second came Microsoft with 97% growth; third was Google with a 92% growth rate, and lastly IBM which grew at a rate of 23%, the only one of AWS’s rivals to be beaten in terms of growth.