In AI + Cloud Wars, Microsoft and Google Cloud Are Growing 2X as Fast as AWS (2024)

FAQs

Is Google Cloud growing faster than AWS? ›

Google Cloud is much smaller than AWS but they're growing faster. The new AI technology with modern cloud technology is making the difference. Oracle grew at 25%, almost twice as fast as AWS.

Google Cloud Platform (GCP)

Compared to AWS vs Azure, GCP is the smallest of the big three cloud providers. That said, it is the fastest growing, with a 54% market share growth rate, The Register reports. The company expects the business to grow 20% in 2024.

Out of the three cloud giants, Google Cloud reported the highest year-over-year sales growth rate at 28 percent. Google Cloud sales increased from roughly $7.5 billion in first-quarter 2023 to $9.6 billion as of first-quarter 2024.

In Q4 2021, AWS' 33 percent market share was 12 points higher than Microsoft's 21 percent share. Just two years later, AWS' 31 percent share is just 7 points higher than Microsoft's 24 percent share. Google Cloud won 11 percent share of the global cloud services market in the fourth quarter.

While GCP has a smaller number of data centers compared to AWS and Azure, they are known for their high-performance global network infrastructure. Google's expertise in network optimization ensures fast data transfer and low-latency connections, making GCP a preferred choice for latency-sensitive applications.

Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) are the big three cloud service providers today.

While Amazon has dominated the industry for more than a decade, AWS is growing far more slowly than Microsoft's Azure cloud infrastructure unit. If current trends continue, Azure could be the industry leader by 2026.

How is Amazon growing so fast? ›

Customer-Centric Approach

By prioritising the customer above all else, Amazon has garnered unwavering loyalty, and this customer loyalty translates to repeat purchases and consistent growth.

Amazon Aurora is a cloud-native relational database offered by Amazon Web Services (AWS). Its performance characteristics, ease of use, and compatibility with existing database engines have made it the fastest-growing service in AWS history.

Oracle Cloud

Oracle's cloud business has been one of the fastest-growing, with 43% year-over-year growth in Q4 2023. As a “legacy” software company, Oracle has been able to leverage its existing customer base and expertise to grow its cloud offerings.

Scalability in cloud computing can also mean reducing the need to predict future capacity as high demand can quickly be accounted for. Security: On the other side of the block, security and control were some of the major reasons why companies hesitated to move to the cloud.

AWS generated a record $26.3 billion in total sales during second-quarter 2024. This means AWS now has an annual run rate of $105.2 billion. Microsoft Azure revenue is included in the company's Intelligent Cloud group.

Compared to the same point in 2021, the three largest cloud providers increased their market share by at least 1%. Amazon, Microsoft, and Google combined had a 66% share of the worldwide market in Q3, up from 61% a year ago. Google Cloud's growth rate increased by 48%, boosting its market share by 1%.

Both AWS and GCP provide scalable solutions, but AWS leads in terms of global reach with more availability zones and data centers. However, GCP is known for its high-performance computing engine, making it a strong contender for compute-heavy applications. Wide range of instance types for various workloads.

Amazon Web Services (AWS) has an average salary of $106,210 USD across all jobs. Google Cloud (GCP) has an average salary of $105,454 USD across jobs.

In conclusion, the future of cloud computing is bright, and Google Cloud Platform is leading the way. GCP offers a powerful and secure platform that can help companies to scale their resources, improve their security, and access a wide range of services.