Cloud solutions are in demand again: in the first quarter of 2024, the market grew between $13.5 billion and $76 billion, 21% more than in the first quarter of 2023. Experts attribute the market recovery to the development of generative artificial intelligence and the large amount of data necessary to build basic models.
Subscribe to RB.RU on Telegram
This data is provided by Synergy Research and explains the relationship between AI and cloud infrastructure:
“There is a symbiotic relationship between the rapid development and adoption of artificial intelligence and the scalable delivery of cloud software from the big three companies,” said Rudina Seseri, founder and managing partner of Glasswing Ventures, a financier of AI startups. , cited in TecnologíaCrunch.
The point is that cloud computing is necessary in all processes associated with creating AI tools for businesses, whether it’s Microsoft’s close ties with OpenAI or the development of Google Cloud (Alphabet made a lot of announcements about AI at a recent customer conference). or the expansion of Amazon’s data management divisions.
If Amazon’s cloud technology revenue in the second and third quarters of 2023 fell to 12% of the company’s total revenue, a slight increase began in the fourth quarter, and in the first quarter of this year revenue rose to 25 billion dollars, which is 17% more than a year before. In total, the company receives around 100 billion dollars through the roof, occupying a market share of 31%.
Azure holds another 25% of the market (the company’s cloud revenue grew approximately 31%), with Google in third place with an 11% market share (revenue increased 28% year over year).
“In total, we have a market valued at more than $300 billion, growing at a rate of 21% annually,” reiterates Synergy chief analyst John Dinsdale. “While we may not return to pre-2022 growth rates because the market has become too large, we do see the market continuing to expand substantially. “We predict it will double in the next four years.”
Author:
Ekaterina Alipova
Source: RB

I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.