Category: cloud infrastructure market share
Cloud infrastructure market kept growing in Q2 reaching $42B
It’s often said in baseball that a prospect has a high ceiling, reflecting the tremendous potential of a young player with plenty of room to get better. The same could be said for the cloud infrastructure market, which just keeps growing with little sign of slowing down any time soon.…
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Cloud infrastructure spending passed on-prem data centers in 2020
There is a prevailing notion that while the cloud infrastructure market is growing fast, the vast majority of workloads remain on premises. While that could be true, new research from Synergy Research Group found that cloud infrastructure spending surpassed on-prem spending for the first time in 2020 — and did…
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DigitalOcean’s IPO filing shows a two-class cloud market
This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.” DigitalOcean’s offering comes amidst a hot streak for tech IPOs, and valuations that are stretched by historical norms.…
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In spite of pandemic (or maybe because of it), cloud infrastructure revenue soars
It’s fair to say that even before the impact of COVID-19, companies had begun a steady march to the cloud. Maybe it wasn’t fast enough for AWS, as Andy Jassy made clear in his 2019 Re:invent keynote, but it was happening all the same and the steady revenue increases across…
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AWS hits $10B for the quarter putting it on a $40B run rate
AWS, the cloud arm of Amazon, would be a pretty successful business on its own. Today, the company announced it has passed $10 billion for the quarter, putting the cloud business on an impressive run rate of more than $40 billion. It was a bright spot for the company in…
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In surprise choice, Zoom hitches wagon to Oracle for growing infrastructure needs
With the company growing in leaps and bounds, Zoom went shopping for a cloud infrastructure vendor to help it with its growing scale problem. In a surprising choice, the company went with Oracle Cloud Infrastructure. Zoom has become the go-to video conferencing service as much of the world has shut…
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