Canalys: Global spending on cloud infrastructure services reached $95.3 billion in the second quarter, a year-on-year increase of 22%.

Canalys estimates show that global spending on cloud infrastructure services reached $95.3 billion in the second quarter of 2025, a 22% year-on-year increase. The market growth momentum remains strong, with year-on-year growth exceeding 20% for four consecutive quarters. The growth in cloud services demand is mainly driven by three factors: the increase in AI usage, the resurgence of traditional system migration, and the large-scale development of cloud-native businesses. As leading cloud vendors continue to enhance their AI capabilities and applications, more and more customers are adopting multi-cloud strategies to better balance cost control and specific scenario requirements. In the second quarter of 2025, AWS, Microsoft Azure, and Google Cloud maintained their rankings from the previous quarter, collectively accounting for 65% of global cloud infrastructure spending market share. Overall, the total revenue of the top three vendors increased by 27% year-on-year.