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Canalys (now part of Omdia) data estimates that global spending on cloud infrastructure services will reach $95.3 billion in the second quarter of 2025, a year-on-year increase of 22%. 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: increasing use of AI, the resurgence of traditional system migrations, and the scale development of cloud-native businesses. With top cloud vendors continuously enhancing their AI capabilities and more customers 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.
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