{"id":40822,"date":"2020-05-05T10:15:12","date_gmt":"2020-05-05T10:15:12","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=f84eaf9927a3a2007d3415bc95460588"},"modified":"2020-05-05T10:15:12","modified_gmt":"2020-05-05T10:15:12","slug":"coronavirus-pandemic-provides-boost-for-cloud-sales","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/coronavirus-pandemic-provides-boost-for-cloud-sales\/","title":{"rendered":"Coronavirus pandemic provides boost for cloud sales"},"content":{"rendered":"


\n Daniel Todd<\/a><\/span>
\n <\/span><\/p>\n

\n
\n
5 May, 2020<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

\n<\/a><\/p>\n

\n

The current global COVID-19 pandemic<\/a> has had a “mildly positive impact” on cloud sales, the latest analysis from Synergy Research has revealed.<\/p>\n

As other industries have suffered at the hands of the virus and subsequent containment measures, cloud service providers<\/a> have recorded significant growth as many businesses switch to remote working.<\/p>\n

During Q1 2020, spending on cloud infrastructure services hit $29 billion, marking a 37% increase from the first quarter of last year. Although this was in line with expected market growth rate, the research firm said there were no signs of a meaningful negative impact and “anecdotal evidence” suggested positive market tailwinds.<\/p>\n

<\/p>\n

\nSynergy also estimated that market revenue for the last 12 months totalled $104 billion, with public Infrastructure-as-a-Service<\/a> (IaaS) and Platform-as-a-Service<\/a> (Paas) increasing by 39% during Q1 2020.<\/p>\n

“While COVID-19 is having a devastating impact on communities and economies around the world, indications are that it is having a mildly positive impact on the cloud infrastructure services market,” commented John Dinsdale, chief analyst at Synergy Research Group.<\/p>\n

In terms of the big market providers, Amazon Web Services (AWS<\/a>) continued to mirror the overall market trend with a global market share of 32%, while Microsoft increased to 18% following a strong year of growth.<\/p>\n

Key players Google, Alibaba and Tencent were also found to be significantly outpacing the market and gaining market share, Synergy added, with all three firms seeing revenue increases of 45% or more year-on-year.<\/p>\n

“For sure the pandemic is causing some issues for cloud providers, but in uncertain times the public cloud is providing flexibility and a safe haven for enterprises that are struggling to maintain normal operations,” Dinsdale added.<\/p>\n

“Cloud provider revenues continue to grow at truly impressive rates, with AWS and Azure in aggregate now having an annual revenue run rate of well over $60 billion.” <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Daniel Todd<\/p>\n

5 May, 2020 <\/p>\n

The current global COVID-19 pandemic has had a “mildly positive impact” on cloud sales, the latest analysis from Synergy Research has revealed.
\nAs other industries have suffered at the hands of th…<\/p>\n","protected":false},"author":520,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40822","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/520"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=40822"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40822\/revisions"}],"predecessor-version":[{"id":40823,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40822\/revisions\/40823"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=40822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=40822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=40822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}