Cloud infrastructure spending reached $74 billion in Q4 2024, according to industry analysts. AWS maintained market share leadership at 32%.
Market Share Breakdown
Microsoft Azure holds 23% market share, up from 21% year-over-year. Google Cloud Platform reached 11%, showing steady growth.
Smaller providers collectively represent 34% of spending, including Oracle Cloud, IBM, and regional providers.
Growth Drivers
AI and machine learning workloads drove significant spending increases. GPU instances saw 150% year-over-year demand growth.
Database-as-a-service and analytics platforms also showed strong adoption.
Enterprise Trends
Multi-cloud strategies continue gaining adoption. Survey data shows 89% of enterprises use two or more cloud providers.
Cost optimization remains a top priority. FinOps teams expanded in 67% of surveyed organizations.
2025 Outlook
Analysts project 20% annual growth continuing through 2025. AI infrastructure investments drive much of the increase.
Edge computing and hybrid cloud deployments show accelerating adoption in manufacturing and retail sectors.
