5 Biggest Cloud Providers by Market Share in 2024

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In this article, we will look at the 5 biggest cloud providers by market share in 2024. We have also discussed the latest revenue and growth of top cloud providers in another article. If you are interested in reading about that along with a more extensive list, head straight to the 15 Biggest Cloud Providers by Market Share in 2024.

5. Salesforce Inc

Market Share Q4 2023: 3%

Salesforce (CRM) raised its annual profit forecast after beating third-quarter Wall Street targets. The increase is attributed to strong demand for its cloud and business products with the ongoing economic uncertainty and drove shares up 7%. Salesforce anticipates fourth-quarter revenue and profit to exceed expectations, indicating a potential uptick in tech spending amid cooling inflation. The company’s recent hiring of 3,000 staff after margin-focused job cuts earlier, reflect a focus on profitability. Additionally, the launch of its generative AI tool, Einstein Copilot, aims to enhance productivity across its suite of apps. Salesforce’s optimistic outlook signals a stable trajectory.

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