5 Biggest Cloud Providers by Market Share in the World

2. Microsoft Azure

Worldwide Market Share in Q3 2022: 21%

Microsoft Azure is the world’s second largest cloud infrastructure service provider with a global market share of 21%. According to Statista, Microsoft Azure has been a growth engine for Microsoft as the division generated 46% growth in Q2 fiscal 2022, 46% growth in Q3 fiscal 2022, 40% growth in fiscal Q4 2022, and 35% growth in fiscal Q1 fiscal 2023. In the future, there could be more growth given ChatGPT uses Microsoft Azure for its cloud computing. Microsoft is reportedly considering investing as much as $10 billion in OpenAI, which makes ChatGPT. If Microsoft makes the investment, OpenAI could potentially spend a substantial amount on Microsoft Azure.