5 Biggest Cloud Providers by Market Share in the World

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1. Amazon Web Services

Worldwide Market Share in Q3 2022: 34%

Amazon Web Services or AWS is Amazon.com’s cloud computing business which leads in the world in terms of scale. In Q3 2022, Amazon Web Services had a 34% market share in the cloud infrastructure service market, which gives it substantial economies of scale that allow it to realize fairly attractive margins. In Q3 2022, AWS sales were $20.5 billion, accounting for 16% of Amazon.com’s total sales. Operating income for the division was $5.4 billion and operating margin was 26.3%. Although its Q3 results were lower than some estimates, many still believe AWS has a lot more growth ahead of it given the expected industry growth in the next decades.

Indeed Amazon Web Services is investing substantial sums for the future as it recently announced plans to invest $35 billion by 2040 to expand its data centers in Virginia that will create 1,000 jobs.

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