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Cloud Computing ☁️
What do you store in the cloud?
Today’s newsletter explores the topic of cloud computing. In particular, we revisit the big players in this space and how much of the market they each occupy. Furthermore, we focus specifically on Microsoft and see just how much revenue this technology brings in for them. Finally, we visualise the breakdown of what people tend to store within the cloud.
Market share of cloud services
The market share of cloud services has been dominated by a few key players, primarily Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). These companies hold the lion's share of the market, collectively accounting for a significant portion of cloud services usage worldwide. AWS, known for its robust infrastructure and diverse range of services, has been the long-standing leader, while Microsoft Azure has been steadily gaining ground with its integrated suite of tools and enterprise-focused solutions. Google Cloud Platform, with its emphasis on data analytics and machine learning, has also been carving out a niche for itself.
Microsoft cloud revenue
Microsoft's cloud services, primarily represented by its Azure platform, has been a significant contributor to the company's overall revenue. Microsoft's commercial cloud segment, which includes Azure, Office 365, and other cloud-based services, has been a key growth driver for the company, gradually narrowing the gap between its biggest competitor, Amazon Web Services. Azure has experienced rapid growth, with a substantial increase in adoption from both enterprises and small to medium-sized businesses, bolstering Microsoft's overall financial performance. As may be seen below, by 2022, it is accounting for almost 50% of total revenue.
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What do people store in the cloud?
People tend to store a diverse range of data and information in the cloud, leveraging its convenience and accessibility. This can include personal files such as photos, videos, and documents, which are often stored for backup and easy sharing across multiple devices. Additionally, businesses commonly utilize the cloud for storing critical data, including customer information, financial records, and operational documents. Cloud storage also serves as a platform for hosting applications, websites, and other digital assets. With the increasing adoption of cloud-based services, individuals and organizations also store a variety of digital assets such as music, e-books, and software backups. As the cloud continues to evolve, its flexibility and scalability make it an attractive option for storing an expanding array of digital content.
See you on Wednesday!
Created by Amara
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