Amazon and Microsoft control 56% of the world's cloud service market

Though the growth rate of the cloud infrastructure sector is well below its Covid-driven peaks, the industry has not only become a veritable behemoth but is also once again picking up pace due to the artificial intelligence (AI) boom.Throughout the massive growth period, there has also been a relative equilibrium among the market leaders, with Amazon (NASDAQ: AMZN) – through its Amazon Web Service (AWS) – remaining the biggest player in the industry. Finbold data retrieved on July 23, however, found that Mi ...