An Exploding, Consolidating Market
Global spending on cloud infrastructure services remarkably accelerated in 2018, making clear any slowdown from the boom of recent years is still over the horizon.
The annual growth rate ticking up “is an unusual phenomenon for a high-growth market of this scale,” noted John Dinsdale, chief analyst at Synergy Research Group, in the researcher’s latest report based on full-year financials.
What most jumps out from Synergy’s chart is where the gains are coming.
The already dominant market leaders extended their advantages over the field in 2018, accumulating more share amid almost 50 percent year-over-year expansion across the industry.