Is Cloud Spending Facing a Decline?


News that spending on leading cloud platforms, namely Amazon Web Services (AWS), Microsoft Azure and Google Cloud, fell in April compared to the first quarter has raised concerns that this is the start of an ongoing period of instability could be.

According to insider reportAWS saw its market share drop by around 4%, Microsoft fell by 2% and Google by 8%.

Morgan Stanley retail analysts also said there could be a potential slowdown in cloud computing spending. as reported by Barron’s. As the broader global economic environment shows signs of turbulence and companies look to cut costs, some believe cloud spending will be one of the first areas where cost-cutting action is taken.

Costly commitment

Large companies can spend up to £1million a month on cloud computing costs, and that number is only going to increase as companies like Google have announced price increases. Rising costs may prompt some companies to reconsider their cloud…

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