Our research shows that the Azure is poised to become the single largest contributor in Microsoft’s portfolio as it already holds a 33% revenue share for Q1 FY20. Recently, Azure has snatched major deals away from AWS, in particular, the USD 10 billion contract for the US Defense Department’s Joint Enterprise Defense Infrastructure project and the USD 2 billion infrastructure deal with AT&T. This report offers analysis-based insights into Azure’s offerings, advantages, partnerships, and deal activity to determine the future of the cloud vendor landscape going forward.ĪWS has long since benefited thanks to its first mover advantage but Azure has rapidly caught up in recent years. There is little doubt that Azure is giving AWS a run for its money and the state of the global cloud vendor market is undergoing a transformation.
As a result, the competition between cloud vendors has never been more intense, with Microsoft Azure and Amazon’s AWS emerging as the leading contenders.
In fact, the global shift towards a cloud-based environment is projected to grow the industry at a CAGR of 22.78% to reach USD 1.13 trillion by 2023.Ī major reason for this has been the push by IT decision makers to adopt a multi-cloud strategy for greater business agility and operational synergy. The global scale of IT spending is expected to cross USD 3.9 trillion in 2020 with a sizable share of this growth coming from cloud technology. Global businesses and organizations are continuing to invest in their technological evolution at an ever increasing rate.
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