Worldwide quarterly revenue rose by $35bn to $129bn, with trailing 12-month revenue at $455bn and a run rate of $514.4bn, Synergy Research Group said.
Amazon remained largest with 28% market share, while Microsoft and Google grew faster at 21% and 14%; public IaaS and PaaS revenue increased 38%, and neoclouds reached 5% of the market.
Synergy said AI is accelerating cloud demand, lifting the market to its fastest growth since late 2021; the US stayed the biggest market, while India, Indonesia, Ireland, Taiwan, Thailand and Malaysia grew fastest.
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