Are from the future of cloud management arrive cloud spending in the age of machine learningour newest cloud investor survey gave me a lot of food to think about. That again came to my mind when I read a new report on the cloud computing market. These have merged as a new revenue path, but is it ever too early for startups to go that route? Let’s consider it. – Anna
Where is the money?
The sky is the limit for the cloud market. If Alphabet’s earnings fell short of expectations in Q3, it’s certainly not due to Google Cloud, the revenue driver up 37.64% the same period last year, from $4.990 billion to $6.868 billion. Meanwhile, Microsoft’s “Azure and other cloud services” increased 35%.
One of the key factors that make cloud revenue resilient even amid a tougher macroeconomic backdrop is committed spending. This creates a niche not only for AWS and its competitors, but also for independent software vendors selling through their marketplace.