Despite recent big tech economic and hiring pressures, Amazon Web Services, Google and Microsoft still control 76 percent of the cloud market, according to a Nov. 1 report from Synergy Research Group encompassing the third quarter of 2022.
In the first quarter of 2022, the big three cloud disruptors controlled 65 percent of the global cloud market. Additionally, the third-quarter report found that U.S. cloud spending grew 30 percent from last year.
Oracle also saw growth in its cloud business in the third quarter, according to the report.