Spending on cloud infrastructure from Amazon Web Services, Microsoft Azure, Google Cloud and others reached $39.9 billion in the fourth quarter of last year – up $10bn year on year.
Collectively, AWS, Microsoft Azure and Google Cloud earned 58% of the industry’s revenues. For the full year, cloud spending was up 33% to $142 billion from $107 billion in 2019.
AWS remains the top cloud provider with a 31% share of total spend in Q4 2020, which is slightly down on the 32.4% share it had in Q4 2019. Nonetheless, its revenues grew 28% year on year in Q4 2020.
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AWS and Google parent Alphabet reported Q4 2020 earnings this week. AWS Q4 2020 revenues reached $12.74 billion with operating income of $3.56 billion. Google Cloud, which includes