Global Cloud services market reaches $55.9 billion in Q1 2022 as spending increases 34 per cent

The top three cloud service providers benefited from increased adoption and scale, collectively growing 42% year on year and accounting for 62% of global customer spend, according to market research firm Canalys. Amazon Web Services (AWS) was the leading cloud service provider in Q1, accounting for 33% of total spending after growing 37% on an annual basis.

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