According to Enterprise Cloud News, Microsoft is the fastest growing US cloud service provider, with revenue up 90% year-over-year in its third quarter.

AWS and Google own 42% and 76% of the cloud market, with IBM “gaining not a lot”, according to Canalys.

Oracle is growing, but from a small base, and Salesforce and Rackspace “maintain a strong position in specific niche segments” revealed Synergy.

Synergy estimated that quarterly cloud infrastructure revenues and hosted private cloud reached US$12billion, and are growing at more than 40% per year.

John Dinsdale, a chief analyst and research director at Synergy Research Group, said in a statement: “While we forecast 40% growth in the total market for 2017, there’s still something a little shocking about seeing a business unit the size of AWS consistently growing its revenues by over 40%.

“Microsoft and Google too deserve plaudits for the growth rates they are achieving, while IBM is gaining market share in its sweet spot of hosted private cloud services.

“It is becoming increasingly difficult for cloud providers outside of the leading pack to make an impression on the market share rankings.”

Written by Leah Alger