Microsoft is betting the company on their cloud services, and for a number of years this has been paying off handsomely.
Their only real competition is cloud leader Amazon with AWS, but cloud solution provider Flexera reports that their lead is rapidly slipping, according to their latest RightScale 2019 State of the Cloud Report.
In the annual survey of 786 IT professionals in small, medium, and large companies, they found that while Amazon still led, their market share dropped from 64% to 61% in 2019.
In turn, Microsoft grew from 45% to 52% of the market. When it came to the largest companies Microsoft grew from 60% to 67%.
Google only grew 1% from 18% to 19%.
Most companies have multi-vendor strategies which is why the numbers add up to more than 100%.
Microsoft’s cloud revenue grew even faster, with 76% growth year on year, while Amazon “only” grew 45%.
With Microsoft already a very enterprise-friendly and increasingly neutral party, it seems likely that Microsoft will soon take the majority of the enterprise cloud services market, which will hopefully be enough to justify the market capitalization of what is, after all, the most valuable publicly traded company in the world.