That’s well below where it needs to be to catch up with the leaders. By our estimates, GCP’s growth rate decelerated from 47% in Q1 to 38% this past quarter. Azure will be more than two-thirds the size of AWS, a milestone for Microsoft.īoth AWS and Azure came in slightly below our expectations but still very solid growth at 33% and 46%, respectively. Remember, both GCP and Azure play a shell game and hide the ball on their true IaaS numbers, so we have to use survey data and other means of estimating… but this is how we see the market shaping up in 2022. The big four hyperscalers will account for $165 billion in revenue this year, slightly lower than we had forecasted for the year back in the spring.
The chart above gives update of our big four IaaS quarterly revenue data. The cloud continues its relentless march, despite some very slight deceleration in growth rates from the two leaders and a major dip in Google Cloud’s growth. AWS and Azure remain solid – GCP growth rate takes a big hit Which is why it’s not surprising that investors sold the Nasdaq at the close on Friday.Īre people ready to call the bottom? Some maybe but still lots of uncertainty. 1, the market will likely realize that we’re deep into the summer quarter and there’s still lots of risk, volatility ahead and plenty of work to be done.
What does that mean for growth and the economy in general? And on Monday, Aug. How bad will inflation be? Will the Fed really stop tightening after September? The Senate just approved a big spending bill along with corporate tax hikes. The Nasdaq has seen its best month in the post-isolation economy, which Breaking Analysis contributor Chip Symington attributes to what he calls an “oversold rally.”īut there remain many unknowns.
Then there’s Inc., which beat on revenue, beat on cloud revenue, gave positive guidance and was up double digits most of the day. and some others underscored cautious outlooks, especially from those exposed to the advertising revenue.Īt the same time, Apple, Microsoft and Google were, let’s say, “less bad”than expected and that brought a sigh of relief. Reports from Meta Platforms Inc., Google LLC parent Alphabet Inc., Microsoft Corp., ServiceNow Inc. Meanwhile, Intel Corp., the great semiconductor hope for America, misses by a mile, cuts its revenue outlook by 15% for the year, and the Nasdaq rises nearly 250 points just ahead of the close. A player such as Snap misses earnings and the Nasdaq drops 300 points.
Including us.Īs we reported last week, the macro spending picture is very mixed - and weird. Think back to a week ago when Snap Inc. It’s earnings season and that’s what many people want to talk about. We’ll also dig deeper into some technical aspects of Amazon Web Services Inc.’s Nitro, a system we believe is one of AWS’ secret weapons, with a focus on confidential computing and what it means for the future of systems architecture. In this Breaking Analysis, we share our puts and takes from the recent AWS re:Inforce conference with an update on the latest hyperscale infrastructure-as-a-service market shares and insights from ETR survey data. The DevSecOps team has emerged as the critical link between strategy and execution, while audit becomes the “free safety” in the equation – the last line of defense. Specifically, the cloud is increasingly becoming the first line of cybersecurity defense.Īs such, along with communicating to the board and creating a security-aware culture, the chief information security officer must ensure that the shared responsibility model is being applied properly. The rapid pace of cloud adoption has changed the way organizations approach cybersecurity.