Business · Companies · 15 hrs ago
Cloud infrastructure market grows 55% as AI-focused providers gain ground
The global cloud infrastructure market grew 55% in the third quarter of 2026, its fastest growth rate on record.
It covers services that provide computing, software platforms and hosted private cloud systems.
The market reached $168 billion in sales during the quarter.
AWS remained the largest provider, but its share fell two points to 26%; Microsoft Azure’s share slipped to 19%.
Google Cloud’s share rose one point to 16%, while smaller providers focused on AI workloads, known as neoclouds, are also expanding.
SpaceXSI entered the top 10 by revenue after launching its service this year, and the market figures indicate that neocloud growth is taking share from established providers.
The global cloud infrastructure market grew 55% year over year in the third quarter of 2026, its highest growth rate on record.
The market was valued at $168 billion.
AWS held 26% of the market, down 2 percentage points, while Google Cloud rose 1 point to 16%.
AI-focused “neocloud” providers are growing rapidly and taking market share from established providers.
SpaceXSI, which began service this year, entered the market’s top 10 by revenue.
- Who
- Cloud infrastructure providers, including AWS, Google Cloud and AI-focused neoclouds.
- What
- The global cloud infrastructure market grew 55% year over year, reaching $168 billion.
- When
- The third quarter of 2026.
- Where
- Globally.
- Why
- The source says AI-focused neocloud providers are growing rapidly and taking market share from established providers.
This story does not have two clearly opposing sides.
SpaceXSI began offering services.
The global cloud infrastructure market reached $168 billion, growing 55% year over year.
- Market growth
- 55% year over year
- Market size
- $168 billion
- AWS share
- 26%, down 2 percentage points
- Google Cloud share
- 16%, up 1 percentage point
- SpaceXSI
- Entered the top 10 by cloud infrastructure revenue