HomeBusiness NewsBusinessBusiness GrowthMicrosoft Cloud revenue hit $59.5bn in 2020 due to pandemic

Microsoft Cloud revenue hit $59.5bn in 2020 due to pandemic

by LLB Finance Reporter
23rd Feb 21 9:44 am

According to the research data analyzed and published by Comprar Acciones, Microsoft was the top cloud vendor in 2020. Its revenue for the year totaled $59.5 billion, 31% higher than Amazon Web Services (AWS) which ranked second.

Based on analyst’s data, worldwide spending on cloud infrastructure in 2020 amounted to $142 billion. Compared to 2019’s $107 billion, that was a 33% year-over-year (YoY) increase.

Top Five Cloud Service Providers Accounted for 58% Market Share in Q4 2020

In Q1 2020, Microsoft generated $13.3 billion, increasing to $14.3 billion in Q2 2020, $15.2 billion in Q3 2020 and $16.7 billion in Q4 2020.

Comparatively, AWS cloud revenue was $10.22 billion in Q1 2020, rising to $10.81 billion in Q2 2020, $11.6 billion in Q3 2020 and $12.74 billion in Q4 2020. For the full year, Amazon made $45.4 billion and captured the second spot.

Google Cloud moved to the third spot, overtaking Salesforce, thanks to its $13 billion in annual revenue. Cumulatively, AWS and Google Cloud raked in $58.4 billion during the year, lower than Microsoft’s tally.

Q4 2020 was particularly impressive for the market as a whole, with global spending soaring by 32% YoY to $39.9 billion. Compared to Q3 2020, there was a 10% quarter-over-quarter (QoQ) increase. It was the largest quarterly growth on record in dollar terms.

During the quarter, Microsoft Azure, AWS and Google Cloud accounted for a 58% share of the market’s revenue. According to Synergy Group, the top five service providers accounted for an 80% share of the market in 2020. Excluding Microsoft and AWS however, the market still grew at a 30% rate, highlighting opportunities even for smaller players.

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