Why These 3 Cloud Companies Will Continue to Take Market Share
The cloud infrastructure market today is dominated by an oligopoly of giants that got into the business early and grew their operations quickly: Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT). Now, with the benefit of economies of scale, they are positioned to maintain and expand their commanding leads in a market with a long growth runway.
But their stocks are down significantly this year, which some investors may see as an opportunity.
Between them, Amazon, Google, and Microsoft have captured a majority of the $180 billion global cloud infrastructure market. Amazon Web Services (AWS) is the 800-pound gorilla with about a third of the market. Microsoft's Azure and Alphabet's Google Cloud check in at 21% and 10%, respectively.
Source Fool.com
