The latest data of Synergy Research Group in the third quarter showed that US enterprises’ spending on cloud infrastructure services increased by 30% compared with the same period last year. In the past 14 quarters, the year-on-year growth rate of the United States has remained within the range of 27-34%, while the third quarter is close to the middle of this range. Although the global growth rate in the third quarter was impacted by the historically strong US dollar and the severely restricted Chinese market, the US market can avoid these macro problems and show the potential and basic strength of the cloud market.

With the continuous growth of US cloud computing expenditure by 30%, market leaders Amazon, Microsoft and Google together account for 76% of the local market. Although their share is gradually increasing, some smaller cloud providers are growing faster, most notably Snowflake and MongoDB, which provide cloud services through PaaS. The quarterly growth rate of Oracle’s cloud business has improved.

As most major cloud service providers have released their revenue data for the third quarter, Synergy estimates that the quarterly revenue of cloud infrastructure services in the United States (including IaaS, PaaS and hosted private cloud services) is close to $23 billion, and the revenue in the past 12 months has reached $84 billion. Public IaaS and PaaS services account for the majority of the market, and their growth rate is faster than that of hosted private cloud services. It is worth noting that the market share of PaaS in the United States is higher than that in other regions of the world, which indicates that the U.S. market is more developed.

John Dinsdale, chief analyst of Synergy, said: “In view of some special situations facing the current market, it is very important to have a deep understanding of the details to better understand the potential trends and their possible impact on future market growth. In this case, the analysis of the U.S. cloud market is enlightening. At present, the U.S. cloud service expenditure is growing at a rate of 100 billion dollars per year, and continues to grow at a rate of 30% per year, which is quite large for such a huge IT market Unusual. With some special circumstances playing a role in the system, the growth rate of the cloud market outside the United States will rebound. This helps support Synergy’s cloud forecast, which shows that cloud computing will continue to grow strongly in the next five years.”