Cloud market share, Q3 2026
Three companies took 61% of worldwide spending on cloud infrastructure services in the quarter, by Synergy Research Group’s estimate.
How big the market is
Spending on cloud infrastructure services reached $168 billion in the third quarter of 2026. That was 55% more than in the same quarter of 2025.
Who is growing faster than the market
The market grew 55% in the third quarter. Measured on their own latest quarter, 4 of the 10 ranked companies grew faster than that and 6 grew more slowly. Quarters differ between companies, so read this as a rough comparison.
| Company | Growth | Quarter |
|---|---|---|
| Nebius | +454% | Q2 2026 |
| Oracle | +121% | Quarter ended Aug 31, 2026 |
| CoreWeave | +112% | Q2 2026 |
| Google Cloud | +103% | Q3 2026 |
| Microsoft Azure | +48% | Quarter ended Sep 30, 2026 |
| Alibaba Cloud | +45% | Quarter ended Jun 30, 2026 |
| DigitalOcean | +40% | Q3 2026 |
| AWS | +39% | Q3 2026 |
| Cloudflare | +39% | Q3 2026 |
| Akamai | +34% | Q3 2026 |
Sources
- Data Center Knowledge. Cloud Revenue Hits $168B as AI Capacity Expands. November 3, 2026.
- Constellation Research. AWS Q3 revenue growth surges 39%, capex stings Amazon’s cash flow. October 29, 2026.
- Microsoft Investor Relations. FY27 Q1 press release. October 28, 2026.
- The Next Web. Google Cloud revenue doubles to $30.7bn, beating forecasts. October 29, 2026.