Canalys: Estimated global cloud infrastructure service spending reached $95.3 billion in the second quarter, a year-on-year increase of 22%.

According to the Zhitong Finance and Economics APP, Canalys data estimates that in the second quarter of 2025, global cloud infrastructure service spending reached $95.3 billion, a 22% year-on-year increase. The market growth momentum remains strong, with consecutive four quarters of year-on-year growth exceeding 20%. The growth in cloud service demand is mainly driven by three factors: the increase in AI usage, the revival of traditional system migrations, and the scaling development of cloud-native businesses. With the continuous enhancement of AI capabilities and applications by the top cloud vendors, more and more customers are adopting a multi-model strategy to better balance cost control and specific scenario requirements. In the second quarter of 2025, AWS, Microsoft Azure, and Google Cloud maintained their rankings from the previous quarter, together accounting for 65% of the global cloud infrastructure spending market share. Overall, the total revenue of the top three vendors increased by 27% year on year.