Canalys: In the second quarter, global spending on cloud infrastructure services reached $95.3 billion, with a year-on-year rise of 22%.

Jin10 data reported on September 9, Canalys data estimates that global cloud infrastructure service spending will reach $95.3 billion in the second quarter of 2025, a year-on-year increase of 22%. The market growth momentum remains robust, having sustained over 20% year-on-year growth for four consecutive quarters. The growth in demand for cloud services is primarily driven by three factors: the increase in AI usage, the recovery of traditional system migrations, and the scaling of cloud-native businesses. As leading cloud vendors continuously enhance their AI capabilities and applications, more and more customers are adopting multi-model strategies to better balance cost control and specific scenario needs. 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 grew by 27% year-on-year.