Synergy: the cloud market passes $143 billion in Q2 2026, record 43% growth

2026-07-30 · Publisher : Synergy Research Group · Domain : Cloud & DevOps

Synergy Research puts the cloud infrastructure market at $143 billion in Q2 2026, up 43% year on year, the highest growth in eight years. Amazon holds 28% of the market, Microsoft 20% and Google 15%.

### Background On 30 July 2026, Synergy Research Group (now part of TechInsights) publishes its second-quarter figures. Enterprise spending on cloud infrastructure services rose by more than $43 billion in a year to reach $143 billion ($143.4 billion). Annual growth reaches 43%, the highest in eight years, and has increased for the eleventh successive quarter. Over those eleven quarters, the market has doubled in size. ### Key facts - Worldwide market shares in Q2: Amazon 28%, Microsoft 20%, Google 15%; Microsoft and Google grow markedly faster than Amazon. - GenAI cloud services grow 165% year on year, according to Synergy. - Public cloud services (IaaS and PaaS) grow 47%, and the three leaders account for 67% of them. - Trailing twelve-month revenue reaches $500 billion; in Q1 2026 (29 April 2026), the market was $129 billion (+35%), with shares of 28%, 21% and 14%. - Among second-tier providers, the strongest growth comes from CoreWeave, OpenAI, Oracle, Crusoe, Nebius, Anthropic and Nscale; nine neoclouds are among the top 40 providers. - The US market grows 49%, and its worldwide share is increasing with the build-out of US infrastructure. ### Why it matters The market is clearly accelerating, driven by AI and computing capacity rental. For European CIOs, the figure signals increased competition for capacity and a growing weight of GPU-focused providers. It also recalls concentration: the top three account for 67% of public cloud. ### Takeaway The cloud doubles in size in eleven quarters: $143 billion in Q2 2026, with record growth of 43%.

Tags : Cloud, Hyperscaler, IA, AWS, Google Cloud