AI boom drives cloud infrastructure market to 35% annual growth; top 3 companies' shares unchanged in Q1 2026, according to Synergy Research

Synergy Research says the global cloud infrastructure market reached $129 billion in Q1 2026, up 35% year over year.

AWS kept the No. 1 spot with 28% share, followed by Microsoft Azure at 21% and Google Cloud at 14%.

Despite rapid expansion fueled by AI demand, the top three providers’ market positions remained unchanged.

The report suggests cloud spending is accelerating fast, but competition at the top is still stable.