Top 7 Cloud Computing Companies in 2018

Posted May 8, 2018 By  Cynthia Harvey

Cloud computing revenues continue to climb at astonishing rates, and all the leading cloud vendors are capitalizing on that trend.

Synergy Research Group recently released its quarterly analysis of the infrastructure as a service (IaaS), platform as a service (PaaS) and hosted private cloud market, which reported that quarterly revenues climbed 51 percent in the first quarter of 2018. That's notably higher then the 44 percent growth rate that the cloud computing market experienced in 2017.

“Cloud growth in the last two quarters really has been quite exceptional,” stated John Dinsdale, a chief analyst and research director at Synergy Research Group. “Normal market development cycles and the law of large numbers should result in growth rates that slowly diminish – and that is what we saw in late 2016 and through most of 2017. But the growth rate jumped by three percentage points in Q4 and by another five in Q1. That is good news for the leading cloud providers, whose historically high levels of capex are helping to ensure that they are the main beneficiaries of that exceptional market growth.”

Within the cloud computing market, some cloud companies are growing much faster than others. While the same four companies still lead in the space, some new contenders farther down the list are growing very rapidly.

The following slides take a closer look at the top seven cloud computing companies in the IaaS, PaaS and hosted private cloud markets, based on Synergy Research data and their own quarterly financial reports.

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