The Risks Of The Cloud Oligopoly
DevOps.com, Friday, July 26th, 2024
The global technology marketplace is increasingly dominated by a select few companies, each fighting to further reinforce their competitive position.
As a clear demonstration of this trend, recent analysis shows that Amazon Web Services (AWS), Microsoft Azure and Google Cloud control over two-thirds of the entire public cloud industry. In what has come to be known as the 'cloud oligopoly', a consolidation of the market has created some unexpected challenges for businesses. In pursuit of a distributed and more resilient business, many organizations have been left inadvertently exposed to concentration risk - with many of the SaaS products they rely on hosted on the same public cloud providers.