Friday, 24 March, 2023

Slowdown of hyperscalers could affect IT companies' cloud revenues

<p>The decline in growth rates of the three largest hyper-scalers, Amazon Web Services, Microsoft Azure, and Google Cloud, may have an effect on a third of the revenue of IT service providers. AWS, Azure, and Google Cloud reported a 7% lower additional revenue in the first half of this year compared to the same period last year. Chinese cloud service providers have already stated that growth has slowed due to market regulations.</p>