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Amazon Maintains Cloud Lead as Microsoft Edges Closer - Statista
Amazon's market share in the worldwide cloud infrastructure market amounted to 31 percent in the first quarter of 2024, down from 32 percent a year earlier.
profitable
Having established itself as an early leader in the market for cloud infrastructure, Amazon Web Services (AWS), the online retailer’s <anchor>profitable</anchor> cloud platform, is still ahead of the pack. According to estimates from Synergy Research Group, Amazon’s market share in the worldwide cloud infrastructure market amounted to 31 percent in the first quarter of 2024, down from 32 percent a year earlier. Meanwhile, Amazon's main rival Microsoft slowly edges closer, growing the market share of its Azure platform to an all-time high of 25 percent in Q1 2024. Combined with Google at 11 percent market share, the "Big Three" now account for two thirds of the ever-growing cloud market, with the rest of the competition stuck in the low single digits.
Chart: Cloud Business Drives Amazon's Profits | Statista
Chart: Cloud Business Drives Amazon's Profits \| Statista

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# Cloud Business Drives Amazon's Profits

## Amazon.com

by [Felix Richter](mailto:felix.richter@statista.com),


Apr 26, 2019


Amazon


While Amazon will probably always be seen as an e-commerce company first, its business has undergone a remarkable transformation in recent years. In the past quarter, services accounted for 43 percent of Amazon's revenue, up from 29 percent three years earlier. Maybe most surprising to many though, is the fact that Amazon's greatest hit is neither Amazon Prime, nor the company's namesake e-commerce platform, but a B2B cloud service named Amazon Web Services.

As our chart illustrates, Amazon’s profit has largely been driven by its cloud business in recent years. Amazon Web Services (AWS), the [leader in the highly competitive market for cloud infrastructure](/chart/7994/cloud-market-share/), accounted for 50 percent of the company’s operating profit in the past quarter, despite contributing only 13 percent to the company's net sales.

For many years, Amazon has reinvested nearly every dollar it earned in its long-term growth. The size and success of Amazon Web Services has made that impossible though, resulting in Amazon posting [record profits in four consecutive quarters now](/chart/14887/amazon-quarterly-profit/).



![Felix Richter](https://cdn.statcdn.com/contactPerson/367.jpg)

Felix Richter


Data Journalist


[felix.richter@statista.com](mailto:felix.richter@statista.com)
+49 (40) 284 841 557


![Infographic: Cloud Business Drives Amazon's Profits | Statista](https://cdn.statcdn.com/Infographic/images/normal/9174.jpeg)

![Infographic: Cloud Business Drives Amazon's Profits | Statista](https://cdn.statcdn.com/Infographic/images/normal/9174.jpeg)

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Amazon Web Services: quarterly revenue 2014-2024](/statistics/250520/forecast-of-amazon-web-services-revenue/)

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