Global cloud infrastructure Q1 2026. $129 billion in a single quarter. Growing 35% year over year.

The market is expanding fast but the concentration isn't changing. AWS, Azure, and Google Cloud held roughly the same share two years ago that they hold today, but the absolute gap between them and everyone else is wider in dollar terms than it has ever been.
That's the part the percentage chart doesn't show. The Others slice isn't growing into a real alternative. It's staying proportionally the same while the three hyperscalers add tens of billions in absolute revenue every quarter.
The window for a different distribution to emerge is not getting wider.