Cloud infrastructure revenue reaches $168 billion as AI demand grows

Oct 30, 2026
Global cloud infrastructure service revenue rose 55% from a year earlier to $167.7 billion in the third quarter of 2026, with AI specific services accounting for about one third of the market.

Global cloud infrastructure service revenue rose 55% from a year earlier to $167.7 billion in the third quarter of 2026, Synergy Research Group stated in an announcement. The market doubled in size over eight quarters, while revenue for the trailing 12 months reached $558 billion.

AI specific cloud services accounted for about one third of the market. Public infrastructure and platform services represented most spending and grew 59% from a year earlier during the quarter.

Amazon led the global market with a 26% share, followed by Microsoft at 19% and Google at 16%. Oracle and cloud providers including CoreWeave, Crusoe, Nebius, Fluidstack, Together AI and Nscale recorded some of the highest growth rates among smaller providers.

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