AWS's Market Share Problem Just Got Real
Amazon Web Services has quietly lost 6% market share since 2019 — now sitting at just 29% of the cloud market. The plot twist? It's not losing ground to Microsoft or Google. Instead, a swarm of smaller "neocloud" providers are eating its lunch.
These specialists focus on AI infrastructure, which is exactly where the tech world is headed. CoreWeave, Nebius, and DigitalOcean are the names to watch. DigitalOcean alone pulled in $230M revenue last quarter (up 16% YoY) and is actually profitable — something the bigger players can't always say.
Here's the kic
Amazon Web Services has quietly lost 6% market share since 2019 — now sitting at just 29% of the cloud market. The plot twist? It's not losing ground to Microsoft or Google. Instead, a swarm of smaller "neocloud" providers are eating its lunch.
These specialists focus on AI infrastructure, which is exactly where the tech world is headed. CoreWeave, Nebius, and DigitalOcean are the names to watch. DigitalOcean alone pulled in $230M revenue last quarter (up 16% YoY) and is actually profitable — something the bigger players can't always say.
Here's the kic

