Synergy says cloud market growth surges above 50%

Synergy Research Group announced that Q3 2026 enterprise spending on cloud infrastructure services reached a record level, with annual growth accelerating to 55%.

• Q3 cloud spending jumped 55% year over year to $168 billion, with Synergy estimating quarterly cloud infrastructure service revenues at $167.7 billion and trailing 12-month revenues at $558 billion.
• The company said AI-specific cloud services now make up about one-third of the market; Amazon led with 26% share, followed by Microsoft at 19% and Google at 16%, while Oracle, CoreWeave, Crusoe, Nebius, Fluidstack, Together AI, and Nscale were among the fastest-growing tier-two providers.