Enterprise cloud spending tops $143 billion in Q2, driven by AI and rapid growth
Enterprise cloud infrastructure revenue exceeded $143 billion in the second quarter of 2026, marking the fastest eight-year growth period, largely fueled by AI services.
According to the latest data from Synergy Research, enterprise cloud infrastructure revenue surged to more than $143 billion in the second quarter of 2026, representing a 43% increase over the same period last year and the strongest eight-year growth streak. The surge is largely attributed to a 165% year-on-year rise in AI-specific cloud services, as noted by Synergy chief analyst John Dinsdale. Public IaaS and PaaS offerings expanded by 47% during the quarter, contributing to a total market size of $500 billion over the past twelve months.
Amazon Web Services, Microsoft Azure and Google Cloud together accounted for 67% of the quarter’s cloud revenue, up from 63% a year earlier. Among the next-tier providers, CoreWeave, Oracle, Crusoe, Nebius and Nscale showed the highest growth rates, with Oracle holding a 4% share and CoreWeave 2%. The United States led global cloud consumption, growing 49% in Q2, while regions such as India, Indonesia, Ireland, Thailand and Malaysia also outpaced the global average.
Why it matters
The rapid expansion of cloud and AI services reshapes IT spending, influencing corporate strategies and the competitive landscape of major tech firms.
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