Cloud providers’ revenue is still growing, but slowing

This report analyses the deceleration of global cloud market growth following June quarter financial results from Microsoft and Alphabet. While revenue continues to expand, growth rates for major platforms like Azure have fallen from 46% to 27% year-on-year. The brief examines the implications for the ANZ region, where continued infrastructure investment suggests long-term confidence despite short-term macroeconomic headwinds and more cautious enterprise spending patterns.