Amazon and Microsoft supremacy in UK cloud market faces probe by competition watchdog

Ofcom 'particularly concerned'

clock • 3 min read

Microsoft and Amazon’s controlling role in the UK cloud market is set to face greater scrutiny, as the sector has been referred to the competition watchdog for further investigation.

The referral comes from Ofcom, the communications regulator, which has already found problems from its own review of the workings of the cloud computing market. Ofcom's probe uncovered practices that could limit competition, and it is "particularly concerned" about the role of market leaders Amazon, which provides cloud services via its Amazon Web Services (AWS) arm, and Microsoft, which had a combined market share of 70-80% in 2022, with Google their closest competitor, at 5-10%.  "High levels of profitability for the market leaders AWS and Microsoft indicate there are limits to the ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Raspberry Pi sets eyes on London IPO

Raspberry Pi sets eyes on London IPO

London Stock Exchange

Cristian Angeloni
clock 15 May 2024 • 2 min read
Pridham Report: BlackRock retail sales dominance continues into first quarter

Pridham Report: BlackRock retail sales dominance continues into first quarter

Passive funds behind top four success

clock 14 May 2024 • 2 min read
Evelyn Partners hits record £61.8bn AUMA despite slowing net inflows

Evelyn Partners hits record £61.8bn AUMA despite slowing net inflows

Withdrawals higher in first quarter

Cristian Angeloni
clock 14 May 2024 • 1 min read
Trustpilot