Now that AWS, Azure, GCP earnings are slowing down across the board, let’s look at what this could mean in the near-term and long-term.
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THE GROWTH OF CLOUD PROVIDERS IS BEGINNING TO SLOW DOWN
- The cloud providers are still growing at a high rate
- But the rate of grow, and CAPEX investment is slowing down
- Is this the new normal?
WHAT’S CAUSING THE SLOW DOWN?
- Increased interest rates, so slower overall spending across tech
- Cloud cost optimization tools and company-wide programs
- Enterprise companies managing to post-COVID “new normals”
- SaaS companies cutting back, especially VC-funded companies
- Lots of tech layoffs
- Concern about Google (and Azure?) being profitable?
- Will the new AI wars disrupt the focus of the cloud companies?
- Will we see services cut back by the cloud providers?
- Companies now have an opportunity to renegotiate costs?
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