Recent analysis underscores the dominance of Amazon Web Services (AWS), Microsoft Azure, and Google Cloud in the public cloud industry, leading to concentration risk for businesses. Relying on SaaS products hosted on these providers can inadvertently expose organizations to significant vulnerabilities.
Regulators like Ofcom have expressed concerns over the 'cloud oligopoly', highlighting issues such as high egress fees, interoperability barriers, and risks associated with committed spend discounts. Businesses need to proactively assess their exposure to these risks amidst limited regulatory intervention.
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