An inquiry from the CMA reveals that the UK's cloud market, valued at £9 billion, is hindered by monopolistic practices from major players like Microsoft and AWS. The CMA highlights that these companies' dominance limits competition, resulting in higher costs and lower quality services. Additionally, significant barriers to entry make it difficult for new firms to compete effectively. The CMA has suggested that Microsoft and AWS should be given strategic market status, which would impose stricter regulations on them to foster competition and innovation in the sector.
The cloud computing market has never been so dynamic and competitive, attracting billions in investments, new entrants, and rapid innovation.
A lack of competition is stifling innovation and leading to higher costs, less choice, and lower quality of service for businesses operating in the UK.
Collection
[
|
...
]