The UK Competition and Markets Authority (CMA) has determined that competition in the cloud services sector is lacking, primarily due to Amazon Web Services and Microsoft each controlling around 40% of the market. The regulator aims to investigate these companies under new rules that allow for tougher competition measures. This scrutiny arises as the Labour Party seeks to bolster growth, noting that cloud services revenue reached £9 billion last year. Critics in the industry cite these findings as necessary to stimulate more choices and competition in the rapidly evolving digital landscape.
The CMA's findings suggest that despite high investment in cloud services, competition is limited, particularly due to the market dominance of AWS and Microsoft.
Kip Meek emphasized that effective competition is necessary for offering choice, quality, and competitive pricing in the cloud services sector.
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