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“Some UK businesses have advised us they’re involved about it being too troublesome to modify or combine and match cloud provider, and it is not clear that competitors is working properly. “High ranges of profitability for the market leaders AWS and Microsoft point out there are limits to the general degree of competition.” It additionally highlighted worries about committed spend discounts which, Ofcom feared, might incentivise clients to use a single major firm for all or most of their cloud needs. Ofcom’s study discovered the pair had a mixed market share of 70% to 80% in 2022, with Google their closest competitor with a share of up to 10%. Ian King talks to George Lagarias from Mazars concerning the economic dangers from the unrest in the Middle East.
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“UK firms, and the general economic system, profit from strong competition amongst IT providers, and the cloud has made switching between suppliers easier than ever. “We are dedicated to making sure the UK cloud business remains progressive, highly competitive and an accelerator for progress throughout the financial system,” it said. “This can make it tough to cut price for an excellent cope with their supplier, or to mix and match the finest quality providers throughout totally different providers. “These market options can make it challenging for some clients to change or use a quantity of cloud suppliers,” the regulator added.