UK to examine cloud services dominated by Amazon, Microsoft and Google


LONDON (Reuters) -Britain said it would investigate competition in cloud services, a market dominated by the “hyperscalers” Amazon, Microsoft and Alphabet’s Google , which together account for around 81% of revenue.
LONDON (Reuters) -Britain said it would investigate competition in cloud services, a market dominated by the “hyperscalers” Amazon, Microsoft and Alphabet’s Google , which together account for around 81% of revenue.
Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.
It said if it concluded the cloud market was not working well it could recommendation policy changes, take enforcement action or ask the competition regulator to investigate.
It plans to publish a final report within 12 months, it said.
(Reporting by Paul Sandle; editing by Andy Bruce and Jason Neely)
Cloud services refer to a range of computing services delivered over the internet, including storage, processing power, and applications, allowing users to access and manage data remotely.
Competition regulation involves laws and policies designed to promote fair competition in the market, preventing monopolies and ensuring that consumers benefit from a variety of choices.
Digital markets are online platforms where goods and services are bought and sold, encompassing a wide range of sectors including e-commerce, cloud computing, and digital media.
Ofcom is the UK's communications regulator, responsible for overseeing and regulating the broadcasting, telecommunications, and postal industries to ensure fair competition and protect consumers.
Policy recommendations are suggestions made by regulatory bodies or experts aimed at improving laws or regulations to enhance market efficiency and protect consumer interests.
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