Cloud Services Market Is 'Not Working,' Says UK Regulator

The UK's competition watchdog has found that its $11.2 billion cloud services market 'is not working,' with Amazon Web Services and Microsoft each controlling up to 40% of the market. In provisional findings released Tuesday, the Competition and Markets Authority said the lack of competition likely leads to higher costs and reduced innovation for UK businesses. The regulator has recommended designating both companies with 'strategic market status,' which would allow closer scrutiny of their practices, including Microsoft's software licensing and AWS's data transfer fees.

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