Moneycontrol PRO
Open App
Upcoming Event : Traders Conclave 2022 | India's Largest Retail Stock Investors & Traders Residential Conclave
you are here: HomeNewsWorld

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

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.

September 22, 2022 / 01:02 PM IST
Amazon (Image Courtesy: Reuters)

Amazon (Image Courtesy: 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.
Reuters
first published: Sep 22, 2022 01:02 pm
Sections
ISO 27001 - BSI Assurance Mark