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“Some UK businesses have told us they’re concerned about it being too troublesome to change or mix and match cloud supplier, and it is not clear that competition is working properly. “High ranges of profitability for the market leaders AWS and Microsoft indicate there are limits to the general degree of competitors.” It also highlighted worries about dedicated spend reductions which, Ofcom feared, might incentivise customers to make use of a single major firm for all or most of their cloud needs. Ofcom’s research discovered the pair had a combined 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 in regards to the financial dangers from the unrest within the Middle East.