around the world, Amazon, Microsoft, and Google's cloud services businesses will likely escape unscathed.
"If anything, I think they may benefit if there is a slowdown as companies look at that as saving money by not having to upgrade and replace a server," Bartels told Business Insider. "There's a lot of demand," Alex Zukin, managing director at RBC Capital Markets, told Business Insider. "Keeping up with that demand and making sure up-times are where they need to be," will be top-of-mind for the cloud service providers.
Purchasing decisions may face delays, too, as companies assess potentially leaner budgets and need to decide what technology to keep and drop, Heger says. Though he doesn't believe that there will be a longer term effect, he says it could impact AWS, Microsoft, and Google Cloud for a quarter or two.