GCP, Azure and AWS have been here for more than 10 years, free to do almost whatever they want. Did the prices decrease and competions pop up everywhere ?
Well seeing that according to the CEO of Amazon and former CEO of AWS, Andy Jassy, only 5%-10% of all IT infrastructure spend is on any cloud provider, the three cloud providers can hardly be considered an oligopoly.
There are quite a few competitors in the space, yes. Prices haven't gone down as much as I would like, but they have gone down some and the products have improved.
https://accelerationeconomy.com/cloud-wars/amazon-ceo-andy-j...