Public cloud market raked in $126bn in Q1 - Synergy Group

The market analyst’s figures broke down global IaaS and PaaS services spend

Nima Green
clock • 2 min read
Google, Microsoft report growth in cloud revenues
Image:

Google, Microsoft report growth in cloud revenues

The main public cloud service and infrastructure markets, operator and vendor revenues surged 26 per cent to total $126bn during the first quarter of 2022, according to new figures from Synergy Research Group. The market analyst said the biggest growth was seen in IaaS and PaaS, with Q1 revenues jumping 36 per cent to reach more than $44bn. In the other main service segments, managed private cloud services, enterprise SaaS and CDN added another $54bn in service revenues, having grown by...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Vendor

Cisco Q4: The Americas suffers dip while EMEA posts growth for the quarter

Cisco Q4: The Americas suffers dip while EMEA posts growth for the quarter

The networking giant managed to beat expectations after previously forecasting a decline for its fourth quarter

clock 19 August 2022 • 2 min read
EMEA swells almost 150 per cent in Q1 for Softline

EMEA swells almost 150 per cent in Q1 for Softline

IT Services spiked more than 80 per cent while its software & cloud business earned the bulk of turnover

Kelsey Rees
clock 19 August 2022 • 3 min read
'Erratic' chip supply set to impact the channel's revenues 'for rest of 2022' - IDC

'Erratic' chip supply set to impact the channel's revenues 'for rest of 2022' - IDC

Shipments of microchips are likely to be unreliable despite availability of them showing early signs of improvement

clock 18 August 2022 • 2 min read