Public cloud market exceeds $500bn global spend

Revenues for main public cloud service and infrastructure markets, operators and vendors jumped 21 per cent to $544bn in 2022.  The biggest growth was seen in infrastructure as a service (IaaS) and platform as a service (PaaS), according to data from Synergy Research Group.  Annual revenue from these services grew 29 per cent to reach more than $195bn, despite some major headwinds from the strengthening US dollar and problems in the Chinese market.  In the other main segments, manage...