Public cloud market exceeds $500bn global spend

US hyperscaler giants Microsoft, Amazon and Google gained the majority of global market share

Kelsey Rees
clock • 1 min read
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...

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