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Global cloud revenues reached half a trillion Dollars in 2022

The main public cloud service and infrastructure markets, operator and vendor revenues for 2022 reached US$544 billion, the first time the figure crossed the half-trillion Dollar mark. Data from Synergy Research Group shows a growth of 21% from 2021 and forecasts the value to overcome US$1 trillion by 2026. Last year’s revenues come in contrast with early forecasts by ...

January 25

Public cloud revenues to cross half-Trillion Dollar mark for the first time

Global public cloud revenues are set to grow to US$525.6 billion in 2023, passing the half-trillion Dollar mark for the first time. The figure represents a CAGR of 26% on 2022, with infrastructure-as-a-Service (IaaS) appearing as the fastest-growing segment as revenues are forecasted to jump by 35% YoY, according to Trading Platforms. Public cloud revenues nearly doubled...

January 17

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