New analysis has revealed that cloud spending continued to develop all through 2022 despite the rising financial pressures affecting firms around the globe.
In its newest evaluation, Synergy Analysis Group (opens in new tab) discovered the cloud market appears to have been much less affected than many different sectors as we head into 2023.
It discovered that This fall 2022 progress in cloud spend stood at 27% within the US market, in contrast with a median progress charge of 31% within the earlier 4 quarters.
Greatest cloud distributors
Whereas issues could also be slowing down, the sector continues to be accelerating at a decent charge, the report says, with a number of the ordinary suspects persevering with to peform strongly.
Amazon Internet Companies, the long-time holder of the primary place, remained fairly secure. Over the past 5 or so years, it has accounted for round 32-34% of the market, and this share stays unchanged as we head into 2023.
Microsoft Azure has skilled probably the most vital progress over the identical interval, although, which now occupies 23% of the market (up by round 10% in contrast with 5 years in the past). Google Cloud continues its barely much less blistering progress, to the purpose that it now makes up 11% of the shares.
Based mostly on the latest sweep of This fall earnings bulletins, Synergy expects quarterly cloud infrastructure service revenues to exceed $61 billion. Whereas public IaaS and PaaS companies account for almost all of the spend, Amazon, Microsoft, and Google all have particular person shoppers on their thoughts, too.
Within the public cloud sector, Synergy stories that these three firms serve 73% of the market, even in a time when PC shipments suffered.
Transferring ahead, the analysis firm expects the worldwide cloud market to proceed to develop in all areas of the world.