Annual Public Cloud Revenue Reaches Half A Trillion Dollars
ComputerWorld, Friday, July 7,2023
Worldwide spending on public cloud services reached $545.8 billion in 2022, new data from IDC says.
Global revenue generated by public cloud services topped the $500 billion mark in 2022, according to new data released this week by research firm IDC.
The actual figure was $545.8 billion, IDC's research found, a sum that represents a 22.9% increase over the previous year. Foundational cloud services - which IDC defines as infrastructure, platform and system infrastructure software delivered as services - grew even more quickly, rising by 28.8% in year-on-year terms.