Global Cloud Revenues Hit New High As SaaS Demand Booms
techradar.pro, Friday, July 7,2023
Nearly half of global cloud revenue comes from SaaS
Global cloud revenue grew 22.9% year-on-year in 2022 to a new high of nearly $550 billion, new resarch has found.
Most notable was the Software-as-a-Service (SaaS) Applications sector, which accounting for nearly half (45.1%) of global cloud's total revenue last year, representing more than double that of Infrastructure-as-a-Service (IaaS) in second place at 21.2%.
The figures come from the latest IDC Tracker figures, which pulls figures in from 850 cloud services companies across 49 countries globally.