Gartner Says Worldwide IaaS Public Cloud Services Revenue Grew 30% In 2022, Exceeding $100 Billion For The First Time
Gartner, Tuesday, July 18,2023
The worldwide infrastructure as a service (IaaS) market grew 29.7% in 2022, to total $120.3 billion, up from $92.8 billion in 2021, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2022, followed by Microsoft, Alibaba, Google and Huawei.
'Cloud has been elevated from a technology disruptor to a business disruptor,' said Sid Nag, VP Analyst at Gartner. 'IaaS is driving software-as-a-service (SaaS) and platform-as-a-service (PaaS) growth as buyers to continue to add more applications to the cloud and modernize existing ones.'
'IaaS growth in 2022 was stronger than expected, despite a slight softening in the fourth quarter as customers focused on using their previously committed capacity to its fullest potential,' added Nag. 'This is expected to continue until mid-2023 and is a natural outcome of the market's maturity. We expect an acceleration in 2024, as there is still room for plenty of additional future growth.'