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Worldwide Public Cloud Services Revenues Surpass $500 Billion in 2022, Growing 22.9% YOY — IDC

Worldwide revenue for the public cloud services market totaled $545.8 billion in 2022, an increase of 22.9% over 2021. SaaS applications remained the largest public cloud services revenue source, accounting for more than 45% of the total in 2022. IaaS was the second largest revenue category, with 21.2% of the total. In comparison, PaaS and Software as a Service – System Infrastructure Software (SaaS – SIS) delivered 17.0% and 16.7% of overall revenue, respectively, according to new data from IDC.

Emerging Markets, Most PopularStaff ReportsJuly 13, 2023IDC, GenAI, AI, public cloud services

Gartner Forecasts End User Spending on Public Cloud Services in MENA to Grow 19% in 2022

End-user spending on public cloud services in the Middle East and North Africa (MENA) region will total $5.7 billion in 2022, an increase of 19.2%, according to the latest forecast by Gartner, Inc. While still in double digits, growth in 2022 will be slower compared to the forecasted 21.6% growth in 2021.

TechnologyGuest UserOctober 28, 2021public cloud services, MENA CIO, SaaS, PaaS

Worldwide IaaS Public Cloud Services Market Grew 29.5 Percent in 2017: Gartner

The worldwide infrastructure as a service (IaaS) market grew 29.5 percent in 2017 to total $23.5 billion, up from $18.2 billion in 2016, according to Gartner, Inc. Amazon was the No. 1 vendor in the IaaS market in 2017, followed by Microsoft, Alibaba, Google and IBM.