Worldwide spending on public cloud foundational services reached $169 billion in 2022 with Microsoft and Amazon Web Services, combined, accounting for 62 percent of the cloud market share.
AWS, Microsoft, Google Cloud, Alibaba Group and IBM are the world’s five leading foundational cloud services providers dominating the market with service offerings around use case-specific Platform as-a-service (PaaS) or cross-cloud compute, data or network governance services, according to a new report by research firm IDC.
IDC defines foundational public cloud services as compute, data, application framework and usage multiplier services that support businesses’ digital-first strategies. Foundational cloud services include PaaS, Infrastructure as-a-Service (IaaS), and System Infrastructure Software as-a-Service that provide the foundation for cloud services in general.
[Related: Google Cloud Launches New Premier Partner Badges: 5 Big Things To Know]
CRN breaks down the public cloud services market share for AWS, Alibaba Group, Google, IBM and Microsoft, according to new IDC report.
AWS, Alibaba, Google, IBM And Microsoft’s Market Share
Before jumping into these five cloud companies’ 2022 market share numbers, it is key to note that public cloud foundational services generated total revenue of $169 billion last year. This represented a 29 percent sales increase compared to 2021.
The 29 percent growth rate highlights the increasing reliance of enterprises on a cloud innovation platform built around widely deployed compute services, data and artificial intelligence (AI) services, and application framework services to drive innovation.
IDC expects spending on foundational cloud services—especially PaaS and IaaS—to continue growing at a higher rate than the overall cloud market as enterprises leverage cloud to accelerate their shift toward digital business.
“Cloud providers are making significant investments in high-performance infrastructure,” said Dave McCarthy, research vice president, Cloud and Edge Infrastructure Services in a statement. “This serves two purposes. First, it unlocks the next wave of migration for enterprise applications that have previously remained on-premises. Second, it creates the foundation for new AI software that can be quickly deployed at scale. In both cases, these investments are resulting in market growth opportunities.”
Click through this slideshow to see AWS, Alibaba Group, Google, IBM and Microsoft’s 2022 and 2021 market share numbers for foundational public cloud services.
15Shares
LEARN MORE: Cloud Platforms | Cloud Software | Software as a Service | Professional Services
Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at [email protected].
RELATED CONTENT
Google Partners Hail New Premier Badges As Google Cloud Cements ‘Seat At The Enterprise Table’Google Cloud Launches New Premier Partner Badges: 5 Big Things To KnowMore Microsoft Layoffs As Vendor Starts 2024 Fiscal YearDigitalOcean Buys Cloud Startup Paperspace To ‘Expand’ AI, ML For SMBs, StartupsAnaplan Layoffs Hit Hundreds: Reports TO TOPADVERTISEMENT