This is according to new data from IT research firm Synergy Research Group, which shows enterprise spending on cloud infrastructure services in the fourth quarter of 2022 reached $61.6 billion. This represents a spending increase of 21 percent year over year, or about $10 billion more than fourth quarter 2021.
“Microsoft in particular had a strong quarter,” John Dinsdale, chief analyst at Synergy Research, told CRN in an email. “Narrowing the gap between it and market leader Amazon.”
Cloud Market In Q4 2022
Before jumping into the exact cloud market share for AWS, Microsoft, Google, Alibaba and IBM, it’s key to note that Synergy’s data shows that cloud services spending has slowed down a bit compared to previous quarters.
The 21 percent year-over-year growth rate in fourth quarter 2022, for example, fails to come close to the 36 percent year over year growth rate in cloud services witnessed during the fourth quarter of 2021.
Dinsdale attributes the reduction in cloud services spending in fourth quarter 2022 on three main reasons.
“The strengthened U.S. dollar diminishes the apparent growth rate of many non-US markets; the large Chinese market remains constrained by pandemic issues and local policies; and the worsened economy has caused some enterprises to more closely review spending on cloud services,” said Dinsdale.
However, he says these factors should be short term in nature and Synergy forecasts that “growth rates will remain strong” over the next several years.
For the entire 2022, enterprise cloud service spending reached $227 billion, an increase of $47 billion compared to 2021.
With AWS, Microsoft and Google Cloud recently reporting their quarterly financial earnings, Synergy’s data on worldwide cloud spending on Infrastructure as-a-Service (IaaS), Platform as-a-Service (PaaS), and hosted private cloud services shines a clear spotlight on the three cloud market share leaders.
Here are the cloud market share numbers for the top five leaders: AWS, Alibaba, Google, IBM and Microsoft.
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].
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