The revenue from the public cloud services market reached 545.8 billion in 2022 dollars, which represents an increase of 22.9% of them compared to those of 2021. The largest source of revenue for public cloud services, according to IDC, continues to be Software as a Service (SaaS) applications. , since in 2022 they accounted for more than 45% of the total.
The second largest category in revenue for the sector was Infrastructure as a Service, with 21.2% of the total, while the third was Platform as a Service, with 17% of revenue. The rest of Software as a Service achieved 16.7% of revenues.
Investment in the main providers of public cloud services was further consolidated in 2022, which demonstrates the fact that the five main providers (AWS, Microsoft, Salesforce, Google and Oracle) managed to exceed 41% in revenue, with growth 27.3% of them.
All have offerings in all four service categories, and of those, Microsoft is the number one public cloud services market, with 16.8% of the market share in 2002. AWS follows with 13.5%. % of the total fee.
Despite the overall market for public cloud services growing by 22.9% in 2022, revenue from base cloud services (IaaS, PaaS and Saas-SIS), which provide support for digital first strategies, saw growth its income in 2022 by 28.8%.
This highlights the growing reliance of enterprises on a cloud innovation platform built around highly deployed computing services, data and AI services, and app framework services. IDC expects investment in cloud-based services, especially IaaS and PaaS, to continue to grow at a faster rate than the overall cloud market, as enterprises are leveraging the cloud to accelerate the move to digital business.
Rick Villars, Vice President of Worldwide Research at IDChas highlighted that «Given the economic challenges of the past year, it’s easy to conclude that we are in a time when the focus is on restraining new spending and optimizing the use of existing cloud assets. This will be what dominates CIOs’ priorities, and what leads the way for IT vendors for years to come. But at the same time, it is a very wrong conclusion. The valuation and use of AI, driven by generative AI, is beginning to dominate the planning and agendas of enterprises and cloud providers for long-term investment will have a significant role in the valuation and adoption of activation services. AI«.
