Analysts at Synergy and Altimeter Capital see a sharp rise in revenue for the global cloud infrastructure market in Q4 2023, when its volume grew to $74 billion (+$12 billion YoY, +5 .6 billion dollars compared to the third quarter). ).
Over the course of the year, the volume of the cloud technology market grew to a record $270 billion (in 2022 it was $212 billion). Experts attribute the explosive growth to the popularity of generative AI in general and ChatGPT in particular, TechCrunch writes.
At the same time, analysts emphasize that, based on the law of large numbers, it can be predicted that the same growth rates as before 2022 and at the end of 2023 will no longer occur: “they will now stabilize, which will lead to a “steady annual increase in spending on cloud technologies.”
Synergy reports that the “big three” cloud service providers (Microsoft, Amazon, Google) account for 67% of the total market share (around $50 billion in total revenue for the quarter). Amazon continues to lead with a share of 31%.
In the fourth quarter, Amazon’s cloud revenue was $23 billion, Microsoft’s was $18.5 billion, and Google’s was about $8 billion.
Author:
Ekaterina Alipova
Source: RB
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