Public Cloud Ecosystem Q1 Revenues Surge 26% to $126B
June 23, 2022
New data from Synergy Research Group shows that across the main public cloud service and infrastructure markets, operator and vendor revenues for the first quarter of 2022 reached $126 billion, having grown by 26% from the first quarter of 2021. The biggest growth was seen in IaaS & PaaS. First quarter revenue from these services grew by 36% to reach over $44 billion. In the other main service segments, managed private cloud services, enterprise SaaS and CDN added another $54 billion in service revenues, having grown by an average 21% from last year. In order to support both these and other digital services, public cloud providers spent $28 billion on building, leasing and equipping their data center infrastructure, which was up 20% from Q1 of last year. Across the whole public cloud ecosystem, companies that featured the most prominently were Microsoft, Amazon, Salesforce and Google. Other major players included Adobe, Alibaba, Cisco, Dell, Digital Realty, IBM, Inspur, Oracle, SAP and VMware. In aggregate these companies accounted for 60% of all public cloud-related revenues.
While cloud markets are growing strongly in all regions of the world, the United
States remains a center of gravity. In Q1 it accounted for 44% of all cloud
service revenues and 51% of hyperscale data center capacity. Across all service
and infrastructure markets, the vast majority of leading players are US
companies, with most of the rest being Chinese. China accounted for 8% of all Q1
cloud service revenues and 15% of hyperscale data center capacity.