The global cloud infrastructure market is worth more than $100 billion. As expected, AWS and Azure are the main players.

In 2022, the global cloud infrastructure market grew by 29.7 percent. Gartner estimates that it is now worth $120.3 billion. That’s significantly more than the $92.8 billion in 2021. Gartner’s analysis aligns with that of IDC two weeks ago. This agency then determined that the total cloud services market was worth $545 billion, of which approximately $112 billion was for IaaS.

80 percent for 5 players

Unsurprisingly, Amazon Web Services is the number one IaaS player. AWS controls 40 percent of the market, which translates to $48 billion in revenue. Microsoft takes a respectable second place with 21.5 percent of the pie and $26 billion. The two American hyperscalers are thus making a strong impression on the market.

Globally, Google is not the third, but the fourth player. China’s Alibaba narrowly finishes the podium with revenue of $9.28 billion, compared to $9 billion for GCP. If we also mention Huawei ($5.25 billion – 4.4%), we see that five parties control more than 80% of the IaaS market.

expectations

The prospects won’t make anyone fall off their chair. Gartner, like the rest of the world, expects the IaaS market to continue growing. 2022 was a stronger year than expected. Meanwhile, companies are temporarily focusing on consolidating inventories to keep growth albeit slowing somewhat. In 2024, Gartner assumes that the IaaS market will grow again at full speed.