Nearly $22B in Quarterly Revenue Generated by Cloud
A new report published by Synergy Research Group charts the quarterly revenues of all of the major cloud service providers combined. Synergy’s latest research shows that cloud service providers are currently bringing in nearly $22B a quarter in revenue. That number is pretty evenly split between the suppliers of infrastructure for data centers that are built to support cloud and the suppliers of SaaS, PaaS and IaaS on an enterprise level.
Cloud hardware suppliers saw quarterly revenues in excess of $10B while PaaS, SaaS and IaaS providers saw quarterly revenues that were approximately $12B. On the software side, apps such as social media and ecommerce platforms take the lionshare of the consumer side of cloud revenues, while data center hardware suppliers such HP, Cisco, IBM and Dell made up the other big part of the $20B+ quarterly revenue figure.
Synergy’s report goes on to say that public cloud spending accounted for 24% of all spending attributed to quarterly cloud revenues. Public cloud operators and digital content companies make up nearly 47% of all data center and colocation spending, according to Synergy. IaaS/PaaS grows at an outstanding 49% while the overall IT market only grows 5% year over year.
“Public cloud is now a market that is characterized by big numbers, high growth rates and a relatively small number of global IT players,” says Jeremy Duke, the founder and Chief Analyst at Synergy Research Group.
While a small number of global players may dominate the market, there’s still room for the little guys.
“While there is still a place for small-medium sized public cloud players, especially on the service side within a specific region, the public cloud really is dominated by hyperscale cloud operators that can afford to build huge data center footprints that span multiple continents,” concludes John Dinsdale, the Chief Analyst and Research Director at Synergy Research Group.
