Worldwide Public Cloud Services Earnings Grew19.2 Year Over Year in the First Half of 2023, According to IDC Tracker

According to new data from the International Data Corporation( IDC) Worldwide Semiannual Public Cloud Services Tracker, worldwide profit for the public pall services request totaled$315.5 billion in the first half of 2023( 1H23), an increase of19.1 over the same period in 2022.
Software as a Service – operations( SaaS – operations) continued to be the largest source of public pall services profit, counting for nearly 45 of the aggregate in 1H23. structure as a Service( IaaS) was the second largest profit order with20.4 of the aggregate while Platform as a Service( PaaS) and Software as a Service – System structure Software( SaaS – SIS) delivered 18.0 and16.9 of overall profit independently. PaaS and SaaS – SIS were the orders with the fastest time-over-year profit growth.

Worldwide Public Cloud Services profit and Time-over-Year Growth, 1H 2023( earnings inUS$ billions)

Deployment Category

1H23 profit

1H23 request Share

1H22 profit

1H22 request Share

1H23/ 1H22 Growth







SaaS – operations



SaaS – System structure Software








Source IDC Worldwide Semiannual Public Cloud Services Tracker, 1H 2023, November 30, 2023

” The fundamentals of pall technologies and public pall PaaS providers as strategic mates to enterprises and companies of all sizes are apparent as AI pervasiveness strengthens,” said Lara Greden, exploration director, Platform as a Service, IDC.” Companies continue to accelerate movement to and relinquishment of the pall for modernization and new, intelligent operation enterprises grounded on all types of data aqueducts. The strong request growth seen in PaaS comes from not just the top many but a large ecosystem of PaaS merchandisers that are meeting client requirements in the pall.”

The leading providers of public pall services maintained their positions in 1H23 with the combined profit of the top 5 public pall service providers – Microsoft, Amazon Web Services, SalesforceInc., Google, and Oracle – capturing 41 of the worldwide aggregate and fairly unchanged time over time. With immolations in all four deployment orders, Microsoft remained in the top position in the overall public pall services request with17.1 share in 1H23, followed by Amazon Web Services with 12.6 shares.

IDC vaticinations worldwide public pall services profit will reach 663 billion in 2023, an increase of20.0 over 2022 with an analogous increase anticipated in 2024. While the periodic rate of growth will decelerate slightly over the cast period, the request is still read to deliver a five-time emulsion periodic growth rate( CAGR) of19.4 with worldwide earnings reaching $ 1.34 trillion in 2027.

” Organizations fete the significance of staying at the van of technological advancements, like generative AI or real-time analytics, to enhance their business operations and gain a competitive edge,” said Dave McCarthy, exploration vice chairman, pall and Edge structure Services.” The pall’s dynamic nature and the nonstop elaboration of pall services make it an ideal platform for associations to borrow new technologies. This creates a great occasion for the pall service providers to offer comprehensive support and operation services, reducing the burden on IT brigades and accelerating the deployment and integration of new technologies.”

IDC’s Worldwide Semiannual Public Cloud Services Tracker provides total request size and seller share for more than seventy parts of the global public pall services request. dimension for this Tracker is public pall services profit, which includes structure as a Service( IaaS), Platform as a Service( PaaS), Software as a Service – System structure Software( SaaS – SIS), and Software as a Service – operations subscription earnings. The Tracker follows further than 850 pall services companies across an aggregate of 49 countries encyclopedically. Periodic five- time request vaticinations for this Tracker are streamlined semiannually. vaticinations are available worldwide, in indigenous, and country situations.

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