Public Cloud revenue jumps 26% to reach $126 bn in Q1 2022: Report

Public Cloud services and infrastructure market Revenues reached $126 Billion in Q1 2022, a 26 per cent jump from Q1 2021, according to a new report.

The biggest growth was seen in infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) and the first quarter revenue from these services grew by 36 per cent to reach over $44 billion, revealed new data from Synergy Research Group.

In the other main service segments, managed private cloud services, enterprise software-as-a-service (SaaS) and CDN added another $54 billion in service revenues, having grown by an average 21 per cent from last year.