Global IaaS revenue grows 29.7% to $120.3 bn in 2022: Gartner

NEW DELHI: The global infrastructure-as-a-service (IaaS) public cloud services market grew 29.7% in 2022 to reach $120.3 billion compared to $92.8 billion in 2021, according to the latest data released by Gartner on Tuesday.

In 2022, the top five IaaS providers – Amazon, Microsoft, Alibaba Group, Google, and Huawei – accounted for over 80% of the market, the technology research and consulting firm said.