Although cloud growth rates have declined from the 40%+ levels in 2021 due to a slowing macroeconomic environment, nearly all major clouds continued to experience double-digit year-over-year (YoY) growth in calendar Q1 2023:ĪWS grew 16% YoY, Microsoft’s Azure grew 27% YoY, Google Cloud increased by 28% YoY and Oracle’s cloud services grew 54% YoY. This growth was fueled by the COVID-19 pandemic, increased digitalization efforts, and strong SaaS adoption. Public cloud spending nearly doubled (+89%) from $109 billion in 2020 to $206 billion in 2022, according to our market model. The analysis and associated database can guide cloud adoption strategy, customer overlap mapping, and cloud market forecasting and provides a number of other ways to better understand the industry.AI services are used in 14% of all projects The average cloud project utilizes 4.5 different cloud services.AWS dominates North America, Microsoft excels in EMEA, Google appeals to smaller IT companies, Oracle has a strong South American presence, and Alibaba leads in China and Asia.A new analysis of 7,000 cloud implementations reveals distinctly different vendor footprints.The cloud market reached $206 billion in 2022, fueled by the COVID-19 pandemic, digitalization, and SaaS adoption.