<ul><li>The cloud market is projected to surpass $1tn in revenue in 2025, including IaaS, PaaS, SaaS and professional services.</li><li>Enterprise Technology Research surveyed 1,775 IT decision makers and found Microsoft and AWS tend to dominate cloud spending patterns.</li><li>Our expanded view of the cloud market includes IBM and Oracle as well as other Chinese providers, focusing on IaaS, PaaS, SaaS and professional services.</li><li>IaaS is projected to approach $207 billion in 2024 with AWS, Azure, GCP and Alibaba taking more than 70% market share.</li><li>PaaS includes core database and AI services and is projected to exceed $80bn this year.</li><li>Tencent Holdings Ltd. and Huawei Technologies Co. are major cloud players in China and APAC regions.</li><li>SaaS and services markets are highly fragmented and non-hyperscalers capture substantial revenue.</li><li>The report is based on top-down and bottom-up methodologies with varying degrees of confidence and interpretation.</li><li>Overall, the cloud market is still growing rapidly and AWS, Microsoft and Google remain dominant players.</li></ul>

Cloud market share shows vendors eyeing a $1T opportunity

Discover more