Top 5 Cloud Market-Share Leaders: AWS, Microsoft, Google In Q3 2022
Here’s a breakdown of the top five cloud services market-share leaders for the third quarter of 2022 with AWS, Microsoft and Google combining for 66 percent share of the global cloud infrastructure services market.
No. 5: IBM
Q3 2022 Market Share: 3 Percent
Q2 2022 Market Share: 4 Percent
Q3 2021 Market Share: 4 Percent
IBM won 3 percent share of the worldwide cloud services market in third-quarter 2022, down from 4 percent share one year ago.
During its recent third-quarter 2022 earnings report this month, IBM said hybrid cloud revenue over the past 12 months reached $22.2 billion, representing an increase of 15 percent year over year.
The Armonk, N.Y.-based technology giant highlighted cloud and artificial intelligence technologies as key strengths for the company.
“Clients are dealing with everything from inflation to demographic shifts, from supply chain bottlenecks to sustainability efforts,” said IBM CEO Arvind Krishna during the company’s third-quarter earnings report this month. “By deploying powerful hybrid cloud and AI technologies, IBM is helping businesses seize new opportunities, overcome today’s challenges and emerge stronger.”