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4 Things To Know About Microsoft’s Cloud Partner Growth
Wade Tyler Millward
Microsoft reported that its Cloud Solution Provider (CSP) program has been seeing strong growth, both in partner participation and in total revenue generated.
Services And Software Boom
Partners should expect continued growth around software and services related to Microsoft solutions, said Nick Parker, Microsoft’s corporate vice president of global partner solutions, on Wednesday. According to figures from research firm IDC that were cited by Parker, partners will generate $1.2 trillion in revenue in 2024 related to creation, sales and delivery of Microsoft technology. That’s more than 20 percent higher than the $984 billion generated by Microsoft partners in 2020.
The $1.2 trillion revenue figure in 2024 also equates to about $10.04 in revenue for partners for every $1 of revenue that Microsoft itself generates, according to IDC figures. By comparison, Microsoft partners generated an estimated $9.58 for every $1 worth of Microsoft revenue in 2020--and generated $5.87 for every $1 of Microsoft revenue in 2016.