Cloud Leaderboard: AWS, Microsoft, IBM And Google Continue Infrastructure Dominance

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After more than five years of uninterrupted business contraction, IBM reported fourth-quarter of growth spurred by its cloud portfolio and new mainframes and processors.

The cloud business alone grew by 24 percent from 2016, accounting for $17 billion of IBM's 2017 revenue.

IBM maintained its position as the third-largest cloud provider at the close of 2017, "thanks primarily to its strong leadership in hosted private cloud services," according to Synergy Research's Dinsdale.

IBM closed the year with roughly 8 percent market share, a decline of one-half of a percent from 2016.

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