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5 Takeaways From Synergy’s Paas And Iaas Market Report

Amazon, Microsoft and Google all expanded their share of the global cloud market, according to a report from Synergy Research Group.

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Red Hot Financials

The global cloud market—defined in this report as Infrastructure-as-a-Service, Platform-as-a-Service, and hosted private cloud—grew 48 percent year-over-year in 2018 to nearly $70 billion in total revenue.

In the fourth quarter, spending on those services jumped 45 percent over the same quarter of 2017, approaching $20 billion.

Public IaaS and PaaS, which accounted for most of that spend, grew 49 percent in Q4.

"Notably the growth rates seen throughout 2018 were higher than those achieved in 2017," Synergy Research Group's Dinsdale said.

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