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AWS, Microsoft And Google Lead For IaaS and PaaS Revenue: Report

“Amazon and Microsoft have led the charge in terms of driving changes and aggressively growing cloud revenue streams, but many other tech companies are also benefitting, ” says John Dinsdale, chief analyst and research director at Synergy Research Group.

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Cloud Wars Heat Up

Cloud service revenues now are growing much more rapidly than spending on cloud infrastructure, a positive signal that the market is in a high-growth phase, and financials are improving, according to a new report.

Operator and vendor revenue across seven key cloud services and infrastructure market segments exceeded $150 billion for the first half of 2019, growing 24 percent from the same period last year, according to Synergy Research Group’s mid-year review of the cloud market.

The cloud is increasingly dominating the information technology (IT) landscape, and cloud-associated markets are growing at rates of 10 percent to well more than 40 percent, according to John Dinsdale, chief analyst and research director at Synergy, a Reno, Nev.-based market intelligence and analytics firm.

“Annual spending on cloud will double in under four years,” Dinsdale said. “Cloud has opened up a range of opportunities for new market entrants and for disruptive technologies and business models.”

Click through to read the top takeaways from Synergy’s report.

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