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Cloud Surge: 4 Takeaways On The Growth Of AWS, Azure And Other Platforms

Enterprise spending on cloud infrastructure services reached $37.1 billion during the fourth quarter of 2020, according to a report from Synergy Research Group.

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Cloudy Days

Worldwide spending on cloud services continued to surge as 2020 came to a close, with Microsoft showing notable growth in market share. The industry saw $37.1 billion in enterprise spending on cloud infrastructure services during the fourth quarter, a 35-percent increase over the same period a year prior, according to a report from Synergy Research Group, based in Reno, Nev. Full-year revenue from cloud infrastructure services — which include infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and hosted private cloud services — was $129 billion. That represented growth of 34 percent from 2019, when Synergy tallied $96 billion in global cloud infrastructure services revenue. Public IaaS and PaaS services represented the bulk of services ordered by enterprises in 2020.

Here are four key takeaways on the growth of AWS, Microsoft Azure and other top cloud platforms.

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