Cloud providers anticipated to command over half of all capacity as on-premise data centers diminish

  • Synergy Research projects that on-prem data center capacity might decline to 30% in 2023, with cloud capacity steadily increasing.
  • Despite slowing growth, cloud companies like AWS, Microsoft, and Google continue to dominate, charting 32%, 23%, and 10% market shares respectively.
  • Over the last decade, cloud service expenditure has grown by 42% annually, reaching $227 billion in 2022, signaling a shift from on-prem to cloud.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications