- 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.
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