Share this article

Latest news

With KB5043178 to Release Preview Channel, Microsoft advises Windows 11 users to plug in when the battery is low

Copilot in Outlook will generate personalized themes for you to customize the app

Microsoft will raise the price of its 365 Suite to include AI capabilities

Death Stranding Director’s Cut is now Xbox X|S at a huge discount

Outlook will let users create custom account icons so they can tell their accounts apart easier

Microsoft dominates, Oracle excels: Cloud Wars Top 10 eyes $359.4B revenue

2 min. read

Published onAugust 17, 2023

published onAugust 17, 2023

Share this article

Read our disclosure page to find out how can you help Windows Report sustain the editorial teamRead more

In a testament to the cloud market’s unparalleled growth potential, Acceleration Economy’sCloud Wars Top 10 companiesare poised to generate a staggering $359.4 billion in cloud revenue during 2023, marking a remarkable 19.1% increase despite a challenging global economic climate. This growth defies economic headwinds and underscores the cloud’s pivotal role in modern business dynamics. A report last month revealed that thetop 5 public cloud services providers capture over 41% market share with 27.3% YoY growth.

Despite economic uncertainties, customer expectations continue to escalate. The cloud’s ability to provide enhanced experiences and diverse choices positions it as the conduit for meeting these demands. New cloud-based tools, especially ones with Gen AI, are becoming essential for getting the best employees and making them happy.

Many businesses worldwide are just starting to use cloud technology. This shows that there’s a lot of room for growth in the cloud market, and the expected increase in revenue might be even bigger than what’s predicted.

The rise of Gen AI has become a transformative force, capturing the attention of CEOs. They have a choice: they can either take the lead in using this technology or be cautious and wait. This choice is crucial for the future of their companies.

Within the Top 10, a spectrum of performances emerges. Microsoft is predicted to make the most of it, accounting for almost 30% of the total revenue. However, some companies at the forefront of cloud services, like AWS and Salesforce, are growing slower, around 13.7% and 12%, respectively. And a comparatively more minor player, Oracle, is growing much faster, with almost 40% growth. This shows that the competition in the cloud industry is changing, and adapting quickly is essential, as the growth rates of the big players, who were leading at first, have slowed down.

Here are other estimates:

The discoveries emphasize that the cloud market is strong, showing its ability to handle economic difficulties and drive growth. All this makes it clear that the cloud market is still changing a lot, and this is something that business leaders need to pay attention to as they navigate through these changes.

All the predictions are made byAccelerationEconomy

Davesh Beri

User forum

0 messages

Sort by:LatestOldestMost Votes

Comment*

Name*

Email*

Commenting as.Not you?

Save information for future comments

Comment

Δ

Davesh Beri