Private Cloud Is a Superstar, Too

It’s not just public cloud growing — managed private cloud services, too, recorded notable traction, alongside enterprise software as a service and content delivery networks, Synergy said.

Those three service segments added another $229 billion in revenue in 2022, for total average growth of 19% compared to 2021. Public cloud providers spent a collective $120 billion to build, lease and equip data centers to accommodate the deployments, Synergy said. That marked a 13% jump over 2021.

In terms of who led the public cloud race in 2022, Microsoft Azure, Amazon Web Services, Salesforce and Google Cloud all clamored for top billing, per Synergy.

See where Microsoft Azure ranked in important areas including services and data centers. Click to the next slide.