{"id":100057,"date":"2023-12-15T15:44:07","date_gmt":"2023-12-15T15:44:07","guid":{"rendered":"https:\/\/www.cloudcomputing-news.net\/?p=100057"},"modified":"2023-12-15T15:44:10","modified_gmt":"2023-12-15T15:44:10","slug":"global-public-cloud-services-revenues-hit-315bn-in-first-half-of-2023","status":"publish","type":"post","link":"https:\/\/www.cloudcomputing-news.net\/news\/global-public-cloud-services-revenues-hit-315bn-in-first-half-of-2023\/","title":{"rendered":"Global public cloud services revenues hit $315bn in first half of 2023"},"content":{"rendered":"\n<p>Global public cloud services revenues have been ticking over to the tune of 19.2% in the first half of 2023 with software as a service (SaaS) representing the lion\u2019s share but platform as a service (PaaS) the biggest growth, according to IDC.<\/p>\n\n\n\n<p>The analyst firm released figures from its Worldwide Semiannual Public Cloud Services Tracker, which showed that public cloud services revenue hit $315.5 billion (\u00a3248.1bn) for the first half of 2023.<\/p>\n\n\n\n<p>SaaS was split into two buckets; the first, focused around applications, saw total revenue of $141.2bn, at an uptick of 15.8% year on year. Infrastructure as a service (IaaS) saw first half 2023 revenues of $64.4bn at a growth rate of 16.9%, while PaaS had revenues of $56.8bn at an uptick of 27.7%.<\/p>\n\n\n\n<p>Microsoft retains top spot on the vendor rankings across public cloud services, with IDC assessing the Redmond giant to have 17.1% share in the first half of 2023. <a href=\"https:\/\/www.cloudcomputing-news.net\/categories\/cloud-computing-companies\/cloud-computing-aws\/\">Amazon Web Services (AWS)<\/a> holds 12.9% of the market \u2013 remembering its major dominance is primarily of the IaaS market \u2013 with Salesforce, Google and Oracle rounding off the top five. IDC noted that the top five vendors capture more than two fifths (41%) of total revenues, with this position being \u2018relatively unchanged\u2019 year over year.<\/p>\n\n\n\n<p>Lara Greden, research director for platform as a service at IDC, said the strong market growth for PaaS comes from a \u2018large ecosystem of vendors meeting customer needs in the cloud.\u2019<\/p>\n\n\n\n<p>\u201cThe fundamentals of cloud technologies and public cloud PaaS providers as strategic partners to enterprises and companies of all sizes are evident as AI pervasiveness strengthens,\u201d said Greden. \u201cCompanies continue to accelerate movement to and adoption of the cloud for modernisation and new, intelligent application initiatives based on all types of data streams.\u201d<\/p>\n\n\n\n<p><strong><em>Want to learn more about cybersecurity and the cloud from industry leaders? Check out<a href=\"https:\/\/www.cybersecuritycloudexpo.com\/\">\u00a0Cyber Security &amp; Cloud Expo<\/a>\u00a0taking place in Amsterdam, California, and London.\u00a0Explore other upcoming enterprise technology events and webinars powered by TechForge\u00a0<a href=\"https:\/\/techforge.pub\/upcoming-events\/\">here<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global public cloud services revenues have been ticking over to the tune of 19.2% in the first half of 2023 with software as a service (SaaS) representing the lion\u2019s share but platform as a service (PaaS) the biggest growth, according to IDC. The analyst firm released figures from its Worldwide Semiannual Public Cloud Services Tracker, [&hellip;]<\/p>\n","protected":false},"author":399,"featured_media":99664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,38,10,7,33,58],"tags":[333,260,163],"ppma_author":[891],"class_list":["post-100057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-computing","category-cloud-computing-infrastructure-service","category-cloud-computing-platform-service","category-cloud-computing-public-cloud","category-cloud-computing-research","category-cloud-computing-software-service","tag-iaas","tag-idc","tag-public-cloud"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global public cloud services revenues hit $315bn in 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