Public cloud generating more than $20bn quarterly for IT companies

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cloudcomputing-news.netA note released by Synergy Research shows the public cloud continues to make significant inroads into the overall IT market, generating over $20 billion (£12.9bn) in quarterly revenues for IT firms.

According to the research, public cloud operators provide $10bn in quarterly revenues for key technology and IT supplies, while generating $12bn themselves in revenues from infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).

Synergy classifies the leading vendors into two main categories. On the supply side, the leaders are HP, Cisco, Dell, IBM and Equinix, while for cloud services the market leaders are Amazon Web Services (AWS), Microsoft, Salesforce, Google and IBM. These separate categories have been tracked by the research firm for several years. In February, AWS hit a five years high in cloud infrastructure market share brushing off the increasing competition from Microsoft, while earlier this month it was reported that HP had finally overtaken Cisco in cloud infrastructure equipment.

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