Hyperscaler cloud market market share 2023

In 2023, with a market share of 48 percent, Amazon Web Services (AWS) is set to be the leading global infrastructure as a service (IaaS) and platform as a service (PaaS) hyperscale vendor. That year, AWS, Microsoft Azure, Alibaba Cloud, and Google Cloud Platform (GCP) are forecast to generate a combined revenue of 167.3 billion U.S. dollars. In this specific instance, the four hyperscalers are characterized by their technology, CAPEX budget, resources, heft, and customer momentum that make them unique. While there are other companies in the market, the hyperscalers outperform these companies under consideration of the aforementioned metrics.

Hyperscaler cloud provider

Hyperscale cloud providers have global scale, innovative technology, and deep expertise in consulting and global business solutions. The companies utilize these abilities to offer a broad range of services to their customers, including platform re-architecture, data migration, and application development. In doing this, they become business partners rather than being mere suppliers of cloud computing resources.

Cloud market segments

Cloud computing can be compartmentalized into software as a service (SaaS), PaaS, and IaaS. SaaS is a software delivery model in which software is centrally hosted and delivered to customers on a subscription basis. IaaS offers an entire information technology (IT) infrastructure to its customers which is provisioned and managed over the internet. PaaS, on the other hand, provides a full development and deployment environment in the cloud.