Public cloud platform usage and adoption worldwide 2023, by service provider

In 2023, 47 percent of respondents are already running significant workloads on Amazon Web Services (AWS).

Cloud computing as-a-service

One of the most prevalent ways for companies to utilize cloud computing is to take advantage of the various “as-a-service” options available from many of the world’s largest tech companies. These services provide organizations with access to computing power, software, and other cloud-related functions without the need for in-house hardware. The software-as-a-service market alone is expected to grow well past the 150 billion U.S. dollar mark by 2020, while the infrastructure-as-a-service market is expected to reach around 82 billion itself in 2021. Companies such as Amazon, Microsoft, and Google have all been quick to incorporate cloud services into their offerings, providing small and mid-sized companies with the opportunity to utilize cloud computing resources without the need for extensive investments into hardware. Having only introduced the business segment in 2014, Microsoft’s intelligent cloud segment has grown rapidly, rivalling even the company’s long-established personal computing segment in terms of revenue generation.