The global market for cloud infrastructure services grew by 30 percent last year, exceeding $100 billion in value for the first time and two lions account for nearly two-thirds of that entire spend.
According to Gartner, the worldwide infrastructure services market grew by 29.7 percent to hit a total of $120.3 billion during 2022, up from $92.8 billion the previous year.during the second half of the year as businesses started to rein in spending, and compares with upwards of 40 percent growth seen during 2021.
Compared to those giants, China's Alibaba cloud came in a distant third at $9.28 billion, just beating Google Cloud into fourth place, which had revenue of just over $9 billion. Huawei snuck into the top five global IaaS providers with $5.25 billion in revenue and 4.4 percent market share.