Microsoft followed in the No. 2 position with 21.1% share and above-market growth, reaching over $19 billion in IaaS revenue in 2021. With many organizations already relying on Microsoft’s enterprise software and services, Azure has been positioned to capture opportunities across nearly every vertical market.
Google Cloud saw the highest growth rate of the top five IaaS vendors, growing 63.7% in 2021 to reach $6.4 billion in revenue. This growth was driven by steadily increased adoption for traditional enterprise workloads as well as Google’s innovation in more cutting-edge capabilities such as artificial intelligence and Kubernetes container technologies, supported by an expansion of their partner ecosystem to reach a wider customer base.
“The next phase of IaaS growth will be driven by customer experience, digital outcomes and the virtual-first world,” said Nag. “Emerging technologies that can help businesses bring experiences closer to their customers, such as the