![Annual public cloud revenue reaches half a trillion dollars Annual public cloud revenue reaches half a trillion dollars](https://images.idgesg.net/images/idge/imported/imageapi/2023/06/21/05/thinkstockphotos-520137237-100610459-large-100942414-large.jpg?auto=webp&quality=85,70)
Annual public cloud revenue reaches half a trillion dollars
Global revenue generated by public cloud services topped the $500 billion mark in 2022, according to new data released this week by research firm IDC. The actual figure was $545.8 billion, IDC’s research found, a sum that represents a 22.9% increase over the previous year. Foundational cloud services — which IDC defines as infrastructure, platform…