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Worldwide public cloud services market revenue grew 24.1 percent in 2020

InternationalMay 16, 2021
Worldwide public cloud services market revenue grew 24.1 percent in 2020
Public cloud services play a critical role in the COVID19 pandemic as organizations either started or accelerated their digital transformation. SaaS applications are the largest and most mature segment of public cloud accounted 47% of revenue and overall revenue growth is 24.1% in 2020. In the combined IaaS, SISaaS, and PaaS market, the top 5 companies (Amazon Web Services, Microsoft, Google, Alibaba, and IBM) captured over 51% of global revenues.

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