UII UPDATE 169 | Q4 2022
Intelligence Update
Reports of cloud decline have been greatly exaggerated
Cloud providers have experienced unprecedented growth over the past few years. CIOs the world over, often prompted by CFOs and CEOs, have been favoring the cloud over on-premises IT for new and major projects — with the result that the largest cloud provider, Amazon Web Services (AWS), has seen revenue increase by 30% to 40% every year since 2014 (when it recorded an 80% jump in turnover). Microsoft Azure and Google have reported similar numbers in recent times.
But there are signs of a slowdown:
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