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Behind The Numbers: Synergy Research Breaks Down $110B Cloud Market

Behind The Numbers: Synergy Research Breaks Down $110B Cloud Market

January 14, 2016

Via: CRN
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Companies selling cloud services and infrastructure raked in a whopping $110 billion during the four fiscal quarters (Q4 2014 through Q3 2015) that ended last September, according to Synergy Research Group.

Those sales amount to highly respectable year-over-year industry growth of 28 percent.

But breaking the numbers down into six services and infrastructure segments, as Reno, Nev.-based Synergy has done, is even more revealing — while more than half the cloud spending still goes toward purchasing hardware and software, service offerings are growing faster, rapidly closing the gap between segments.

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