Large revenue gains translate to incrementally smaller slices of the total as markets mature and the overall size of the pie grows. But generative AI may rewrite the equation, as customers turn to hyperscaler marketplaces to access the technology.
“As an already massive cloud market keeps on growing, the year-on-year growth rate almost inevitably declines,” SRG Chief Analyst John Dinsdale said in an email. “But we are now starting to see a stabilization of growth rates, as cloud provider investments in generative AI technology help to further boost enterprise spending on cloud services.”
