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IaaS, PaaS, drive public cloud ecosystem revenue to $126 billion in Q1

June 23, 2022

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Driven by user uptake of IaaS (infrastructure-as-a-service) and PaaS (platform-as-a-service) services, public cloud ecosystem revenue during the first quarter of the year jumped by 26% to reach $126 billion, according to new research from Synergy Research Group.

The figure takes into account revenue generated by user spending on public cloud services and infrastructure, as well as vendor spending on the equipment and facilities needed to provide cloud services.

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