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As more businesses migrate to the cloud, Microsoft Azure is locked in a heated competition with Amazon Web Services (AWS) and Google Cloud Platform (GCP) to capture market share. HG Insights collects data on nearly 350,000 businesses using Azure cloud computing solutions. In 2023, Microsoft’s Intelligent Cloud revenue grew to $96.2 billion — a 17.7% year-over-year increase from 2022. We wanted to provide an overview and share some insights into how this revenue is generated.Â
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While Communications is the smallest of the four IT categories, it is still projected to reach over $455.7 billion in global spend in 2023.
We break Communications down into 4 categories:
The bulk of the total spending comes from the Mobile Services and Fixed Data subcategories, projected to reach $180.4 billion and $176.5 billion, respectively.
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