Cloud Market Jumped to $330 billion in 2024 - GenAI is Now Driving Half of the Growth
RENO, Nev., (informazione.it - comunicati stampa - information technology)
"Q4 was another strong quarter for cloud services, helping to drive a full-year growth rate that was a full four percentage points higher than 2023. For such a big market that is an impressive acceleration of growth," said John Dinsdale, a Chief Analyst at Synergy Research Group. "How much of that was down to AI? ChatGPT was launched at the end of 2022 and helped to bolster service development through 2023 and then boost more aggressive market growth through 2024. Our assessment is that since ChatGPT was launched, GenAI has been responsible for at least half of the increase in cloud service revenues. That has come from either newly launched GenAI/GPU services or from AI-driven improvements to existing cloud services."
About Synergy Research Group
Synergy Research Group provides quarterly market share analysis and forecasts for Communications and Cloud related industries. Our data and analysis is provided to clients through Synergy's unique research SaaS platform, SIA™, which enables intuitive access to complex and fast-moving data sets.
Synergy's data analytics and analysis have been widely recognized worldwide for over 25 years and are frequently used by global industry leaders, governments, and financial institutions.
To speak to an analyst or to find out more about how to access Synergy's in-depth market data, please contact Heather Gallo @ [email protected] or at 775-785-3113.
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