Global top-10 cloud vendors by total revenue 2023

During its fourth fiscal quarter 2023, Microsoft generated revenues of 28.5 billion U.S. dollars, positioning the tech giant as the leader among cloud vendors in terms of revenue. Azure —Microsoft’s cloud computing platform — offers customers services for running and managing applications in different cloud environments.

Leading cloud vendors

Amazon Web Services (AWS), IBM, Salesforce, and Google Cloud are all among the top five cloud vendors. These companies offer different services via the cloud to customers, which includes a wide variety of applications and other resources businesses need for their IT and operations. While AWS and Google offer products and services to customers that are similar to Azure’s, Salesforce is mainly a software as a service (SaaS) provider and the leading customer relationship management (CRM) platform.

What does the future of cloud vendors’ offerings look like?

Many cloud vendors are seeking to transform from being simply IT infrastructure providers to becoming business partners, by offering consulting for customers on how to improve their business operations by leveraging cloud services. In addition, cloud providers are busy developing vertical clouds, also known as industry clouds, that are optimized for particular industries. This includes industry-specific features such as security measures that are in line with regulatory requirements in the healthcare industry, for example.