Cloud Boom Continues as Quarterly IaaS/PaaS Revenues Exceed $2B

New data from Synergy Research Group shows that Q1 service revenues from IaaS and PaaS exceeded $2 billion, having grown by 56% from the first quarter of 2012. Amazon (AWS) remains in a league of its own with a 27% market share, while a group of IT heavyweights have so far failed to close the gap on the market leader despite an increasing number of service launches and marketing initiatives — Amazon’s share of the market for the whole of 2012 was also 27%.

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