Gartner Magic Quadrant 2024 Cloud Computing. The worldwide infrastructure as a service (iaas) market grew 29.7% in 2022, to total $120.3 billion, up from $92.8 billion in 2021, according to gartner, inc. Download the complimentary 2024 gartner magic quadrant for analytics and business intelligence platforms.

Gartner ranks the world’s top eight cloud companies in its new magic quadrant for strategic cloud platform services report which includes microsoft, ibm, oracle, google cloud and aws. Cloud computing hype is driven by cloud models that support it operations and business value outcomes.