IoT Analytics does a pretty good job of looking at the growth potential for cloud computing hyperscalers (public cloud providers) moving forward. They see this market moving from $157 billion in 2022 to approximately $597 billion in five years, to anywhere between a ~$0.6 trillion to ~$10 trillion total addressable market (TAM). The wide range accommodates an aggressive or conservative growth pattern or something in the middle (read the article for more details). IoT Analytics is making these predictions on a 10- to 20-year horizon.
These figures represent the market for hyperscalers only. They don’t include people services or many add-ons needed to make cloud solutions truly work. If you add all that in, I suspect hyperscalers will grow roughly at the same rates they are now.
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