Cloud Revenues Saved By The GenAI Boom

November 3, 2025 Timothy Prickett Morgan

Growth in spending by end users on the clouds was slowing and slowing even more as time went by as we expect in a mature and competitive market from the end of 2021 through the end of 2022. And based on the trends that were happening at that time, about this time growth would have probably slowed to maybe 2X to 3X of the growth in global gross domestic product, which is how you know (in my opinion) how a subset of the IT market is mature.

IT markets tend to always grow faster than GDP, unless something weird is …