The chart above displays the revenue Google generated from its cloud services. Google experienced around 37% growth in its revenue from cloud services in 2022 compared to the prior year. The search giant generated $26.3 billion from cloud services in 2022 compared to $19.2 billion in the prior year.
Net Revenue of Google From Cloud Services 2017-2022
Amounts are in millions.
Google’s Cloud Revenue (in millions) 2017-2022
|Year||Cloud Revenue ($mn)|
2021: The cloud revenue of Google has continued to grow fast and rose sharply in 2021. Compared to 2020, its cloud services revenue increased by 47% in 2021. Google generated $19.2 billion from cloud services in 2021 compared to $13.06 billion in 2020. Its cloud revenue has more than doubled within just two years. In 2019, its cloud revenues were $8.92 billion. In 2021, the cloud revenues of the company were approximately 7.4% of its total net revenues (Alphabet, the parent company of Google generated $257.64 billion, the highest annual net revenue in its history in 2021).
The Cloud revenue of Google grew to $8.92 billion in 2019 from $5.84 billion in 2018. In 2019, cloud revenues of Google were 5.5% of its annual net revenue compared to 4.3% in 2018.
Google is the leading search engine in the world with the largest market share. Its core source of revenue is digital advertising where it leads the industry. The parent company of Google is Alphabet which also operates other businesses (collectively termed as other bets) apart from Google. Google is the largest business segment of Alphabet which has enjoyed revenue growth from cloud as well as YouTube ads in recent years. The company has its headquarters in Mountain View, California, United States. The CEO of Alphabet is Sundar Pichai.