$Microsoft (MSFT.US)$ Microsoft has three main business divisions, the largest of which is the Intelligent Cloud division. “Azure,” which is at its core, is a cloud service platform that aims to support companies' online business migration through hundreds of various solutions such as data storage and machine learning applications. Not even Apple has entered this field, which highlights how the technology landscape has changed in recent decades.
Azure achieved an astonishing growth rate of 45% in the 2022/6 fiscal year. The overall intelligent cloud division grew only 25%, which is not unreasonable given the scale of $75 billion in sales. The larger the scale, the more difficult it is to maintain a high growth rate. However, according to estimates by research firm Grand View Research, the cloud computing market size could reach $1.5 trillion per year by 2030, and it's worth noting that Azure is already the second-largest player in the industry.
Microsoft is also increasing its presence in the gaming field, and is launching new services such as Xbox Cloud Gaming, where users can access their favorite game titles online and do not need to download updates or patches, based on the Xbox platform, which is its main product. The cloud gaming industry is still in its infancy, with an estimated market size of 3.2 billion dollars in 2022, but explosive growth of 43% over 43% is expected in 2029 to 40.8 billion dollars.