Amazon Web Services jumped to the top of the UK software and IT services industry in 2022, knocking TCS off its perch as Microsoft's growth lagged its rivals and dropped out of the top three.
The data shows that AWS expanded revenues in Britain by 30.1 percent year-on-year to £3.78 billion, compared to 35.5 percent growth in 2021. AWS was closely followed by Accenture, which grew 30 percent to £3.623 billion and took second spot. Former market leader TCS grew 16.6 percent to £3.491 billion and Microsoft slotted into fourth spot after reporting growth of 17.5 percent to £3.382 billion.
TMV told us Accenture expanded consulting revenue by a third, which chimed with its view that customers are trying to use past investments in cloud where they might not have seen expected return on investment. Accenture is one of the world's largest cloud resellers.