The "PwC Global 100 Software Leaders" report finds that the revenues for the top 100 cloud companies rose by 10 percent between 2012 and 2014, from $247.5bn to $272.2bn. The top five companies providing cloud services globally were, in order, Microsoft, Oracle, IBM, SAP and Symantec.

Since PwC's last "100 Software Leaders" report was released two years ago, cloud adoption has continued to grow to the point where it is now "affecting the climate of every software company." Among the top 50 vendors, cloud-based software now accounts for around 10 percent of their total revenues, according to the latest report.

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