U.S. Cloud Computing Market Size & Outlook, 2024-2030
U.S. cloud computing market, 2018-2030 (US$M)
Related Markets
U.S. cloud computing market highlights
- The U.S. cloud computing market generated a revenue of USD 216,912.6 million in 2023 and is expected to reach USD 813,013.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 20.8% from 2024 to 2030.
- In terms of segment, software as a service (saas) was the largest revenue generating service in 2023.
- Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.
Cloud computing market data book summary
| Market revenue in 2023 | USD 216,912.6 million |
| Market revenue in 2030 | USD 813,013.3 million |
| Growth rate | 20.8% (CAGR from 2023 to 2030) |
| Largest segment | Software as a service (saas) |
| Fastest growing segment | Infrastructure as a Service (IaaS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, Amazon.com Inc, DigitalOcean Holdings Inc, Alphabet Inc Class A, GigaCloud Technology Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Rackspace Technology Inc Ordinary Shares, Salesforce Inc, Tencent Holdings Ltd ADR, The Descartes Systems Group Inc |
Other key industry trends
- In terms of revenue, U.S. accounted for 36.0% of the global cloud computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cloud computing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 82,325.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cloud Computing Market Scope
Cloud Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. cloud computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cloud computing market will help companies and investors design strategic landscapes.
Software as a service (saas) was the largest segment with a revenue share of 55.08% in 2024. Horizon Databook has segmented the U.S. cloud computing market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.
According to a study published by Epicor Software Corporation in July 2022, a majority of U.S. organizations are shifting to advanced, cloud-based Enterprise Resource Planning (ERP) solutions owing to the benefits offered in terms of better security, improved flexibility and adaptability, enhanced business resilience, and stringent regulatory compliance. Such trends bode well for the growth of the U.S. market. Additionally, several U.S. businesses are adopting cloud software to optimize and boost the operational agility of various operations in various fields, such as financial services.
For instance, in March 2023, International Business Machines Corporation announced a partnership with Cloud Security Alliance (CSA) to significantly improve security and risk management across financial services in the cloud. IBM Cloud for Financial Services, the first-of-its-kind cloud developed by the financial services industry, is designed to support clients working toward accelerating cloud adoption while mitigating risks.
Through a unified set of automated, configured controls that operate across IBM Cloud services. Multi-Zone Regions (MZRs), third-party applications (SaaS), and financial institution workloads, the IBM Cloud Framework for Financial Services offers an extensive security and compliance structure for the entire ecosystem.
Reasons to subscribe to U.S. cloud computing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. cloud computing market databook
-
Our clientele includes a mix of cloud computing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into U.S. cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. cloud computing market size, by service, 2018-2030 (US$M)
U.S. Cloud Computing Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
