Market Forecast by Countries (United States, Canada), By Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), By Infrastructure as a Service (Primary Storage, Disaster Recovery and Backup, Archiving, Computer), By Platform as a Service (Application Development and Platforms, Application Testing and Quality, Analytics and Reporting, Integration and Orchestration, Data Management), By Software as a Service (Customer Relationship Management, Enterprise Resource Management, Human Capital Management, Content Management, Collaboration and Productivity Suites, Supply Chain Management, Others), By Organization Size (Large Enterprises, SMEs), By Deployment Model (Public Cloud, Private Cloud), By Verticals (BFSI, Telecommunication, IT & ITeS, Government & Public Sector, Retail & Consumer Goods, Manufacturing, Energy & Utility, Media & Entertainment) And Competitive Landscape
Product Code: ETC4621368 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Cloud Computing Market |
Forecast Period | 2025-2031 |
Market Size | USD 45 billion By 2031 |
CAGR | 14.4% |
Growing Sector | BFSI |
North America Cloud Billing Market report thoroughly covers the market By Countries, By Service Model, By Infrastructure as a Service, By Platform as a Service, By Software as a Service, and By Organization Size. The North America Cloud Computing Market outlook report provides an unbiased and detailed analysis of the ongoing North America Cloud Computing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Cloud Computing Market was valued at USD 20 billion and is expected to reach USD 45 billion , growing at a CAGR of around 14.4% from 2025-2031. The main factors driving the growth of the market include increasing demand for cost-efficient and scalable computing solutions, rising adoption of cloud-based services by SMEs, and advancements in technologies such as big data analytics and IoT.
The North America Cloud Computing market is currently experiencing robust growth, driven by increased internet penetration, a burgeoning start-up ecosystem, and the digital transformation journeys of established enterprises. Key sectors such as finance, healthcare, education, and retail are increasingly leveraging cloud technologies for operational efficiencies, cost savings, and enhanced service delivery. Additionally, the market is witnessing a shift towards hybrid cloud solutions, which combine the benefits of both private and public clouds, offering flexibility and scalability.
According to 6Wresearch, the North America Cloud Cloud Computing Market size is estimated to grow at a higher growth rate, reaching a CAGR of 14.4% during the 2025-2031. Several key factors are propelling the North America Cloud Computing Market Growth. The rising internet penetration across the continent is enabling more businesses and consumers to access cloud services. Additionally, the proliferation of smartphone usage is facilitating mobile-based cloud solutions, expanding the user base. Governments and educational institutions are increasingly adopting cloud technologies to enhance service delivery and operational efficiency. Despite the promising growth, the North America cloud computing market faces certain challenges. A significant barrier is the lack of reliable and high-speed internet connectivity in rural and remote areas, which hampers consistent access to cloud services. Furthermore, concerns around data security and privacy continue to be a major deterrent for potential users, particularly in sectors that handle sensitive information like finance and healthcare.
The North America cloud computing market presents numerous opportunities for growth and innovation. As the digital economy continues to expand, there is a burgeoning demand for tailored cloud services that address the unique needs of various sectors, including agriculture, healthcare, and education. The development of local data centers offers a significant opportunity to improve data security and latency, thereby attracting more users to adopt cloud solutions. Several key trends are shaping the future of the North America cloud computing market. The adoption of hybrid cloud solutions is on the rise, as organizations seek to balance the scalability and cost-efficiency of public clouds with the security and control of private clouds.
The North America Cloud Computing market is witnessing a significant shift towards multi-cloud and hybrid cloud solutions. This allows organizations to utilize various cloud services from different providers, enabling them to choose the most suitable option for their specific needs. Additionally, there is an increasing focus on edge computing, which brings data processing closer to the source, reducing latency and improving overall performance.
Another emerging trend in the North America cloud computing market is serverless architecture, where developers can build and run applications without managing or provisioning servers. This enables cost savings and improved scalability for businesses of all sizes. Moreover, there is a growing demand for containerization technology that allows for easier management and portability of applications between different environments.
The North America cloud computing market presents numerous investment opportunities for both established players and new entrants. With the increasing demand for tailored and specialized cloud solutions, there is room for innovative start-ups to enter the market and cater to specific industry needs. Furthermore, the development of local data centers presents a significant opportunity for infrastructure providers and data center operators.
There is also potential for partnerships and collaborations between cloud service providers and other technology companies to offer integrated solutions that combine cloud services with emerging technologies such as artificial intelligence and machine learning. As the market continues to grow, there will be a need for skilled professionals in areas such as cloud architecture, security, and data management, creating employment opportunities within the industry.
Governments in the North America region have recognized the potential of cloud computing and are taking steps to create a conducive environment for its growth. For instance, the US government has implemented policies such as the Federal Risk and Authorization Management Program (FedRAMP) to ensure data security and compliance for cloud services used by federal agencies. In Canada, the government has introduced initiatives like the Canadian Digital Technology Supercluster to foster innovation and collaboration in emerging technologies, including cloud computing.
The North America billing computing market is expected to experience robust growth, driven by the increasing demand for automated and efficient billing systems across various industries. As businesses continue to adopt cloud-based and subscription-based models, the need for advanced billing solutions to handle complex pricing structures, billing cycles, and multi-service transactions is growing. The market is also benefiting from the integration of artificial intelligence (AI), machine learning (ML), and data analytics, which enable personalized billing experiences, predictive insights, and real-time billing adjustments. Moreover, the rise of digital payments, e-commerce, and mobile commerce, along with the push for greater operational efficiency and cost optimization, is driving the adoption of billing computing solutions. As regulatory compliance requirements and customer expectations around billing transparency grow, businesses in sectors like telecom, utilities, healthcare, and financial services are increasingly turning to billing computing platforms to ensure accuracy, flexibility, and scalability.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, the US holds the largest market share in the North America cloud computing market. The country has a highly developed IT infrastructure and a large number of enterprises adopting cloud solutions, driving the demand for various cloud services.
In terms of service models, the Infrastructure as a Service (IaaS) segment is expected to dominate the North America cloud computing market. This can be attributed to the increasing adoption of IaaS by businesses for its scalability and cost-effectiveness. However, the Software as a Service (SaaS) segment is also expected to witness significant growth due to its ease of use and accessibility for end-users.
The primary storage segment is expected to dominate the Infrastructure as a Service (IaaS) market in North America. With the growing volume of data and the need for efficient storage solutions, businesses are increasingly turning to cloud-based primary storage services. Disaster recovery and backup services also hold a significant share, as organizations prioritize data protection and business continuity measures. Archiving services are also witnessing growth due to their cost-effective storage solutions for large volumes of data.
The platform as a service (PaaS) market in North America is dominated by application development and platforms. This segment offers developers a complete platform to build, deploy, and manage applications in the cloud without the need for infrastructure management. As more businesses shift towards cloud-based applications, the demand for PaaS solutions is expected to continue growing. Other segments within PaaS such as data management and analytics are also witnessing significant growth as organizations seek to leverage big data for insights and decision-making.
The Software as a Service (SaaS) market in North America is dominated by customer relationship management (CRM) and enterprise resource management (ERP) solutions. This can be attributed to the high demand for these tools in managing sales, marketing, and operations within businesses.
Large enterprises are expected to dominate the North America cloud computing market, as they have the resources and budgets to adopt advanced technologies. However, with the increasing availability of cost-effective cloud solutions and the scalability benefits it offers, more small and medium-sized businesses are also turning towards cloud adoption. This presents a significant opportunity for service providers to cater to a diverse range of businesses within the region.
In terms of deployment models, the public cloud is expected to dominate the North America cloud computing market. This can be attributed to its cost-effectiveness and the ability to scale resources according to business needs. However, private clouds are also witnessing growth as organizations prioritize data security and control over their infrastructure. Hybrid clouds, which combine elements of both public and private clouds, are also gaining traction as businesses seek a balance between cost savings and control over sensitive data.
The BFSI (Banking, Financial Services, and Insurance) sector is expected to dominate the North America cloud computing market due to the high volume of sensitive data and need for secure storage and management solutions. The telecommunication industry is also witnessing significant growth as companies look to leverage cloud services for network infrastructure and communication tools. IT & ITeS (Information Technology and IT-enabled Services) is another key vertical driving the demand for cloud computing in North America, with businesses adopting various applications and platforms to streamline their operations.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Cloud Computing Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Cloud Computing Market Revenues & Volume, 2021 & 2031F |
3.3 North America Cloud Computing Market - Industry Life Cycle |
3.4 North America Cloud Computing Market - Porter's Five Forces |
3.5 North America Cloud Computing Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Cloud Computing Market Revenues & Volume Share, By Service Model, 2021 & 2031F |
3.7 North America Cloud Computing Market Revenues & Volume Share, By Infrastructure as a Service, 2021 & 2031F |
3.8 North America Cloud Computing Market Revenues & Volume Share, By Platform as a Service, 2021 & 2031F |
3.9 North America Cloud Computing Market Revenues & Volume Share, By Software as a Service, 2021 & 2031F |
3.10 North America Cloud Computing Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.11 North America Cloud Computing Market Revenues & Volume Share, By Deployment Model, 2021 & 2031F |
3.12 North America Cloud Computing Market Revenues & Volume Share, By Verticals, 2021 & 2031F |
4 North America Cloud Computing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Cloud Computing Market Trends |
6 North America Cloud Computing Market, 2021 - 2031 |
6.1 North America Cloud Computing Market, Revenues & Volume, By Service Model, 2021 - 2031 |
6.2 North America Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2021 - 2031 |
6.3 North America Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2021 - 2031 |
6.4 North America Cloud Computing Market, Revenues & Volume, By Software as a Service, 2021 - 2031 |
6.5 North America Cloud Computing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
6.6 North America Cloud Computing Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
6.7 North America Cloud Computing Market, Revenues & Volume, By Verticals, 2021 - 2031 |
7 United States Cloud Computing Market, 2021 - 2031 |
7.1 United States Cloud Computing Market, Revenues & Volume, By Service Model, 2021 - 2031 |
7.2 United States Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2021 - 2031 |
7.3 United States Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2021 - 2031 |
7.4 United States Cloud Computing Market, Revenues & Volume, By Software as a Service, 2021 - 2031 |
7.5 United States Cloud Computing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
7.6 United States Cloud Computing Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
7.7 United States Cloud Computing Market, Revenues & Volume, By Verticals, 2021 - 2031 |
8 Canada Cloud Computing Market, 2021 - 2031 |
8.1 Canada Cloud Computing Market, Revenues & Volume, By Service Model, 2021 - 2031 |
8.2 Canada Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2021 - 2031 |
8.3 Canada Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2021 - 2031 |
8.4 Canada Cloud Computing Market, Revenues & Volume, By Software as a Service, 2021 - 2031 |
8.5 Canada Cloud Computing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8.6 Canada Cloud Computing Market, Revenues & Volume, By Deployment Model, 2021 - 2031 |
8.7 Canada Cloud Computing Market, Revenues & Volume, By Verticals, 2021 - 2031 |
9 North America Cloud Computing Market Key Performance Indicators |
10 North America Cloud Computing Market - Opportunity Assessment |
10.1 North America Cloud Computing Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Cloud Computing Market Opportunity Assessment, By Service Model, 2021 & 2031F |
10.3 North America Cloud Computing Market Opportunity Assessment, By Infrastructure as a Service, 2021 & 2031F |
10.4 North America Cloud Computing Market Opportunity Assessment, By Platform as a Service, 2021 & 2031F |
10.5 North America Cloud Computing Market Opportunity Assessment, By Software as a Service, 2021 & 2031F |
10.6 North America Cloud Computing Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10.7 North America Cloud Computing Market Opportunity Assessment, By Deployment Model, 2021 & 2031F |
10.8 North America Cloud Computing Market Opportunity Assessment, By Verticals, 2021 & 2031F |
11 North America Cloud Computing Market - Competitive Landscape |
11.1 North America Cloud Computing Market Revenue Share, By Companies, 2024 |
11.2 North America Cloud Computing Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |