North America Cloud Computing Market Size, Share & Industry Trends Analysis Report By Service Type, By Deployment, By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End-use, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Cloud Computing Market would witness market growth of 13.7% CAGR during the forecast period (2022-2028).
Many businesses are investing in IoT, big data, artificial intelligence, & 5G technologies to obtain important business insights for decision-making. Because of the many benefits that big data technologies offer, like data segmentation, data integration, and business intelligence, to name a few, they are growing in popularity.
There are many new opportunities for the market to grow as a result of the increasing demand for analytics & big data technologies in cloud computing services. To increase their position in the market, major vendors concentrate on innovative cloud services, solutions, and workloads as well as enhancing the capabilities of their current ones. Industrial solutions of the future will be cloud-enabled, and they would need a cloud platform to show off their digital business skills.
There are many examples of public, private, and hybrid cloud deployments in the United States that have been successful, and cloud computing has established itself as a viable IT architecture for many federal government organizations. To provide better citizen services, government institutions are rethinking their economic models. In order to hasten the adoption of the cloud, the U.S. government implemented the CloudFirst policy.
The US market dominated the North America Cloud Computing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $281,948.5 million by 2028.The Canada market is poised to grow at a CAGR of 16.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.2% during (2022 - 2028).
Based on Service Type, the market is segmented into Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). Based on Deployment, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Media & Entertainment, Energy & Utilities, Healthcare, Government & Public Sector and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, IBM Corporation, Oracle Corporation, Amazon.com, Inc., Microsoft Corporation, SAP SE, Salesforce.com, Inc., Adobe, Inc., Alibaba Group Holding Limited, and Workday, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Service Type
- Software as a Service (SaaS)
- Platform as a Service (PaaS)
- Infrastructure as a Service (IaaS)
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
- IT & Telecom
- Retail & Consumer Goods
- Media & Entertainment
- Energy & Utilities
- Government & Public Sector
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- IBM Corporation
- Oracle Corporation
- Amazon.com, Inc.
- Microsoft Corporation
- SAP SE
- Salesforce.com, Inc.
- Adobe, Inc.
- Alibaba Group Holding Limited
- Workday, Inc.
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