Market Forecast by Countries (United States, Canada), By Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), By Organization Size Large enterprises ( Small , Medium Enterprises SMEs), By Verticals (BFSI, Telecommunication, IT & ITeS, Government & Public Sector, Retail & Consumer Goods, Manufacturing, Energy & Utility, Media & Entertainment) And Competitive Landscape
Product Code: ETC4621364 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Public Cloud Market |
Forecast period | 2025-2031 |
CAGR | 8.9% |
Growing Sector | United States |
The North America Public Cloud Market report provides a comprehensive evaluation by countries, components, deployment types, transportation modes, organization sizes, verticals, and end users. This detailed report offers stakeholders valuable insights into current and projected market trends, main drivers, high-growth segments, and key challenges, aiding in the formulation of strategic decisions and aligning market strategies with evolving industry dynamics.
The North America Public Cloud Market is witnessing robust growth, driven by increasing digital transformation initiatives across various sectors such as retail, healthcare, and transportation. The migration of businesses towards cloud solutions has led to significant advancements in scalability, flexibility, and cost efficiency. Key trends include the adoption of hybrid cloud models, enhancement in data security measures, and integration of artificial intelligence and machine learning technologies into cloud services. Nevertheless, challenges related to data privacy and regulatory compliance persist, requiring ongoing innovation and strategic planning.
According to 6Wresearch, The North America Public Cloud Market size is expected to grow at a significant CAGR of 8.9% during the forecast period 2025-2031. Several factors are propelling the growth of the North America Public Cloud Market. Technological advancements, such as improved data analytics and AI integration, are enhancing cloud service capabilities. Regulatory changes supporting digital innovation and the rising demand for scalable and flexible IT solutions among enterprises are substantial contributors. Furthermore, the shift towards remote work and the need for robust disaster recovery mechanisms are significantly increasing the adoption of public cloud services.
Despite its growth, the North America Public Cloud Market faces notable challenges. Data privacy concerns and stringent regulatory requirements pose significant barriers. Additionally, the high initial costs associated with cloud migration, along with complexities in managing hybrid cloud environments, can deter small to medium-sized enterprises. Security risks, such as cyber threats and vulnerabilities within cloud infrastructures, further complicate the market landscape, necessitating advanced security measures and solutions.
Prominent companies in the North America Public Cloud Market include Amazon Web Services (AWS), Microsoft Azure, Google Cloud, IBM Cloud, and Oracle Cloud. These key players dominate the market with their extensive cloud service portfolios, continuous innovation, and strategic partnerships. Their investments in infrastructure and security enhancements ensure they meet the diverse needs of various industries, thereby maintaining their competitive edge.
Government initiatives actively support the expansion of the public cloud market in North America. Notable programs include the Federal Cloud Computing Strategy (Cloud Smart) in the United States, which promotes cloud adoption to enhance IT modernization and data security. Similarly, Canada's Digital Charter emphasizes cloud services for economic growth and innovation. These policies facilitate enterprise cloud adoption by ensuring regulatory compliance and providing frameworks for secure and efficient cloud computing.
The future of the North America Public Cloud Market appears promising, driven by continuous technological advancements and a growing emphasis on digital transformation. Emerging trends like edge computing, serverless architectures, and quantum computing are expected to redefine cloud capabilities. Meanwhile, the increasing focus on sustainability is pushing providers towards energy-efficient data centers and greener solutions. Market participants can anticipate numerous growth opportunities, particularly in sectors such as healthcare, retail, and finance, where cloud adoption remains on an upward trajectory.
According to Ravi Bhandari, Research Head, 6Wresearch, In North America, the United States is the fastest-growing segment in the public cloud market. This growth is driven by the country's large and diverse economy, which includes significant investments in cloud services across various industries. The U.S. also boasts a high level of technological adoption and a favorable regulatory environment that supports cloud innovation and expansion.
Among the service models, Software As A Service (SaaS) is experiencing the most rapid growth. SaaS solutions offer businesses flexibility, scalability, and cost-effective means of accessing software applications over the internet. The convenience of subscription-based models and the continuous updates and support provided by SaaS vendors attract a wide range of enterprises looking to enhance their digital capabilities.
Small and Medium Enterprises (SMEs) represent the fastest-growing segment in terms of organization size. The agility and cost-effectiveness of public cloud solutions enable SMEs to compete with larger enterprises by providing access to advanced technologies and infrastructure without the substantial upfront investments traditionally required.
Within various verticals, the IT & ITeS (Information Technology and Information Technology Enabled Services) sector is the frontrunner in cloud adoption. This sector's inherent dependence on technological services and the continual need for innovative solutions drive the demand for public cloud services. The scalability, reliability, and security offered by public cloud platforms are indispensable for IT & ITeS companies looking to maintain competitive edges and operational efficiencies.
The report offers a comprehensive study of the following 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 Public Cloud Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Public Cloud Market Revenues & Volume, 2021 & 2031F |
3.3 North America Public Cloud Market - Industry Life Cycle |
3.4 North America Public Cloud Market - Porter's Five Forces |
3.5 North America Public Cloud Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Public Cloud Market Revenues & Volume Share, By Service Model, 2021 & 2031F |
3.7 North America Public Cloud Market Revenues & Volume Share, By Organization Size Large enterprises, 2021 & 2031F |
3.8 North America Public Cloud Market Revenues & Volume Share, By Verticals, 2021 & 2031F |
4 North America Public Cloud Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Public Cloud Market Trends |
6 North America Public Cloud Market, 2021 - 2031 |
6.1 North America Public Cloud Market, Revenues & Volume, By Service Model, 2021 - 2031 |
6.2 North America Public Cloud Market, Revenues & Volume, By Organization Size Large enterprises, 2021 - 2031 |
6.3 North America Public Cloud Market, Revenues & Volume, By Verticals, 2021 - 2031 |
7 United States Public Cloud Market, 2021 - 2031 |
7.1 United States Public Cloud Market, Revenues & Volume, By Service Model, 2021 - 2031 |
7.2 United States Public Cloud Market, Revenues & Volume, By Organization Size Large enterprises, 2021 - 2031 |
7.3 United States Public Cloud Market, Revenues & Volume, By Verticals, 2021 - 2031 |
8 Canada Public Cloud Market, 2021 - 2031 |
8.1 Canada Public Cloud Market, Revenues & Volume, By Service Model, 2021 - 2031 |
8.2 Canada Public Cloud Market, Revenues & Volume, By Organization Size Large enterprises, 2021 - 2031 |
8.3 Canada Public Cloud Market, Revenues & Volume, By Verticals, 2021 - 2031 |
9 North America Public Cloud Market Key Performance Indicators |
10 North America Public Cloud Market - Opportunity Assessment |
10.1 North America Public Cloud Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Public Cloud Market Opportunity Assessment, By Service Model, 2021 & 2031F |
10.3 North America Public Cloud Market Opportunity Assessment, By Organization Size Large enterprises, 2021 & 2031F |
10.4 North America Public Cloud Market Opportunity Assessment, By Verticals, 2021 & 2031F |
11 North America Public Cloud Market - Competitive Landscape |
11.1 North America Public Cloud Market Revenue Share, By Companies, 2024 |
11.2 North America Public Cloud Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |