Canada Cloud Computing Market Size & Outlook, 2023-2030
Canada cloud computing market, 2018-2030 (US$M)
Related Markets
Canada cloud computing market highlights
- The Canada cloud computing market generated a revenue of USD 19,365.0 million in 2023 and is expected to reach USD 82,325.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 23% 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 19,365.0 million |
| Market revenue in 2030 | USD 82,325.0 million |
| Growth rate | 23% (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, Canada accounted for 3.2% 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.
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Cloud Computing Market Scope
Cloud Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 2023. Horizon Databook has segmented the Canada 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.
Canadian government authorities are embracing cloud-native development practices and investing in various leading Canadian companies to build and deploy applications that take full advantage of cloud capabilities as part of an approach to allow for faster development cycles, improved scalability, and enhanced innovation. For instance, in June 2023, the Canadian government announced an investment of CAD 49 million (USD36.2 million) in Ross Video LTD, a media company, to develop cloud-based event production technologies.
The investment would create over 2,000 jobs. Plans envisaged Ross Video LTD utilizing this investment to fund the USD 236 million hybrid cloud event production platform and toolkit the company has been developing. The project looks forward to developing more adaptable and affordable solutions to enhance the production of high-quality live media for news, sports, concerts, conferences, cultural events, and corporate events.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into Canada cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cloud computing market size, by service, 2018-2030 (US$M)
Canada Cloud Computing Market Outlook Share, 2023 & 2030 (US$M)
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