U.S. Cloud Computing Market Size & Outlook, 2023-2030

The cloud computing market in the United States is expected to reach a projected revenue of US$ 813,013.3 million by 2030. A compound annual growth rate of 20.8% is expected of the United States cloud computing market from 2024 to 2030.
Revenue, 2023 (US$M)
$216,912.6
Forecast, 2030 (US$M)
$813,013.3
CAGR, 2024 - 2030
20.8%
Report Coverage
U.S.

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 2023USD 216,912.6 million
Market revenue in 2030USD 813,013.3 million
Growth rate20.8% (CAGR from 2023 to 2030)
Largest segmentSoftware as a service (saas)
Fastest growing segmentInfrastructure as a Service (IaaS)
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInfrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)
Key market players worldwideAlibaba 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.

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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 2023. 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.

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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.

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U.S. cloud computing market size, by service, 2018-2030 (US$M)

U.S. Cloud Computing Market Outlook Share, 2023 & 2030 (US$M)

U.S. cloud computing market size, by service, 2018-2030 (US$M)

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