Market revenue in 2023 | USD 216,912.6 million |
Market revenue in 2030 | USD 813,013.3 million |
Growth rate | 20.8% (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 |
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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.
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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