How big is the U.S. cloud computing market?

The U.S. cloud computing market size was estimated at USD 216.91 billion in 2023 and is expected to reach USD 268.81 billion in 2024.

What is the U.S. cloud computing market growth?

The U.S. cloud computing market is expected to grow at a compound annual growth rate of 20.3% from 2024 to 2030 to reach USD 813.01 billion by 2030.

Which segment accounted for the largest U.S. cloud computing market share?

Some key players operating in the U.S. cloud computing market include Ace Cloud; Adobe Inc.; Alibaba Group Holding Limited; Amazon.com Inc.; Broadcom; Digital Ocean; Google LLC; International Business Machines Corporation; Microsoft Corporation; Navisite; Oracle Corporation; Rackspace; Salesforce.com Inc.; SAP SE; Verizon Cloud; Workday, Inc.

Who are the key players in the U.S. cloud computing market?

The Software as a Service (SaaS) segment accounted for the largest revenue share of 55.08% in 2023. Remote working has triggered massive demand for SaaS services in the U.S. market, aiding collaborative working to access previously centralized data and intelligence.

What are the factors driving the U.S. cloud computing market?

Organizations in the U.S. are shifting their preference from legacy software to cloud-based software to support the growing adoption of new technologies such as Artificial Intelligence (AI), Machine Learning (ML), 5G, and Internet of Things (IoT).