North America Cloud Computing Market Growing Owing to The Presence Of Leading Vendor & Growing Adoption Of Personal Cloud Services

North America Cloud Computing Market Projected to Reach USD 131.87 Billion by 2024

The high internet penetration in the region coupled with multi-national agreements to bring cloud computing based new business opportunities is driving the growth of North America cloud computing market. According to Goldstein Research, North America cloud computing market size is expected to reach USD 131.87 billion by 2024, growing at a compounded annual growth rate of 16.0% during the forecast period 2016-2024. Based on North America cloud computing growth statistics, Canada total expenditure on public cloud services is expected to grow from USD 6.4 billion in 2016 to USD 21.8 billion by 2024 owing to stringent government policies towards the establishment of data centers in Canada.

Further, North America cloud computing market segmentation has been carried out on the basis of mode of development, cloud services, end users, and geography. The major players in the market globally intend to have increased focus on cloud services and therefore the Global IT and Cloud Services Market is anticipated to grow at a CAGR of 11.4% during the forecast period. Furthermore, the U.S. accounts for the highest market share not only in North America but also in the global cloud computing market and thus by 2024 it is estimated to reach USD 105.5 billion.

Market Segmentation

On the basis of our in-depth analysis, North America Cloud Computing Market can be segmented as follows:

  • By Mode of Deployment
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
  • By Cloud Service
    • Infrastructure as a service (IaaS)
    • Platform as a service (PaaS)
    • Software as a service (SaaS)
  • By End Users
    • Manufacturing Sector
    • Banking & Finance Service Sector
    • Government Sector
    • Private Organizations
    • Healthcare Sectors
    • Consumer Electronics
    • Other Sectors (Education)
  • By Country
    • United States {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
    • Canada {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)} 

 

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North America Cloud Computing Market Outlook 2024contains a detailed overview of the North America cloud computing market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by mode of development, cloud services, and end users.

Further, for the in-depth analysis, North America Cloud Computing Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Amazon Web Services, Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Rackspace, VMware, Oracle, General Electric, Google Inc., Akamai, Fujitsu Ltd., Red Hat, Salesforce.com, HP, NTT Data Corporation, SAP, Dell Inc., Caspio Inc., Skytap, Accenture, Capgemini, ENKI LLC, Flexiant Ltd., CA Technologies Inc., etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the North America cloud computing market size along with a market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on ICT industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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