North America Cloud Storage Service Market Size and Forecast by Type, Deployment Model, Organization Size, Subscription Model, Industry, and Country: 2019-2033

North America Cloud Storage Service Market Outlook

The North America cloud storage service market is undergoing a paradigm shift—no longer defined by volume or capacity alone, but by performance intelligence, regulatory alignment, and AI-readiness. By 2033, the market is poised to surpass US$132 billion, with the US, Canada, and Mexico representing strategic growth pillars driven by regional policy evolution, technological breakthroughs, and sectoral digitalization. As per David Gomes, Manager – IT, “We’re seeing a market where cloud storage decisions are no longer tactical—they’re central to long-term enterprise value and AI competitiveness.”

In the US cloud storage service adoption is scaling beyond traditional use cases, propelled by sector-specific mandates and emerging technologies. Enterprises are now prioritizing hybrid cloud strategies that merge public cloud elasticity with private cloud security to meet stringent data privacy standards such as HIPAA and CCPA. AI and ML are being integrated directly into storage architecture, revolutionizing not just how data is stored, but how it is processed and utilized.

A notable example is Google Cloud's partnership with NetApp, enabling high-throughput, AI-ready data lakes that optimize generative AI model training—offering real-time performance at up to 30 GiB/s. These innovations reduce latency and manual intervention, making intelligent storage an operational necessity for sectors like healthcare, fintech, and retail.

Meanwhile, the rapid proliferation of 5G networks and edge computing is reconfiguring storage topology across North America. Edge-cloud convergence allows latency-sensitive applications—such as autonomous vehicles, IoT telemetry, and remote diagnostics—to store and process data near the source.

This reduces bandwidth dependency and aligns with tightening regulations around data sovereignty and local residency. Industry leaders like Pure Storage and CoreWeave are leveraging this shift, combining flash-optimized storage with AI-focused infrastructure to accelerate deep learning performance and ensure SLA-backed reliability.

Canada is carving a distinctive niche by emphasizing data sovereignty and carbon-neutral storage infrastructure. Cloud providers are aligning with national privacy frameworks such as PIPEDA and the Digital Charter by deploying sovereign cloud models. For example, Cloudian’s sovereign object storage service—developed with a Canadian partner—caters directly to public sector needs, ensuring full control over data access and compliance.

At the same time, sustainability is now a procurement priority. In response to federal initiatives like those from Natural Resources Canada (supporting data), cloud storage operators are integrating renewable energy and low-carbon practices to secure long-term enterprise contracts, especially in sectors like legal tech and education.

Mexico presents a high-growth frontier, anchored in digital sovereignty policies and hyperscale expansion. AWS's US$5 billion investment into new cloud regions in Mexico signals a strategic redirection of global infrastructure to meet local data control and latency demands.

Similarly, Oracle’s collaboration with Telmex leverages fiber optic infrastructure to offer edge-based cloud storage for industries where compliance and uptime are non-negotiable. These initiatives are redefining the role of cloud storage in financial services, e-commerce, and healthcare—sectors where encrypted, API-integrated storage solutions with high IOPS throughput are essential.

AI-native startups are also reshaping the landscape across North America. Lucidity’s “Lumen” storage manager exemplifies this evolution, offering multi-cloud optimization with automated disk tiering and predictive cost analytics—features that are vital for IT teams managing complex workloads across AWS, Azure, and Google Cloud. In Canada, localized services like Financial Cents’ encrypted file storage solution for CPA firms highlight the increasing demand for verticalized, plug-and-play offerings designed to meet sector-specific compliance requirements.

Across the continent, decision-makers are demanding more than just storage—they require a dynamic, future-proof infrastructure capable of supporting AI training, real-time analytics, and evolving compliance frameworks. Object storage is gaining traction in response to growing unstructured data from surveillance, genomics, and digital content. Companies like Leaseweb and Quantum are responding with Kubernetes-native, S3-compatible platforms that allow DevOps teams to orchestrate storage-as-code across hybrid environments.

According to David Gomes, “The trajectory of cloud storage in North America is no longer linear. Enterprises are now architecting intelligent data fabrics—blending localized compliance, edge performance, and AI-centric agility to transform cloud storage into a competitive weapon.” As this shift accelerates, providers who offer resilience, contextual intelligence, and financial transparency—such as zero-egress fee models and multi-zone SLAs—will emerge as market leaders.

Authors: David Gomes (Manager - IT)

*Research Methodology: This report is based on DataCube’s proprietary 3-stage forecasting model, combining primary research, secondary data triangulation, and expert validation. [Learn more]

North America Cloud Storage Service Market Scope

North America Cloud Storage Service Market Country Coverage