US Cloud Computing Market | Analysis 2019-2032

US Cloud Computing Market by Service Model, Deployment Model, Subscription Model, Enterprise Size, End User – Industry Analysis, Size and Forecast, 2019-2032

Report Format:     | Pages: 110+
Type: Parent Industry Monitor | ID: CCT1532  | Publication: June 2024  |  US$925  |  

US Cloud Computing Market Growth and Performance


  • In 2024, the U.S. cloud computing market size is expected to achieve a market revenue of US$ 362.82 billion.
  • This market is projected to register a compound annual growth rate (CAGR) of 8.97%, resulting in a forecasted market value of US$ 645.13 billion by the end of 2031.

US Cloud Computing Market Outlook

The US cloud computing market continues to dominate the global landscape, fueled by rapid technological advancements, increasing digital transformation, and the widespread adoption of cloud services across industries. As businesses of all sizes—from startups to large enterprises—embrace cloud solutions, the US cloud computing market growth is projected to remain robust, driven by the need for scalable, efficient, and secure IT infrastructure. The US cloud computing market trends highlight the growing popularity of Software as a Service (SaaS), which offers cost-effective and flexible solutions for businesses. However, Infrastructure as a Service (IaaS) is anticipated to witness significant growth during the forecast period, driven by the proliferation of connected devices and the surge in digital data. The rise of remote workforces and the Bring Your Own Device (BYOD) trend are further accelerating the demand for cloud-based storage and networking services.

Key players like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud are expanding their data center capabilities to meet this demand. For instance, AWS recently unveiled its US South 3 (Virginia) region and announced a $35 billion investment in new data centers by 2040. Similarly, Microsoft is investing heavily in AI and cloud infrastructure, while Google is focusing on enhancing its cloud offerings to stay competitive.

US Cloud Computing Market Competitive Landscape

The US cloud computing market competitive landscape is characterized by intense competition among major players such as AWS, Microsoft, IBM, Oracle, and Google. These companies are prioritizing the enhancement of security layers on cloud infrastructure to address data privacy concerns and build trust among end-users. For example, the Cloud Smart initiative, launched in 2019, aims to streamline cloud adoption across federal agencies while ensuring robust security measures.

Emerging players like Nebius Group are also entering the market, leveraging expertise in AI and cloud infrastructure to carve out a niche. Nebius’s expansion into the US, with data centers in Kansas City and customer support hubs in San Francisco and Dallas, underscores the dynamic nature of the US cloud computing industry.

US Cloud Computing Market Development

While the US cloud computing market development is on an upward trajectory, challenges such as data security breaches, resource shortages, and energy constraints persist. Over 44% of businesses reported cloud-related breaches in 2024, highlighting the need for advanced encryption and access control mechanisms. Additionally, the shortage of AI chips and server components has impacted the growth of major players like AWS and Microsoft.

Despite these challenges, the US cloud computing market outlook remains positive. The federal government’s modernization efforts, such as the US Navy’s move to cloud-based torpedo systems, demonstrate the critical role of cloud technology in national security and defense. Furthermore, the increasing focus on sustainability—with cloud technology projected to reduce 38,000 metric tons of CO2e emissions annually—positions the US as a leader in green cloud computing.

The US cloud computing market is poised for continued growth, driven by innovation, strategic investments, and the increasing adoption of cloud services across sectors. As businesses and government agencies prioritize digital transformation, the US cloud computing industry will play a pivotal role in shaping the future of technology. With a strong focus on security, sustainability, and scalability, the US is set to maintain its leadership in the global cloud computing landscape.

This research report on US cloud computing market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.

US Cloud Computing Market Scope

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