The North America cloud computing market, valued at $248.07 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 15.23% from 2025 to 2033. This expansion is fueled by several key factors. Increased digital transformation initiatives across various sectors, including manufacturing, healthcare, and BFSI (Banking, Financial Services, and Insurance), are creating a surge in demand for cloud-based solutions. The enhanced scalability, cost-effectiveness, and improved security offered by cloud services are compelling businesses of all sizes, from SMEs to large enterprises, to adopt cloud technologies. Furthermore, the growing adoption of hybrid cloud models, which combine the benefits of public and private clouds, is accelerating market growth. Government and public sector initiatives promoting digital infrastructure are also contributing significantly. The major players, including Amazon Web Services (AWS), Google Cloud, Microsoft Azure, and Salesforce, are further stimulating the market through continuous innovation and competitive pricing strategies. The market segmentation reveals significant opportunities across various sectors. The public cloud segment (IaaS, PaaS, SaaS) dominates, followed by hybrid and private cloud deployments. Large enterprises currently hold a larger market share compared to SMEs, but the latter segment is showing strong growth potential as cloud adoption becomes more accessible and affordable. Geographically, the United States represents the largest market share within North America, with Canada exhibiting steady growth. While specific regional data for the United States and Canada are unavailable, industry analysis suggests the US holds a significantly larger portion of the overall North American market given its larger economy and higher technology adoption rate. The continued expansion of 5G networks and the Internet of Things (IoT) will further fuel the demand for cloud computing services in the coming years, supporting continued expansion of the market throughout the forecast period. Recent developments include: June 2024: Apple unveiled its cloud intelligence system, Private Cloud Compute (PCC), tailored for cloud-based artificial intelligence (AI) tasks, prioritizing privacy preservation. PCC aims to transfer complex, power-intensive requests to the cloud while guaranteeing that data remains confidential and is never exposed to any third party, including Apple., May 2024: VPS AI unveiled its decentralized cloud computing solutions. The launch of VPS AI marks a significant shift in the cloud computing landscape. VPS AI provides a decentralized solution for establishing virtual private servers and containerized nodes, enabling individuals and enterprises to liberate themselves from the dominance of major tech corporations.. Key drivers for this market are: Robust Shift Towards Digital Transformation Across North America, Advancement of AI and Big Data Analytics. Potential restraints include: Robust Shift Towards Digital Transformation Across North America, Advancement of AI and Big Data Analytics. Notable trends are: Robust Shift Towards Digital Transformation Across North America.

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Private Cloud Services Market Size 2025-2029

The private cloud services market size is forecast to increase by USD 385.7 billion at a CAGR of 19.6% between 2024 and 2029.

The market is witnessing significant growth, driven primarily by the increased preference for private cloud solutions due to enhanced data security. This trend is particularly prominent in the Banking, Financial Services, and Insurance (BFSI) sector, where the handling of sensitive financial data necessitates stringent security measures. However, the adoption of private cloud services is not without challenges. One of the major obstacles is the high costs associated with implementing and maintaining these services. Despite this, the market presents numerous opportunities for companies seeking to capitalize on the growing demand for secure and customizable cloud solutions. Organizations can address the cost challenge by exploring cost-effective deployment models, such as hybrid cloud, and optimizing resource utilization.
Additionally, they can leverage advanced technologies, such as automation and artificial intelligence, to streamline operations and reduce operational costs. Overall, the market is poised for growth, offering significant opportunities for companies that can effectively address the security concerns and cost challenges of their clients.

What will be the Size of the Private Cloud Services Market during the forecast period?

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The market continues to evolve, with dynamic market activities shaping its landscape. Cloud storage solutions, such as block and object storage, play a crucial role in data management for various sectors, including financial services and enterprise resource planning. Cloud automation, driven by network, storage, and server virtualization, enables continuous delivery and integration. Disaster recovery and business continuity are essential components of cloud services, ensuring uninterrupted operations for large enterprises. Cloud security is a top priority, with advanced solutions protecting against cyber threats and ensuring data privacy. Customer relationship management applications enhance business interactions, while API management streamlines integration and collaboration.
Cloud native and cloud-adjacent technologies, like machine learning and artificial intelligence, are transforming industries, from edge computing to big data analysis. Cost optimization and continuous improvement are ongoing priorities, with cost savings and efficiency gains driving adoption. Hybrid cloud solutions cater to diverse business needs, offering flexibility and scalability. Cloud orchestration and management tools facilitate seamless integration and optimization of these services. The Internet of Things and supply chain management are among the many sectors adopting cloud services for improved efficiency and innovation.

How is this Private Cloud Services Industry segmented?

The private cloud services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  IaaS
  SaaS
  PaaS


Type

  Large enterprise
  Small and medium enterprise


Vertical

  BFSI
  IT & Telecom
  Healthcare & Life Sciences
  Government & Public Sector
  Retail & Consumer Goods
  Manufacturing
  Energy & Utilities


Deployment Type

  Dedicated Private Cloud
  Virtual Private Cloud


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Service Insights

The iaas segment is estimated to witness significant growth during the forecast period.

Private cloud services, a model of Infrastructure-as-a-Service (IaaS), enable businesses to access and utilize computing infrastructure, including servers, storage, network components, and data center space, over the Internet. IaaS companies offer enterprises on-demand access to a vast pool of IT equipment installed across multiple data centers worldwide. These solutions are delivered in a highly automated manner, providing benefits such as better security. In a private cloud setup, the entire infrastructure operates within corporate firewalls, ensuring enhanced security for applications and data. Moreover, private cloud services support the integration of advanced technologies like cloud automation, network virtualization, storage virtualization, server virtualization, block storage, disaster recovery, file storage, cloud security, customer relationship management, object storage, and API management.

The adoption of these technologies contributes to the maturity of cloud services, enabling enterprises to optimize costs, improve business continuity, and enhance operational efficiency. Ar

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Public Cloud Services Market Size 2025-2029

The public cloud services market size is forecast to increase by USD 1707.7 billion, at a CAGR of 23.1% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of data center hyperscale and colocation providers. This trend signifies the industry's shift towards more scalable and flexible infrastructure solutions, enabling businesses to meet their evolving IT needs. Strategic partnerships and collaborations among market participants further fuel this growth, as companies seek to expand their offerings and reach new customer segments. However, challenges persist, including the risk of company lock-in and operational complexities. As businesses increasingly rely on cloud services, the ability to seamlessly transition between providers becomes crucial. Additionally, managing multiple cloud environments can be complex, requiring robust integration and orchestration capabilities. Companies seeking to capitalize on market opportunities and navigate challenges effectively must prioritize interoperability, flexibility, and ease of migration. By focusing on these areas, they can build a strong competitive position in the rapidly evolving public cloud services landscape.

What will be the Size of the Public Cloud Services Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with new technologies and applications emerging constantly. Cloud computing security remains a top priority, as businesses increasingly rely on cloud infrastructure for sensitive data. Serverless functions, such as AWS Lambda and Google Cloud Functions, enable cost optimization by allowing businesses to pay only for the compute time they use. Database migration to the cloud is also on the rise, with IDC predicting that public cloud data center revenues will grow at a compound annual growth rate (CAGR) of 23.1% through 2022. For instance, a retail company migrated its database to a cloud provider, resulting in a 30% reduction in IT costs and a 50% increase in sales due to improved application performance. Access control, devops automation, infrastructure as code, and other cloud-related technologies continue to gain traction. Multi-cloud strategies, edge computing, managed services, and high availability are also becoming increasingly common. API gateways, disaster recovery, identity management, and log management are essential components of cloud infrastructure. Cloud storage solutions, such as object storage and virtual machines, offer scalability and flexibility. Microservices architecture and cloud-native applications enable faster development and deployment. Hybrid cloud solutions, Elastic Compute Cloud, cloud bursting, data replication, and serverless computing are other key trends. Blockchain technology, container orchestration, security compliance, virtual private cloud, network security, software-defined networking, and other advanced technologies are transforming the cloud landscape. Cloud monitoring and scalability testing are crucial for ensuring optimal performance and reliability. Overall, the market is dynamic and evolving, with new technologies and applications continually unfolding.

How is this Public Cloud Services Industry segmented?

The public cloud services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ServiceSaaSIaaSPaaSTypeSMEsLarge enterpriseEnd UserBFSIIT & telecomRetail & consumer goodsManufacturingEnergy & utilitiesHealthcareMedia & entertainmentGovernment & public sectorOthersDeployment TypePublic CloudHybrid CloudApplicationStorage & BackupApplication Development & TestingAnalytics & Big DataBusiness ApplicationsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Service Insights

The saas segment is estimated to witness significant growth during the forecast period.Cloud computing services have experienced significant growth and innovation in recent years, with Software as a Service (SaaS) leading the charge. SaaS is a model that delivers software applications and associated data through central hosting, accessible via web browsers. This model offers businesses cost savings and scalability, as they avoid the expenses and complexities of purchasing and managing hardware and software. The adoption of SaaS has surged, particularly in sectors where real-time communication is crucial, such as instant messaging and social media. In fact, the SaaS market is projected to expand by 15% annually, according to industry reports. Security is a top priority in

Cloud Computing Market Growth | Industry Analysis, Size & Forecast Report

Dataset updated: Jun 27, 2024

Dataset authored and provided by: Mordor Intelligence

License: https://www.mordorintelligence.com/privacy-policy

Time period covered: 2019 - 2029

Area covered: Global

Variables measured: CAGR, Market size, Market share analysis, Global trends, Industry forecast

Description: The Cloud Computing Market size is estimated at USD 0.68 trillion in 2024, and is expected to reach USD 1.44 trillion by 2029, growing at a CAGR of 16.40% during the forecast period (2024-2029).

Report Attribute

Quantitative Units: Revenue in USD Billion, Volumes in Units, Pricing in USD

Regions and Countries Covered:

Industry Segmentation Covered:

By Cloud Computing: IaaS, SaaS, PaaS

By End-User: IT and Telecom, BFSI, Retail and Consumer Goods, Manufacturing, Healthcare, Media and Entertainment

Market Players Covered: Amazon Web Services, Google LLC, Microsoft Corporation, Alibaba Cloud, and Salesforce

Cloud Managed Services Market by Type (Cybersecurity, Infrastructure, Business, Network, Data Center, Communication, Mobility), Deployment (Public, Private, Hybrid), Organization, Sector (BFSI, Retail, Manufacturing, Automotive) - Global Forecast to 2030

Global public cloud market is expected at $3,383.37 million by 2033 at a growth rate of 18.32%.

Asia Pacific Cloud Computing Market size, market analysis, Market Revenue, trends, Regional Outlook, competition and growth opportunities till 2027

Global Personal Cloud Market size was valued at USD 23.4 billion in 2023 and is estimated to grow at a CAGR of around 19.5% during the forecast period 2024-30. nurturing alliances amidst the market competitors is one of the growth opportunities driving the personal cloud industry.

The France cloud computing market, valued at €19.25 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 16.91% from 2025 to 2033. This expansion is driven by several key factors. The increasing digitalization across various sectors, including BFSI, healthcare, and manufacturing, fuels the demand for scalable and flexible cloud solutions. Government initiatives promoting digital transformation and the adoption of advanced technologies within the public sector also contribute significantly to market growth. Furthermore, the rising adoption of cloud-based services by Small and Medium-sized Enterprises (SMEs) to enhance operational efficiency and reduce IT infrastructure costs further accelerates market expansion. The preference for hybrid cloud models, combining the benefits of both public and private clouds, is also a prominent trend shaping the market landscape. While data security concerns and the need for robust cybersecurity measures remain potential restraints, the overall market outlook is overwhelmingly positive, indicating substantial opportunities for cloud service providers and related businesses in France. The market segmentation reveals a diverse landscape. Public cloud services (IaaS, PaaS, SaaS) dominate, driven by their cost-effectiveness and accessibility. Large enterprises are major consumers, leveraging cloud computing for large-scale data processing and complex applications. However, SMEs are rapidly adopting cloud solutions, leading to significant growth in this segment. Among end-user industries, BFSI, healthcare, and IT & Telecom show the highest adoption rates, reflecting the critical role of reliable and secure cloud infrastructure in these sectors. The competitive landscape is characterized by a mix of global giants like Amazon Web Services, Microsoft, and Google, alongside established European players like Orange S.A. and Capgemini, fostering innovation and driving competition. The market's continued expansion hinges on consistent technological advancements, improved cybersecurity measures, and the sustained growth of digital transformation initiatives across all sectors within France. Recent developments include: May 2024: Clever Cloud and Vates unveiled a partnership designed to bolster the strategic autonomy of cloud services in France and across Europe. By merging their unique expertise, these two French cloud technology firms, experts in Platform as a Service as well as Infrastructure as a Service solution, are collaborating to present a robust, independent, and open alternative to major hyperscalers., April 2024: OVHcloud, a European cloud provider, unveiled a new cloud region in Paris, France. The newly established 3-AZ Paris region encompasses three data centers strategically positioned about 30 km apart, ensuring organizations benefit from enhanced resilience and reduced latency. In this region, OVHcloud enables data replication for near-instant failover and distribution for scalability.. Key drivers for this market are: Robust Shift Towards Digital Transformation Across the Country, Data Privacy Concerns Are Driving Increased Adoption Of Public Cloud Services. Potential restraints include: Robust Shift Towards Digital Transformation Across the Country, Data Privacy Concerns Are Driving Increased Adoption Of Public Cloud Services. Notable trends are: Robust Shift Toward Digital Transformation Across the Country Is Driving the Market's Growth Opportunities.

Cloud computing services market size is estimated to reach USD 3146.7 Billion by 2034, at a CAGR of 21.1% during the projected period. Increasing demand for affordable IT solutions is a significant market driver for cloud computing services.

GMI Research’s analysis indicates that the UAE Cloud Computing market is projected to grow at a higher CAGR of 38.2% during the forecast period.

Hybrid cloud market size and share is estimated to be USD 820.2 Billion by 2034, with a CAGR of 22.4% during the forecast period.

Hybrid Cloud Market By Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component, By Delivery Model, By Organization Size, By End User, By Region, Competition Forecast and Opportunities

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Cloud Artificial Intelligence (AI) Market Size 2024-2028

The cloud artificial intelligence (ai) market size is forecast to increase by USD 12.61 billion, at a CAGR of 24.1% between 2023 and 2028.

The market is experiencing significant growth, driven by the emergence of technologically advanced devices and the increasing adoption of 5G and mobile penetration. These advancements enable faster and more efficient data processing, leading to increased demand for cloud-based AI solutions. However, the market also faces challenges from open-source platforms, which offer free alternatives to proprietary AI offerings. Companies must navigate this competitive landscape by focusing on providing value-added services and maintaining a strong competitive edge through innovation and differentiation. To capitalize on market opportunities, organizations should explore applications in sectors such as healthcare, finance, and manufacturing, where AI can drive operational efficiency, enhance customer experiences, and generate new revenue streams. Effective strategic planning and a strong focus on data security will be crucial for businesses seeking to succeed in this dynamic and evolving market.

What will be the Size of the Cloud Artificial Intelligence (AI) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in machine learning (ML), computer vision, and natural language processing. Bias mitigation and responsible AI are increasingly prioritized, with knowledge graphs and explainable AI (XAI) playing crucial roles in ensuring transparency and trust. Agile development and AI ethics are integral to creating ethical and unbiased AI systems. ML models are being applied across various sectors, from fraud detection and sales forecasting to speech recognition and image recognition. Data security and privacy remain paramount, with cloud computing and edge computing solutions offering secure alternatives. Deep learning (DL) and reinforcement learning are advancing rapidly, enabling more sophisticated AI applications. Semantic reasoning and predictive analytics are transforming decision making, while AI-powered chatbots and virtual assistants enhance customer service. Data labeling and model training are essential components of AI development, with API integration streamlining deployment and model training. Risk management and predictive analytics are critical for businesses seeking to mitigate potential threats and optimize operations. The ongoing unfolding of market activities reveals a dynamic landscape, with AI regulations and governance emerging as key considerations. Sentiment analysis and text analytics offer valuable insights into customer behavior and preferences. In the ever-evolving AI ecosystem, continuous innovation and adaptation are essential. The integration of various AI technologies and applications will shape the future of business and society.

How is this Cloud Artificial Intelligence (AI) Industry segmented?

The cloud artificial intelligence (ai) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ComponentSoftwareServicesGeographyNorth AmericaUSEuropeGermanyUKAPACChinaJapanRest of World (ROW)

By Component Insights

The software segment is estimated to witness significant growth during the forecast period.Artificial Intelligence (AI) software development is a significant area of innovation in the business world, with applications ranging from automating operations to personalizing service delivery and generating insights. AI technologies, such as machine learning (ML), deep learning (DL), computer vision, speech recognition, and natural language processing, are transforming industries. Responsible AI practices, including bias mitigation and explainable AI (XAI), are crucial for building trust and ensuring fairness in AI systems. Agile development methodologies facilitate the integration of AI capabilities into existing software. Data security and privacy are paramount in AI implementations. Cloud computing and edge computing provide flexible solutions for storing and processing sensitive data. AI regulations, such as those related to data privacy and security, are shaping the market. AI ethics are also a critical consideration, with transparency and accountability essential for building trust in AI systems. AI is revolutionizing various industries, from healthcare to finance and marketing. In healthcare, AI is used for predictive analytics, sales forecasting, and fraud detection, improving patient outcomes and operational efficiency. In finance, AI is used for risk management

Snapshot img

Cloud Computing Market Size 2025-2029

The cloud computing market size is forecast to increase by USD 600.5 billion, at a CAGR of 18.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing trend towards cost savings and the heightened priority placed on data security. Businesses are increasingly turning to cloud solutions to reduce IT expenses and improve operational efficiency by using AI and ML technologies. Simultaneously, the demand for private cloud deployments is surging due to concerns over data security and compliance. However, the adoption of cloud computing is not without challenges. Integration issues persist as organizations grapple with combining various cloud services and on-premises systems. These challenges necessitate a strategic approach from companies seeking to capitalize on the market's potential while effectively navigating obstacles. By focusing on seamless integration and addressing data security concerns, organizations can maximize the benefits of cloud computing and maintain a competitive edge.

What will be the Size of the Cloud Computing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Cloud infrastructure continues to evolve, shaping the technological landscape with its dynamic nature. Compliance and security remain paramount, with data encryption being a critical component. Nosql databases and relational databases (RDBMS) coexist, catering to diverse business needs. Cloud cost management is an ongoing concern, as organizations navigate the complexities of public, private, and hybrid cloud environments. Business continuity and disaster recovery are integral to cloud computing adoption. Agile methodologies and serverless computing facilitate swift development and deployment. Virtual machines (VMs) and containerization offer flexibility, while cloud databases power data-driven decision-making. Cloud-native applications, cloud-based monitoring, and cloud-based software development streamline operations.

Cloud computing training and certifications equip professionals with the necessary skills. API management and edge computing expand the reach of cloud services. Cloud computing solutions cater to various sectors, from data warehousing and cloud analytics to cloud gaming and cloud-based productivity suites. Cloud telephony, cloud-based support, and unified communications enhance communication capabilities. Cloud optimization and artificial intelligence (AI) drive efficiency and innovation. Cloud governance ensures compliance with regulations and best practices. Cloud storage, cloud networking, and object storage provide scalable and secure data management. Cloud collaboration tools and file storage facilitate teamwork. Cloud monitoring and data analytics platforms offer insights into operational performance.

The continuous unfolding of market activities reveals evolving patterns, with public cloud, big data analytics, and cloud-based email services gaining traction. Cloud computing consulting and cloud-based training support organizations in their digital transformation journeys. The integration of load balancers, cloud-based testing, and cloud deployment tools further enhances the versatility of cloud infrastructure. In the ever-evolving cloud landscape, cloud computing regulations and business intelligence (BI) solutions emerge to address the unique challenges of the digital age. Cloud gaming, cloud-based productivity suites, and cloud-based support services expand the reach of cloud computing, offering new opportunities for businesses and individuals alike.

The ongoing adoption of cloud computing is marked by the seamless integration of various components, including cloud cost management, virtual machines, data warehousing, and cloud-native applications. The future of cloud infrastructure lies in its ability to adapt and innovate, driven by advancements in AI, ML, and edge computing.

How is this Cloud Computing Industry segmented?

The cloud computing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  Public cloud
  Private cloud


Service

  SaaS
  IaaS
  PaaS


Workload

  Application Development & Testing
  Data Storage & Backup
  Resource Management
  Orchestration Services
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW). 

By Deployment Insights

The public cloud segment is estimated to witness significant growth durin

The Global Healthcare Cloud Computing Market is expected to witness a growth rate of 15-17% in the next five years. The healthcare cloud computing market is experiencing growth driven by increasing demand to reduce operational costs, the rising adoption of electronic health records (EHRs) and health information technology (HIT) systems, and the healthcare industry’s shift […]

Global Government Service Cloud is segmented by Application (Government agencies, Citizens), Type (Cloud computing, Government services, Citizen services, E-governance) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Private Cloud Market valuation is estimated to reach USD 132.59 Bn in 2025 and is anticipated to grow to USD 224.31 Bn by 2032 with steady CAGR of 7.8%.

Hybrid Cloud Market Size, Share, Statistics, Trends Analysis & Industry Report by Service (SaaS, IaaS, and PaaS), By Enterprise (Large Enterprise and Small and Medium Enterprise), By End-Use (BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Energy and Utilities, Healthcare, Media & Entertainment, Government & Public Sector, and Others) and By Region - Market Scope, Growth Opportunities & Global Forecast, 2020-2027

The GPU cloud service market has emerged as a transformative force in the tech landscape, providing powerful computational capabilities that cater to diverse industries such as artificial intelligence, machine learning, big data analytics, and graphics rendering. As businesses continue to grapple with the increasing