In the first quarter of 2021, Amazon Web Services (AWS) took 37 percent of market share of the cloud infrastructure services in the United States. Microsoft Azure takes the second place with 23 percent, and Google Cloud the third with 9 percent market share. Collectively, these cloud service providers account for 69 percent of total cloud infrastructure services spend in the United States market.

The United States Cloud Computing Market Report is Segmented by Type (Public Cloud [IaaS, Paas, Saas], Private Cloud, and Hybrid Cloud), Organization Size (SMEs and Large Enterprises), End-User Verticals (Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector, and Other End-User Verticals (Utilities, Media & Entertainment, Etc. )). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In the fourth quarter of 2024, the most popular vendor in the cloud infrastructure services market, Amazon Web Services (AWS), controlled 33 percent of the entire market. Microsoft Azure takes second place with 20 percent market share, followed by Google Cloud with 10 percent market share. Together, these three cloud vendors account for 63 percent of total spend in the fourth quarter of 2024. Organizations use cloud services from these vendors for machine learning, data analytics, cloud native development, application migration, and other services. AWS Services Amazon Web Services is used by many organizations because it offers a wide variety of services and products to its customers that improve business agility while being secure and reliable. One of AWS’s most used services is Amazon EC2, which lets customers create virtual machines for their strategic projects while spending less time on maintaining servers. Another important service is Amazon Simple Storage Service (S3), which offers a secure file storage service. In addition, Amazon also offers security, website infrastructure management, and identity and access management solutions. Cloud infrastructure services Vendors offering cloud services to a global customer base do so through different types of cloud computing, which include infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Further, there are different cloud computing deployment models available for customers, namely private cloud and public cloud, as well as community cloud and hybrid cloud. A cloud deployment model is defined based on the location where the deployment resides, and who has access to and control over the infrastructure.

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

Study Period	2019-2029
Market Size (2024)	USD 0.68 Trillion
Market Size (2029)	USD 1.44 Trillion
CAGR (2024 - 2029)	16.40%
Fastest Growing Market	Asia Pacific
Largest Market	North America

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

Regions and Countries Covered:

North America	United States, Canada
Europe	Germany, United Kingdom, Italy, France, Russia, and Rest of Europe
Asia-Pacific	India, China, Japan, South Korea, and Rest of Asia-Pacific
Latin America	Brazil, Mexico, Argentina, and Rest of Latin America
Middle East and Africa	Brazil, Mexico, Argentina, and the Rest of Middle East and Africa

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

The United States EHR Cloud Computing Market is segmented by Deployment (Private Cloud, Hybrid Cloud, Public Cloud), Service (Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS)) and End-User Applications (Hospital, Clinics, and Specialty center).

The global revenue in the public cloud market was forecast to continuously increase between 2024 and 2029 by in total 1 trillion U.S. dollars (+133.57 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 1.8 trillion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the public cloud market was continuously increasing over the past years.Find more information concerning Belgium and Poland. The Statista Market Insights cover a broad range of additional markets.

The cloud service market is expected to be valued at US$ 624.8 billion in 2024. The cloud service technologies are predicted to rise at a staggering CAGR of 15.7% from 2024 to 2034. The global market is anticipated to reach US$ 2,686.06 billion by 2034.

Attributes	Key Insights
Estimated Market Size in 2024	US$ 624.8 billion
Projected Market Value in 2034	US$ 2,686.06 billion
Value-based CAGR from 2024 to 2034	15.7%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

Historical CAGR from 2019 to 2023	14.9%
Forecast CAGR from 2024 to 2034	15.7%

Country-wise Analysis

Countries	Forecast CAGRs from 2024 to 2034
The United States	12.6%
Germany	15.2%
Japan	16.9%
China	16.2%
Australia and New Zealand	19.2%

Category-wise Insights

Category	Market share in 2024
Software as a Service (SaaS)	56.1%
Public Cloud	60.4%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 624.8 billion
Projected Market Valuation in 2034	US$ 2,686.06 billion
Value-based CAGR 2024 to 2034	15.7%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East and Africa
Key Market Segments Covered	Service Type Deployment Enterprise Size Industry Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	IBM Corporation Dell Technologies SAP Google Oracle Corporation Cisco System Inc. AWS Fujitsu Global Rackspace Technologies Inc. Microsoft

Market Overview:

United States telecom cloud market size is projected to exhibit a growth rate (CAGR) of 15.10% during 2024-2032. The inflating need among enterprises for enhancing business agility and operational efficiency, along with the lower operational and administrative costs, is primarily augmenting the market growth across the country.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	15.10%

Telecom cloud refers to the transformation in the telecommunications sector, transitioning from traditional machine-based landline services to cloud computing services. This shift enables the efficient utilization of networking resources, offering limitless network capacity to handle unpredictable data growth and enhance the overall customer experience. Telecom cloud delivers immediate technical and economic benefits with minimal management effort or involvement from service providers. Additionally, it supports the virtualization of storage, servers, and networks, leading to reduced infrastructure costs and efficient resource sharing. In recent times, telecom cloud solutions have gained prominence across diverse industries, such as banking, financial services, insurance (BFSI), healthcare, retail, media and entertainment, manufacturing, government, and transportation.

United States Telecom Cloud Market Trends:

The United States telecom cloud market stands at the forefront of a revolutionary transformation in the telecommunications industry, marking a shift from traditional machine-based landline services to the adoption of cloud computing services. Additionally, this evolution allows for the efficient utilization of networking resources, providing an expansive network capacity to effectively manage the unpredictable surge in data growth while significantly enhancing the overall customer experience. Besides this, telecom cloud solutions offer immediate technical and economic advantages with minimal management efforts and reduced dependence on service providers, which is acting as another significant growth-inducing factor. Moreover, this innovation further supports the virtualization of storage, servers, and networks, leading to a notable reduction in infrastructure costs and the efficient sharing of resources. In recent years, the telecom cloud market has experienced widespread adoption across various sectors in the United States, including banking, financial services, insurance (BFSI), healthcare, retail, media and entertainment, manufacturing, government, and transportation. Furthermore, as industries increasingly recognize the value of this transformative technology, the United States telecom cloud market is poised for sustained growth, playing a pivotal role in reshaping the landscape of telecommunications and data management in the country over the forecasted period.

United States Telecom Cloud Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, computing services, application, and end user.

Type Insights:

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• Public Cloud
• Private Cloud
• Hybrid Cloud
  

The report has provided a detailed breakup and analysis of the market based on the type. This includes public cloud, private cloud, and hybrid cloud.

Computing Services Insights:

• SaaS
• IaaS
• PaaS
  

A detailed breakup and analysis of the market based on the computing services have also been provided in the report. This includes SaaS, IaaS, and PaaS.

Application Insights:

• Computing
• Data Storage
• Achieving
• Enterprise Application
• Others
  

The report has provided a detailed breakup and analysis of the market based on the application. This includes computing, data storage, achieving, enterprise application, and others.

End User Insights:

• BFSI
• Retail
• Manufacturing
• Transportation and Distribution
• Healthcare
• Government
• Media and Entertainment
• Others
  

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes BFSI, retail, manufacturing, transportation and distribution, healthcare, government, media and entertainment, and others.

Regional Insights:

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• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Telecom Cloud Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million US$
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Computing Services Application End User Region
Types Covered	Public Cloud, Private Cloud, Hybrid Cloud
Computing Services Covered	SaaS, IaaS, PaaS
Applications Covered	Computing, Data Storage, Achieving, Enterprise Application, Others
End Users Covered	BFSI, Retail, Manufacturing, Transportation and Distribution, Healthcare, Government, Media and Entertainment, Others
Regions Covered	Northeast, Midwest,

Market Overview:

United States public cloud market size is projected to exhibit a growth rate (CAGR) of 9.20% during 2024-2032. The growing need to modernize information technology (IT) infrastructure, applications, and processes, rising need to automate software development and testing, and increasing preferences for energy-efficient and eco-friendly solutions represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	9.20%

A public cloud is a cloud computing service provided by third-party vendors over the internet. It comprises infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). It operates on a pay-as-you-go or subscription-based pricing model that eliminates the need for organizations to purchase and maintain costly on-premises hardware and software. It can securely store and back up data in the cloud, ensuring data availability and disaster recovery preparedness. It facilitates remote work and collaboration by offering a wide array of cloud-based productivity and communication tools. It enables companies to access and utilize computing resources, software applications, and storage capacity without the need for on-premises infrastructure. It provides scalability, cost-efficiency, and accessibility and is suitable for organizations seeking to streamline operations. It allows users to easily adjust their resource allocation based on changing needs, which is particularly valuable for companies with fluctuating workloads. It enables organizations to handle workload variations efficiently without the need for significant capital investments. It assists in providing the computational power and storage capacity required for processing and analyzing vast amounts of data. As it aids in handling infrastructure maintenance, software updates, and security patches, the demand for public cloud is rising in the United States.

United States Public Cloud Market Trends:

At present, the escalating demand for public cloud to reduce information technology (IT) infrastructure costs and optimize operational expenses represents one of the major factors influencing the market positively in the United States. Additionally, the increasing adoption of public cloud, as it handles vast amounts of data and supports data-driven decision-making, is impelling the growth of the market in the country. Apart from this, there is a rise in the demand for scalable, affordable, and flexible solutions in organizations. This, coupled with the growing employment of public cloud, as it offers compliance certifications and tools to help companies meet regulatory requirements, is offering a positive market outlook in the country. Moreover, the increasing usage of public cloud services to modernize the IT infrastructure, applications, and processes of a company is bolstering the growth of the market. In line with this, the introduction of new technologies and services, such as artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) tools, enable companies to stay competitive and adopt advanced solutions without the need for extensive in-house development, which is strengthening the market growth in the US. Furthermore, the rising utilization of public cloud, as it allows organizations to automate software development and testing, is providing lucrative growth opportunities to industry investors. In addition, the increasing adoption of public cloud, as it is more energy-efficient and eco-friendly compared to traditional data centers, is contributing to the market growth in the country.

United States Public Cloud Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on service, enterprise size, and end use.

Service Insights:

https://www.imarcgroup.com/CKEditor/38a6cafd-ee54-49de-8afd-822dc2852078other-regions1.webp" style="height:450px; width:800px" />

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)
  

The report has provided a detailed breakup and analysis of the market based on the service. This includes infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).

Enterprise Size Insights:

• Large Enterprises
• Small and Medium-sized Enterprises
  

A detailed breakup and analysis of the market based on the enterprise size have also been provided in the report. This includes large enterprises and small and medium-sized enterprises.

End Use Insights:

• BFSI
• IT and Telecom
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Healthcare
• Media and Entertainment
• Government and Public Sector
• Others
  

The report has provided a detailed breakup and analysis of the market based on the end use. This includes BFSI, IT and telecom, retail and consumer goods, manufacturing, energy and utilities, healthcare, media and entertainment, government and public sector, and others.

Regional Insights:

https://www.imarcgroup.com/CKEditor/cd43b581-a2b7-4313-83bc-567884157a58other-regions8.webp" style="height:450px; width:800px" />

• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Public Cloud Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Service Enterprise Size End Use Region
Services Covered	Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)
Enterprise Sizes Covered	Large Enterprises, Small and Medium-sized

The North American Professional Cloud Services Market is segmented by Deployment (Public, Private, and Hybrid), Type of Service Model (Platform-as-a-Service, Software-as-a-Service, and Infrastructure-as-a-Service), End-user Industry (Healthcare, Retail, Entertainment, and Media, Government and Public Sector, BFSI, Information, and Communication Technology, and Other End-user Industries) and Country (United States and Canada). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Snapshot img

Latin America Cloud Computing Market Size 2025-2029

The latin america cloud computing market size is forecast to increase by USD 26.4 billion billion at a CAGR of 17.2% between 2024 and 2029.

The Latin American cloud computing market is experiencing significant growth due to the increasing adoption of cloud services for cost savings and enhanced business agility. According to recent studies, the region is witnessing a in demand for cloud solutions, particularly in sectors such as finance, healthcare, and education. A key driver for this trend is the growing recognition of the cost benefits associated with cloud computing, including reduced capital expenditures and operational expenses. However, the market is not without challenges. One of the most significant obstacles to growth is the complexity of integrating cloud solutions with existing IT infrastructure. This issue is particularly prevalent in larger organizations with legacy systems. Furthermore, concerns around data security and privacy have led many companies to opt for private cloud solutions. Despite these challenges, the market presents significant opportunities for companies seeking to capitalize on the region's growing demand for cloud services. To succeed, businesses must focus on addressing integration issues and providing security solutions to meet the evolving needs of Latin American organizations.

What will be the size of the Latin America Cloud Computing Market during the forecast period?

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The Latin American cloud computing market is experiencing growth, fueled by the region's increasing internet penetration and the demand for on-demand access to computing resources. According to industry reports, the market is expected to reach significant size in the coming years, driven by the adoption of various types of cloud services, including public, private, and hybrid cloud solutions. Businesses in Latin America are turning to cloud providers for infrastructure services such as storage and processing, enabling them to reduce capital expenditures and achieve cost savings. The region's market dynamics are shaped by the growing preference for cloud-based services in sectors like IT and finance, as well as the trend towards serverless computing. Cloud computing offers numerous benefits, including scalability, reliability, and accessibility, making it an attractive alternative to traditional mainframe computing. The internet explosion in Latin America has further accelerated the adoption of cloud services, as businesses seek to take advantage of the flexibility and efficiency offered by cloud providers. Overall, the Latin American cloud computing market is poised for continued growth, as more organizations embrace the benefits of cloud-based solutions.

How is this market segmented?

The market 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. ServiceSaaSIaaSPaaSDeploymentPublic cloudPrivate cloudGeographyLatin America

By Service Insights

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

Cloud computing has gained significant traction in Latin America, with software-as-a-service (SaaS) leading the market in 2024. In the SaaS model, cloud providers host software programs and associated data centers centrally, enabling users to access these applications and their features via web browsers over the Internet. Subscription fees grant users on-demand access to these services, eliminating the need for businesses to develop applications for various devices. SaaS offers numerous benefits, including cost savings, increased capacity, and reduced capital expenditures. Additionally, cloud infrastructure services, including public, private, hybrid, and serverless computing, are gaining popularity. IoT, machine learning, and infrastructure services are essential components of cloud computing, offering networking features, data storage space, and operating system support. Resource procurement, capacity planning, software maintenance, and cost savings are crucial considerations for businesses adopting cloud computing. Key players in the Latin American cloud computing market include leading research firms such as , , , s, , , , and .

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The SaaS segment was valued at USD billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Latin America C

The United States healthcare cloud computing market size reached USD 12 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 34.4 Billion by 2033, exhibiting a growth rate (CAGR) of 12.1% during 2025-2033. The increasing shift toward electronic health records (EHRs), telemedicine, and data-driven decision-making, the rising amounts of data, including patient records, and the escalating demand for interoperability and seamless data sharing among healthcare providers represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
​Market Size in 2024	USD 12 Billion
​Market Forecast in 2033	USD 34.4 Billion
Market Growth Rate (2025-2033)	12.1%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on service model, cloud deployment model, application, and end user.

In 2021, the global hybrid cloud market was valued at 85 billion U.S. dollars and is expected to reach 262 billion U.S. dollars in 2027. Over this period, the Asia Pacific region is expected to grow at the highest rate. Some key players in this market are Cisco, HPE, AWS, and IBM. What is hybrid cloud? Hybrid cloud is an approach or an architectural style that combines at least one private cloud with at least one public cloud. In general, hybrid clouds consolidate IT resources, connect multiple computers through a network, orchestrate processes with the help of automation, and rely on a single plane of management. Connecting these processes and environments efficiently makes it possible to manage complex cloud networks comprehensively, which is why hybrid cloud support has become a major consideration for IT leaders when selecting a cloud provider. What are hybrid cloud benefits? Among the benefits organizations utilize by deploying a hybrid cloud strategy is the flexibility from easily and securely storing and moving data and workloads in different environments. If utilized correctly, this approach can give organizations greater control over their private data. However, in order to realize these benefits, organizations worldwide indicate needing management capabilities for hybrid cloud strategies, such as performance monitoring and analytics or cloud cost management.

The global private cloud services market is forecasted to value US$ 405.30 billion by 2033, up from US$ 92.64 billion in 2023. As per the market reports, the private cloud services market share is advancing at a CAGR of 15.8% during the forecast period.

Report Attributes	Details
Private Cloud Services Market Value (2023)	US$ 92.64 billion
Private Cloud Services Market Anticipated Value (2033)	US$ 405.30 billion
Private Cloud Services Projected Growth Rate (2023 to 2033)	15.8%

Regional Analysis

Region	North America
Market Share % (2023)	40.1%

Region	Europe
Market Share % (2023)	23.5%

Report Scope

Report Attributes	Details
Growth Rate	CAGR of 15.8% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ billion and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Type Service Industry Vertical Region
Regions Covered	North America Latin America Europe East Asia South Asia Oceania The Middle East and Africa
Key Countries Profiled	The United States Canada Brazil Argentina Germany The United Kingdom France Spain Italy Nordics BENELUX Australia & New Zealand China India ASIAN GCC South Africa
Key Companies Profiled	Cisco Systems, Inc. Dell Inc. HP Inc. IBM Corporation Microsoft Corporation Oracle Corporation Rackspace Hosting, Inc. Red Hat, Inc. Salesforce.com, Inc. VMware, Inc.
Customization	Available Upon Request

The data virtualization cloud market is capturing a valuation of US$ 1,139 million in 2023 and is predicted to reach US$ 10,778.7 million by 2033. The market is registering a CAGR of 25.2% during the forecast period.

Attributes	Details
Data Virtualization Cloud Market Share (2022)	US$ 913.5 million
Data Virtualization Cloud Market Size Value (2023)	US$ 1,139 million
Data Virtualization Cloud Market Size Value (2033)	US$ 10,778.7 million
Data Virtualization Cloud Market Growth Rate (2023 to 2033)	25.2%

Category-wise Insights

Market Segments by Component	Standalone Software
Value in 2023	US$ 569.4 million
CAGR (2023 to 2033)	22.7%

Market Segments by Component	Data Integration Tools
Value in 2023	US$ 381.4 million
CAGR (2023 to 2033)	25.9%

Market Segments by Component	Application Tool Solution
Value in 2023	US$ 188.2 million
CAGR (2023 to 2033)	30.5%

Market Segments by Data Consumer	Business Intelligence Tools
Value in 2023	US$ 576.5 million
CAGR (2023 to 2033)	24.1%

Market Segments by Data Consumer	Enterprise Allocation
Value in 2023	US$ 262.2 million
CAGR (2023 to 2033)	31.8%

Market Segments by Data Consumer	Mobile and Web Applications
Value in 2023	US$ 300.2 million
CAGR (2023 to 2033)	20.6%

Market Segments by Deployment model	Public Cloud Data Virtualization
Value in 2023	US$ 600.1 million
CAGR (2023 to 2033)	22.1%

Market Segments by Deployment model	Hybrid Cloud Data Virtualization
Value in 2023	US$ 237.1 million
CAGR (2023 to 2033)	25.8%

Market Segments by Deployment model	Private Cloud Data Virtualization
Value in 2023	US$ 174.9 million
CAGR (2023 to 2033)	28.8%

Market Segments by Deployment model	Multi-cloud Data Virtualization
Value in 2023	US$ 126.9 million
CAGR (2023 to 2033)	31.9%

Snapshot img

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 global private cloud services market is expanding steadily, driven by growing needs for secure, scalable IT infrastructure and advancements in cloud technology. Key drivers include the increasing emphasis on data privacy and compliance, as businesses prioritize secure environments for sensitive information, and the integration of hybrid cloud solutions, which offer flexibility to meet diverse workload demands across sectors like finance, healthcare, and retail.
This report provides a clear view of the global private cloud services market, including market size, growth projections, and key segments such as infrastructure as a service (IaaS) and platform as a service (PaaS). It delivers actionable insights for IT strategy, client solutions, and operational efficiency. A significant trend highlighted is the rise of edge computing within private clouds, enabling faster data processing closer to its source. One critical challenge explored is the high initial investment required for deployment, which can strain budgets despite long-term benefits. The report also examines regional trends, identifying opportunities in North America, Europe, APAC, and beyond.
For organizations seeking a competitive advantage in a global landscape, this report offers essential data and analysis to navigate emerging trends and address implementation challenges, ensuring they optimize their private cloud investments effectively

What will be the size of Market during the forecast period?

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Private cloud services have gained significant traction in today's digital landscape, offering businesses on-demand platforms for intelligent data services with enhanced security and control. With the increasing importance of data protection and confidentiality, private cloud solutions have become a preferred choice for organizations looking to mitigate infrastructure setup expenses and ensure business continuity. A hybrid strategy, combining both private and public cloud services, has emerged as a popular choice for businesses seeking the benefits of both worlds. Hybrid CSPs offer the flexibility of public cloud with the security and control of private cloud, allowing businesses to host sensitive workloads on private servers while leveraging public cloud for less critical applications.

Market Segmentation

The market 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


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

Which is the largest segment driving market growth?

The IaaS segment is estimated to witness significant growth during the market forecast period. Private cloud services, a model of cloud computing, offer enterprises, including Small and Medium-sized Enterprises (SMEs) and Large Enterprises, the ability to access and utilize computing infrastructure as a service over the Internet. This infrastructure includes servers, storage, and data center space or network components. Vendors of Infrastructure as a Service (IaaS) provide enterprises with on-demand access to a vast pool of IT equipment installed across numerous data centers worldwide. Data center managed services and cloud computing are essential components offerings, providing businesses with customizable, secure, and efficient IT solutions.

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The IaaS segment was valued at USD 94.2 billion in 2019. By operating entirely within corporate firewalls, the service providers can ensure the security of applications and data. This is a crucial consideration for industries such as IT & telecommunication and healthcare, which handle sensitive information. The automated delivery model of IaaS ensures that enterprises can easily scale their computing resources to meet their evolving needs. Interoperability concerns are minimal in private IaaS as the infrastructure is dedicated to a single organization. This makes it an attractive option for enterprises seeking greater control over their IT environment while still enjoying the cost savings and flexibility associated with cloud computing.

Which region is leading the market?

For more insights on t

The size and share of the market is categorized based on geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Market Overview:

United States cloud storage market size is projected to exhibit a growth rate (CAGR) of 24.20% during 2024-2032. Increasing demand for cloud-based solutions across industries, environmental benefits of cloud storage, rapid digital transformation, escalating data security concerns, growing demand for hybrid cloud solutions, and strategic partnerships within the cloud storage industry are contributing to the market's expansion.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	24.20%

Cloud storage is a modern data storage solution that is created by utilizing remote servers and internet connectivity to store and manage data, rather than relying on traditional local storage methods, such as hard drives or physical servers. It is extensively used for data backup, allowing users and organizations to safeguard their critical information against data loss due to hardware failures or accidents. Additionally, it is widely employed for file sharing and collaboration. Users can easily share documents, images, and other files with colleagues, clients, or collaborators, making it a convenient solution for remote work and team projects. One of the key advantages of cloud storage is its accessibility and scalability. Users can access their stored data from anywhere with an internet connection, making it convenient for remote work or on-the-go access. Furthermore, it can be easily scaled up or down based on the specific storage needs of users or organizations. This scalability eliminates the need to invest in additional hardware as data requirements grow, resulting in cost savings and increased flexibility.

United States Cloud Storage Market Trends:

The United States cloud storage market is influenced by several key drivers, such as the increasing adoption of cloud-based solutions across various industries, including healthcare, finance, and retail. As organizations seek to optimize data management and accessibility, cloud storage offers a scalable and cost-effective solution. In line with this, the ongoing digital transformation trends, accelerated by the COVID-19 pandemic, have fueled the demand for cloud storage services, which is boosting the market growth. Moreover, remote work, online collaboration, and data analytics have become essential, driving companies to leverage cloud storage for secure and efficient data handling. Additionally, data security concerns and regulatory compliance requirements have driven businesses to opt for trusted cloud storage providers that offer robust encryption and compliance features, which is boosting the market growth. Moreover, the growing popularity of hybrid cloud solutions, which combine on-premises infrastructure with cloud storage, is another significant driver. Furthermore, the need for disaster recovery and business continuity planning has led to increased adoption of cloud storage as a reliable backup solution, which is favoring the market growth in the country.

United States Cloud Storage Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, deployment type, user type, and industry vertical.

Component Insights:

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• Solution
• Services
  

The report has provided a detailed breakup and analysis of the market based on the component. This includes solution and services.

Deployment Type Insights:

• Private
• Public
• Hybrid
  

A detailed breakup and analysis of the market based on deployment type have also been provided in the report. This includes private, public, and hybrid.

User Type Insights:

• Large Enterprises
• Small and Medium-sized Enterprises
  

The report has provided a detailed breakup and analysis of the market based on the user type. This includes large enterprises and small and medium-sized enterprises.

Industry Vertical Insights:

• BFSI
• Government and Public Sector
• Healthcare
• IT and Telecom
• Retail
• Manufacturing
• Media and Entertainment
• Others
  

A detailed breakup and analysis of the market based on industry verticals have also been provided in the report. This includes BFSI, government and public sector, healthcare, IT and telecom, retail, manufacturing, media and entertainment, and others.

Regional Insights:

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• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Cloud Storage Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component Deployment Type User Type Industry Vertical Region
Components Covered	Solution, Services
Deployment Types Covered	Private, Public, Hybrid
User Types Covered	Large Enterprises, Small and Medium-sized Enterprises
Industry Verticals Covered	BFSI, Government and Public Sector, Healthcare, IT and Telecom, Retail, Manufacturing, Media and Entertainment, Others
Regions Covered	Northeast, Midwest, South, West
Customization Scope	10% Free

Government Cloud Market is estimated to reach USD 140.2 Billion By 2033, Riding on a Strong 15.4% CAGR throughout the forecast period.

The Report Offers Hybrid Cloud Market Analysis and is Segmented by Type (Solutions, Services), End-User Industry (Government and Public Sector, Healthcare, BFSI, Retail, Information and Communication Technology, Media and Entertainment), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.