North America Cloud Computing Market

Market Overview

Cloud computing business is projected to witness healthy expansion in terms of adoption and revenue in the near future. Presence of leading vendors of cloud computing in North America and growing adoption of personal cloud services by these companies across the globe is supporting the augmentation of North America cloud computing market. Rising investment by organization in IT infrastructure and cloud services and promotion of Cross Border Privacy Rules (CBPR) by the United States are expected to expand the opportunities for U.S. This is expected to fuel the growth of North America cloud computing market in the near future.

The U.S. based companies are partnering together to expand their business and maintain strong presence in international market. For instance, in 2017, IBM and VMware partnership enabled over 1,400 enterprises to extend their VMware environments to the IBM Cloud services, which also includes AI, data and analytics and IoT. This partnership is aiming to increase the adoption of cloud computing services by global enterprises.

Market Segmentation

North America Cloud Computing Market is segmented on the following basis:

• Based on Mode of Deployment

o Public Cloud

o Private Cloud

o Hybrid Cloud

• Based on Cloud Service

o Infrastructure as a service (IaaS)

o Platform as a service (PaaS)

o Software as a service (SaaS)

• By End Users

o Manufacturing Sector

o Banking & Finance Service Sector

o Government Sector

o Private Organizations

o Healthcare Sectors

o Consumer Electronics

o Other Sectors (Education)

• Based on Country

o United States {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

o Canada {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

Market Size and Forecast (2016-2024)

North America Cloud Computing Market is projected to reach USD 131.87 billion by 2024 and is anticipated to grow at a CAGR of 16.0% during the forecast period. Higher cloud services adoption rates in the region are contributing to the growth of North America cloud computing market.

High rate of internet penetration in the region is also likely to contribute in the expansion of cloud based services market in the region. Over 93% population of Canada have access to internet however, lack of fiber connection in remote locations is a major challenge for the expansion of cloud computing business in Canada. Public cloud services expenditures in Canada is estimated to grow from USD 6.4 billion in 2016 to USD 21.8 billion by 2024. Preferences of Canadian government for storing data in-country due to strict data policies are forcing the international and U.S. companies to establish their operations and data center in Canada. Microsoft and Amazon Web Services have recently announced plans to establish data centers in Canada to provide cloud services within the country. The data centers in Toronto and Quebec City will be the first Microsoft cloud locations in Canada. Other market players such as IBM, SAP, Salesforce, Fujitsu, Bell Canada, Telus, Internap, Cogeco and Rackforce have already established their operations in Canada. U.S. is the dominating country for North America cloud computing market in 2016 and is expected to dominate during the forecast period. The U.S. cloud computing market is projected to reach over 105.5 billion in 2024, registering a CAGR of 16.4% during the forecast period.

Market Drivers and Challenges

Trust-related issues in purchasing of cloud services from U.S. tech companies in international market mainly the companies who does not provide local storage is limiting the adoption of cloud services, thereby impacting the growth of North America cloud computing market. Due to strict data privacy policies many U.S. companies such as IBM, Microsoft and AWS have established their data center in foreign markets for storing data in-country. The Trans-Pacific Partnership (TPP) among 12 countries including the U.S. and contribution of U.S. based cloud tech companies for implementing several multi-national agreements are expected to bring new business opportunities for cloud computing in North America region.

Key Market Players

• Amazon Web Services

o Synopsis

o Business Strategy

o Product Portfolio

o SWOT Analysis

• 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.

Scope Background

Market Synopsis

Market Segmentation

The North America Cloud Computing Market is segmented as follows:

• By Mode of Deployment (Market Size, Demand Analysis and Growth Analysis)

• By Cloud Services (Market Size, Demand Analysis and Growth Analysis)

• By End-User (Market Size, Demand Analysis and Growth Analysis)

By Country

• United States {Market Size, Growth Analysis and Opportunity Analysis}

• Canada{Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors

• Regional Variations

• Recent Trends and Developments

Key Market Players

• Synopsis

• Business Strategy

• Product Portfolio

• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks