Market Size of United States Cloud Computing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 183.57 Billion |
| Market Size (2029) | USD 362.87 Billion |
| CAGR (2024 - 2029) | 14.61 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Cloud Computing Market Analysis
The United States Cloud Computing Market size is estimated at USD 183.57 billion in 2024, and is expected to reach USD 362.87 billion by 2029, growing at a CAGR of 14.61% during the forecast period (2024-2029).
- Driven by a growing demand for scalable and flexible infrastructure, the cloud computing market in the United States is on the rise. Companies harnessing cloud computing can easily adjust their resources, resulting in cost savings and improved efficiency. Across various industry verticals, the US market is undergoing a digital transformation. Emerging and established companies are adopting new technologies to deliver real-time experiences to their consumers. Furthermore, this adoption empowers organizations to enhance data visualization, making complex data more accessible and user-friendly.
- Organizations are increasingly adopting cloud platforms, driven by technological advancements like machine learning, big data analytics, and artificial intelligence. These innovations provide valuable insights, fuelling business innovation. The rise of the Software as a Service (SaaS) model, which offers on-demand software and applications, particularly entices small and medium-sized enterprises (SMEs) in their quest for cost-effective solutions.
- Furthermore, companies are increasingly adopting cloud services that boast strong security features to tackle regulatory compliance and data security issues. In the United States, the market is being driven by the dominance of major cloud service providers like Microsoft Azure, Amazon Web Services, and Google Cloud to their reliable and varied cloud solutions.
- In December 2023, McDonald's Corporation and Google unveiled a strategic multi-year global partnership. This collaboration aims to integrate Google Cloud technology into thousands of McDonald's restaurants. By harnessing an array of Google Cloud's hardware, data, and AI capabilities, McDonald's seeks to accelerate innovation and enhance experiences for its customers, restaurant teams, and employees.
- In June 2024, Persistent Systems, a global provider of Digital Engineering and Enterprise Modernization, entered into a long-term Strategic Partnership Agreement with Google Cloud, aiming for an expanded presence across the United States. This collaboration emphasizes joint go-to-market initiatives and seeks to hasten the digital transformation of enterprises. Through this partnership, both Google Cloud and Persistent are poised to offer top-tier solutions, empowering enterprises to optimize their cloud investment returns while modernizing their infrastructure and data frameworks.
- However, key concerns related to data privacy issues, compliance challenges, and the hefty costs of cloud migration are hindering the market’s growth opportunities. In addition, security risks, notably cyber threats, and the intricacies of navigating multi-cloud environments further complicate widespread adoption across various sectors.
