The North America cloud computing market is expected to grow from US$ 160,902.44 million in 2022 to US$ 587,793.09 million by 2028; it is estimated to grow at a CAGR of 24.1% from 2022 to 2028.
“North America Cloud Computing Market” study by The Business Market Insights provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
Owing to the adverse effects of COVID-19 pandemic, many enterprises across verticals have adopted the work-from-home model to maintain operational efficiency and for employees safety. Therefore, the demand for collaboration-based solutions, such as Software-as-a-Service (SaaS), has increase. The regional lockdowns due to the COVID-19 outbreak forced a large share of population to stay at home, fueling the popularity of video-on-demand (VoD) services, which propelled the need for IaaS. Companies that provide VoD services, such as YouTube, Netflix, Amazon, Hulu, Twitch, Disney+, and Apple TV, are expanding their offerings to meet the customers’ needs. Many organizations are increasing their spending on cloud by more than 50% amid COVID-19 pandemic. Thus, the pandemic is fueling the adoption of cloud computing, supporting the cloud computing market growth in North America.
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Leading North America Cloud Computing Market Players:
- Amazon Web Services
- Microsoft Corporation
- SAP SE
- IBM Corporation
- com, inc.
- Google LLC
- Oracle Corporation
- Alibaba Group Holding Limited
- Adobe
- Workday, Inc.
The North America cloud computing market is segmented on the basis of service model, deployment model, organization size, industry verticals, and country. Based on service model, the market is segmented into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Based on deployment model, the North America cloud computing market is bifurcated into public cloud and private cloud. By organization size, the market is segmented into small & medium-sized enterprises (SMEs) and large enterprises. Based on industry verticals, the North America cloud computing market is segmented into BFSI, IT and Telecom, government and public sector, retail and consumer goods, manufacturing, healthcare and life sciences, and others. Based on country, the market is segmented into the US, Mexico, and Canada.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Payment Gateway market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Payment Gateway market segments and regions.
The report is a combination of qualitative and quantitative analysis of the North America Cloud Computing Market. The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
