According to Goldstein Research, “Cloud computing technology is making operation and customer relationship management easier for enterprises. Market players are working on solutions for addressing security concerns and complexities into business. Innovative and strategic solutions provided by U.S. based cloud technology companies are expected to expand the cloud computing business across the globe and eventually drive the growth of North America cloud computing market in the near future.”
North America Cloud Computing Market Outlook 2024
North America cloud computing market is segmented on the basis of types of mode of deployment, by cloud services and by end user. Mode of deployment segment is further classified in to public cloud, private cloud and hybrid cloud. Hybrid technology is expected to be the most commonly used cloud based services however; public cloud segment held the largest share of North America cloud computing market in 2016. Adaptation of the cloud computing is giving an edge for rise of other technologies such as artificial intelligence, machine learning, big data and internet of things in the global market.
Canada is the fastest growing country into cloud computing business and held 23% revenue share of North America cloud computing market in 2016. Canada cloud computing market is anticipated to grow at a remarkable CAGR of 14.0% during the forecast period. Huge adoption of various cloud related services by enterprises and increasing investment in infrastructure-based solutions are expected to support the growth of Canada cloud computing market.
Colocation Data Center: Changing Market for Cloud Computing
Colocation and hybridization services demand are continuously growing in the United States. Over 50% of small and medium enterprises in the U.S. uses data center for their daily operations and over 60%of enterprises are estimated to increase their implementation of cloud hosting data centers and colocation in coming few years. Companies such as Digital Realty Trust, China Telecom, Equinix and CyrusOne are dominating the market and where hefty share of data centers are acquired by wholesale and retail industry.
“North America Cloud Computing Market 2024” contains detailed overview of the North America cloud computing market in terms of market segmentation by mode of deployment, by cloud services and by end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
North America cloud computing market also provides competitive outlook of some of the major players of North America cloud computing market which includes profiling of companies such as Amazon Web Services, 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. and CA Technologies Inc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the North America cloud computing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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