United States Cloud Market 2031 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The Global Cloud Market is estimated to have reached around USD 373 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 202 billion by 2031. The market is growing at a CAGR of 23.9% during the forecast period 2024-2031.

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Key Development:

United States: Recent Cloud Computing Developments

✅ In January 2026, Google Cloud secured a nearly $10 billion multi‐year partnership with Palo Alto Networks to make Google Cloud the AI cloud of choice for Palo Alto's cybersecurity stack strengthening cloud security and AI‐enabled infrastructure collaboration.

✅ In December 2025, the U.S. Department of Defense chose Google Cloud to power its "GenAI.mil" platform, transitioning military generative AI and secure cloud workloads to Google's infrastructure and accelerating cloud adoption in defense operations.

✅ In October 2025, Oracle unveiled OCI Zettascale10, the largest AI supercomputer in the cloud, connecting up to 800,000 NVIDIA GPUs across multiple data centers and enabling unprecedented AI and cloud infrastructure scale for enterprise workloads.

✅ In October 2025, OpenAI's Stargate AI data center expansion continued with major hyperscaler collaboration in the U.S., reflecting increasing investment in cloud infrastructure supporting large‐scale generative AI compute.

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Japan: Recent Cloud Computing Developments

✅ In December 2025, Japanese providers have been actively expanding GPU‐enabled cloud offerings-including infrastructure enhancements to support domestic generative AI workloads and sovereign data requirements.

✅ In October 2025, SoftBank Corp. partnered with Oracle to launch Cloud PF Type A, a sovereign AI cloud platform powered by Oracle Alloy, designed to deliver secure, locally managed cloud and AI services to Japanese enterprises with data sovereignty.

✅ In October 2025, SoftBank confirmed Cloud PF Type A's phased rollout, with the eastern Japan launch scheduled for April 2026 and western Japan rollout in October 2026, signaling significant cloud infrastructure investment ahead.

✅ In October 2025, Google Cloud was selected for Japan's Government Cloud Initiative, accelerating migration of municipal systems to a standardized cloud environment and boosting public‐sector cloud adoption.

Key Players:

=> Microsoft, oracle, IBM Corporation, Cisco Systems Inc., Google, SAP SE, Salesforce.com, Inc., Quickbase, Inc., ThoughtSpot, Inc and QlikTech International AB.

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Key Segments:

By Type

SaaS (Software as a Service) - ~35% share

Leading segment driven by adoption of enterprise software, collaboration tools, and cloud-based business applications.

IaaS (Infrastructure as a Service) - ~25% share

Growing demand due to scalable computing, storage, and networking requirements for enterprises and SMEs.

Business Process as a Service (BPaaS) - ~10% share

Increasing adoption for payroll, HR, accounting, and other outsourced business processes.

Cloud Management and Security Services - ~10% share

Critical growth area fueled by cybersecurity concerns, compliance needs, and multi-cloud environments.

Desktop as a Service (DaaS) - ~8% share

Adoption rising in remote work, education, and small to mid-sized organizations.

PaaS (Platform as a Service) - ~12% share

Driving developer adoption for application building, testing, and deployment.

By Organization Size

Large Enterprises - ~60% share

High demand for integrated cloud solutions across IT, operations, and business processes.

Small and Medium-Sized Enterprises (SME) - ~40% share

Growing adoption due to cost-effective SaaS and DaaS solutions, supporting digital transformation.

By End-User

Banking & Financial Sector - ~20% share

Leading end-user due to cloud adoption for fintech, core banking systems, and regulatory compliance.

Telecommunications & IT - ~15% share

Cloud adoption for network management, IT services, and business continuity solutions.

Public Sector & Government - ~10% share

Cloud adoption driven by digital governance initiatives, citizen services, and e-governance platforms.

Consumer Goods & Retail - ~12% share

Cloud adoption to enhance supply chain management, e-commerce platforms, and customer experience.

Healthcare & Life Sciences - ~12% share

Growing due to telemedicine, EHRs, and regulatory-compliant cloud systems.

Logistics & Transportation - ~8% share

Cloud adoption for fleet management, route optimization, and inventory tracking.

Education & Research - ~8% share

Cloud adoption for virtual learning, research computing, and collaborative platforms.

Others - ~15% share

Including energy, manufacturing, and professional services sectors.

By Revenue Source

Subscriptions & Licenses - ~55% share

Core revenue driver for SaaS and PaaS offerings.

Consulting / Professional Services - ~25% share

Provides implementation, integration, and customization services for enterprise cloud adoption.

Managed Services - ~20% share

Growing demand for end-to-end cloud management, monitoring, and security services.

By Distribution Channel

Direct Sales - ~65% share

Preferred by large enterprises for strategic cloud contracts and tailored solutions.

Distributors - ~35% share

Key channel for SMEs and mid-market adoption.

By Region

Americas - ~35% share

Largest market driven by North America; strong adoption across BFSI, IT, and healthcare sectors.

Europe - ~25% share

Growing demand for cloud services in UK, Germany, France, and rest of Western Europe.

Asia-Pacific - ~30% share

Fastest-growing region with adoption across China, India, Japan, Australia, and Southeast Asia.

Middle East & Africa - ~10% share

Emerging adoption in public sector, oil & gas, and financial services.

FAQ

What is the current size of the Cloud Market?

A: In 2022, the Cloud Market was valued at USD 373 billion , reflecting its strong industry presence.

Q2: How large is the Cloud Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Cloud Market will grow to around USD 202 billion , demonstrating significant expansion.

Q3: What is the growth rate of the Cloud Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 23.9% during the forecast period from 2024 to 2031.

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