US Cloud Computing Market

US Cloud computing Market is predicted to grow at faster CAGR during the forecast period due to the incorporation of big data, artificial intelligence, and machine learning with the cloud.

Introduction of the US Cloud Computing Market

Cloud computing is a technology which stores and manage data on remote servers using internet. The cloud enables user to access the same files and applications from almost any device as computing takes place on servers in a data center, instead of locally on the user device. Whether there is a natural disaster, power failure or other crisis, the data will be stored in the cloud backed up and protected.

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Market Dynamic

Key Drivers and Emerging Trends 

The incorporation of big data, artificial intelligence, and machine learning with the cloud is expected to drive the market’s growth. These technologies help the enterprises to use remote servers on the internet to store, manage and process critical data. Adopting these emerging technologies with cloud solutions will enhance the decision-making process, reduce business operational costs. These can be some of the major factors expected to drive the US Cloud Computing market size. Moreover, cloud services provide high business performance due to various benefits such as low-cost ownership, security, storage management, utility-based sharing models, and high-level computing due to which organizations are using cloud services for new initiatives by replacing existing systems and spending on traditional IT solutions is being reallocated to the cloud, further supporting the growth of the US Cloud Computing market.

Additionally, Omni-cloud solutions are being adopted to leverage numerous advantages such as ease of data use, secured data availability, and scalability in real-time. The data positioning system is more accurate in the Omni-cloud computing system. For instance, Sprint corporation partnered with Ooma Inc. to launch its cloud-based phone service- “Omni.” The aim is to deliver enterprise-quality landline phone technology to small, medium, and large businesses

Restraint in the US Cloud Computing Market

However, users dispose of the cloud platform to save their confidential data and information concerning business and personal activities. However, privacy and security are significant concerns about data loss, unforeseen emergencies, and online cyber-attacks, which may hamper the US Cloud Computing market.

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Service- Segment Analysis

Based on Service, the SaaS segment will have the largest market size over the forecast period. The demand for SaaS is attributed to its flexible cost and its easy maintenance and deployment. A SaaS user can make upgrades with less customer risk and easier to manage privileges; monitor data use, everyone can see the same information simultaneously. For example, industries such as banking, business services, manufacturing, retail, and government use SaaS for accounting and billing. For instance, Salesforce.com is a service application which enables customer relations management solution to collect all information, prospects and leads within single online platform.

Enterprise Size- Segment Analysis

Based on Enterprise Size, the large enterprise segment is projected to grow at a highest growth rate during the forecast period. Enterprise uses the cloud for building applications and rehosting infrastructure; however, it has now been utilized to modernize core business applications and processes. The demand is assigned to lower operating costs, better collaboration, increased flexibility, and improved market time. For instance, Cisco Systems, Inc. estimated that a software company having more than 94% of workloads would be processed by the cloud data centre in 2021.

End Use- Segment Analysis

Based on end-use, the BFSI segment is expected to witness the highest growth in US Cloud Computing market during the forecast period. BFSI sector focuses more on the customer-centric business model, digitization of trade & wealth with the help of interoperability, secure storage, and 24X7 uptime. Furthermore, BFSI facilitates the overall shift to cloud deployment services such as payment gateways, online fund transfer, digital wallets, and a unified customer experience. The implementation of cloud computing enables BFSI to improve data security, increased efficiency, business continuity, agility, and transformation.

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Key Developments:

• In 2021, Vodafone Idea partners with Google Cloud to offer SMB plans. Vi Business Plus customers can mix and match plans to access various features such as real-time collaboration and communication, editing, preventing data loss, data security, and seamless sharing of files digitally sign and encrypt Gmail messages.
• In 2021, Salesforce launched the Health Cloud 2.0. It uses various modules such as Dreampass and Contact Tracing, which facilitates the delivery enhances safety to the employees and customers of the company.

Segments covered in the Report:

The US Cloud Computing Protection Market has been segmented based on Service, Enterprise Size, End Use. Based on Service, the market is segmented into SaaS and IaaS. Based on Enterprise Size, market is segmented into Large, Middle and Small Enterprises. Based on End Use, market is segmented into BFSI, Manufacturing, Media & Entertainment, Healthcare and Others. 

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Key questions answered in this research report:

• • At what pace is US Cloud Computing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in US Cloud Computing Market? What will be the impact of drivers and restraints in the future?
  • What are the various Components of US Cloud Computing Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Service, By Enterprise Size, By End Use
Companies Profiled	Profiles of Top 10 Major Companies Operating in “US Cloud Computing Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

US Cloud Computing Market by Service

• • SaaS
  • IaaS
  • PaaS

US Cloud Computing Market by Enterprise Size

• • Large Enterprise
  • Medium Enterprise
  • Small Enterprise

US Cloud Computing Market by End Use

• • BFSI
  • Manufacturing
  • Media & Entertainment
  • Healthcare
  • IT & Telecom
  • Retail & Consumer goods
  • Energy & Utilities
  • Others