Cloud computing market seen topping $1.8T by 2030

The Business Research Company says the global cloud computing market is on track to reach $1,844 billion by 2030, growing at a 16% CAGR. North America and the U.S. are expected to lead the market, while public cloud remains the biggest segment.

Why it matters: - Cloud computing is projected to become a roughly $1.8 trillion market by 2030, making it one of the largest categories inside the broader IT sector. - The forecast points to continued spending on digital infrastructure, AI, analytics, remote work tools and cloud security. - The report estimates the cloud market will account for nearly 13% of total IT market value by 2030.

What happened: - The Business Research Company released its Cloud Computing Market Report 2026, covering market size, trends and a global forecast for 2026-2035. - The report says the global cloud computing market will surpass $1,844 billion in 2030. - The market is projected to grow at a 16% CAGR through 2030. - The report places North America as the largest region in 2030, with a projected market value of $737 billion. - The report identifies the USA as the largest country in the market in 2030, with projected value of $651 billion.

The details: - North America is forecast to grow from $346 billion in 2025 to $737 billion in 2030, at a 16% CAGR. - The USA is forecast to grow from $308 billion in 2025 to $651 billion in 2030, at a 16% CAGR. - Public cloud is expected to be the largest type segment in 2030, at 61% of the market, or $1,118 billion. - Public cloud demand is tied to flexible, consumption-based IT resources, cloud-native development, serverless computing, microservices, digital commerce and scalable storage. - The market is also segmented by service into infrastructure as a service, platform as a service and software as a service. - The market is segmented by vertical into BFSI, energy and utilities, government and public sector, IT and telecom, retail and consumer goods, manufacturing, media and entertainment, healthcare and life sciences, and other sectors. - The report says the biggest growth opportunities through 2030 are in public cloud, private cloud and hybrid cloud. - Those three segments are projected to add more than $982 billion in market value by 2030. - The report says public cloud will grow by $586 billion, private cloud by $197 billion and hybrid cloud by $199 billion from 2025 to 2030. - The 2026 report edition adds market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technologies and future trend analysis, plus updated graphics and tables. - Request a free sample of the report - Access the full cloud computing market report

Between the lines: - The forecast reflects enterprise spending shifting toward flexible infrastructure that can support AI, automation and data-heavy workloads. - The report’s biggest regional and segment leaders suggest cloud demand is still concentrated in mature digital economies and in offerings that let companies scale without heavy upfront hardware investment. - The growth drivers highlight three overlapping themes: digital transformation, cost control and work-from-anywhere operations. - The report estimates digital transformation initiatives will contribute 2.5% annual growth, scalable and cost-efficient IT infrastructure 2.3%, and remote and hybrid work models 2.2%.

What's next: - Cloud adoption is expected to keep expanding as enterprises migrate from on-premise systems to cloud-native platforms and increase use of AI, big data and cybersecurity tools. - The report points to further demand for hybrid and multi-cloud environments, especially across enterprises seeking resilience and workload portability. - The company is promoting continuous and custom research services, including market entry research, competitor tracking, and supplier and distributor packages.

The bottom line: - Cloud computing remains on a steep growth path, with public cloud, North America and the U.S. positioned to capture the biggest share of spending through 2030.