The global cloud computing market was valued at US$ 552.32 billion in 2021 and will grow at a compounded annual growth rate (CAGR) of 15.2% to reach a value of US$ 1,119.55 billion by 2026. The cumulative revenue generation opportunities for cloud computing vendors/service providers are estimated at US$ 4,309.54 billion between 2022 to 2026. The North America region was estimated to garner a share of 26.9% of the total global cloud computing in 2021. The US is the major contributor to the growth of the cloud computing market in this region.
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