North America Cloud Market to Hit $811.04 Billion by 2031 as AI Workloads Drive 16.34% CAGR
Updated
Updated · Barchart · Jul 2
North America Cloud Market to Hit $811.04 Billion by 2031 as AI Workloads Drive 16.34% CAGR
1 articles · Updated · Barchart · Jul 2
Summary
$811.04 billion is the projected size of North America's cloud computing market by 2031, up from an estimated $380.5 billion in 2026 and $327.06 billion in 2025, according to Mordor Intelligence.
AI workloads are a main growth engine as enterprises use cloud platforms to train models, process large datasets and run automation, pushing providers to expand GPU clusters and infrastructure capacity.
Hybrid and multi-cloud adoption is also lifting demand as companies balance public-cloud scale with private-cloud control for security, compliance and sensitive workloads.
The United States remains the region's largest market, while Canada and Mexico are seeing broader uptake across banking, healthcare, education, manufacturing and government.
Edge zones, renewable-powered data centers, and wider SaaS and PaaS use are expected to extend the market's expansion as businesses modernize legacy IT and shift more operations online.