The North America Cloud Sustainability Market would witness market growth of 18.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cloud Sustainability Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $24,313.8 million by 2031. The Canada market is experiencing a CAGR of 20.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 20.1% during (2024 - 2031).
These solutions are applied across various domains to enhance the environmental performance of cloud services. The design and administration of contemporary data centers substantially impact sustainability, and they are essential components of cloud services. These solutions focus on building data centers with energy-efficient architectures, such as modular and prefabricated designs that optimize space and energy use. These solutions also implement advanced cooling technologies, like liquid cooling systems, to reduce the reliance on traditional air conditioning and improve overall energy efficiency.
In addition, effective resource management is crucial for sustainability. These solutions utilize dynamic resource allocation and load balancing to optimize computing resources. By adjusting resources in real-time based on demand, these solutions reduce energy waste and ensure that cloud infrastructure operates at peak efficiency, minimizing the environmental impact. Virtualization technologies enable multiple virtual machines to run on a single physical server, maximizing resource utilization and reducing the need for additional hardware. These solutions leverage advanced virtualization techniques to minimize energy consumption and hardware requirements, contributing to a smaller carbon footprint.
The growth of the telecommunications industry is facilitating the development of smart grid technologies and Internet of Things (IoT) integration. These advancements drive the need for sustainable cloud solutions that efficiently manage and process large volumes of data from smart devices. The expansion of the telecommunications sector encourages increased collaboration between cloud service providers and telecommunications corporations. These partnerships often focus on integrating sustainable practices and technologies, resulting in the development of more eco-friendly cloud solutions. The surge in e-commerce transactions leads to increased energy consumption for data processing and storage. Mexican e-commerce companies invest in energy-efficient cloud solutions to manage high transaction volumes while minimizing energy usage and operational costs. The e-commerce sector’s growth drives the need for sustainable logistics and supply chain solutions, often supported by cloud-based platforms. E-commerce companies in Mexico are adopting cloud sustainability practices to optimize their supply chains and reduce their environmental impact. Therefore, the rising telecommunication industry and expansion of the region’s e-commerce sector are driving the market’s growth.
Free Valuable Insights: The Cloud Sustainability Market is Predict to reach USD 96.1 Billion by 2031, at a CAGR of 18.9%
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Solution, the market is segmented into Energy-efficient Infrastructure, Sustainable Cloud Platforms, Green Software Solutions, and Carbon Management Solutions. Based on Service Model, the market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Other Service Model. Based on End Use, the market is segmented into IT & Telecom, Banking, Financial Services, & Insurance (BFSI), Manufacturing, Retail and E-commerce, Healthcare, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Enterprise Size
By Solution
By Service Model
By End Use
By Country
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