Canada Public Cloud Market , By Service Model

Growth Outlook

• The Canada Public Cloud Market , By Service Model market is on a steady long-term growth path. Segment value stands at roughly USD 24 Mn in 2026 and is projected to reach USD 35 Mn by 2030 — a gain of about 46% over the forecast period, translating to a CAGR in the high single digits.
• What the regional split looks like (2026): SaaS leads, holding roughly 54% of segment value — the single largest regional share. IaaS is the second-largest contributor. PaaS make up the remainder, in descending order.
• By 2030, SaaS alone is expected to reach USD 18 Mn, with IaaS at USD 10 Mn.

Market Dynamics

Canada Public Cloud Market is seeing a significant demand in present times, driven by factors such as increased adoption of digital technologies by businesses, rising internet penetration, and the need for cost-effective and efficient data storage solutions. A public cloud refers to a type of computing model in which the resources, applications, and services are delivered and managed by a third-party provider over the internet. It offers scalability, flexibility, and affordability to businesses of all sizes, making it a popular choice in the market.

One of the key factors driving the demand for public cloud services in Canada is the increasing adoption of digital technologies by businesses. The growing trend of digitization has led to a massive amount of data being generated, and businesses are increasingly turning to public cloud solutions to meet their storage needs. With the advancement of technologies like artificial intelligence, machine learning, and big data analytics, the demand for public cloud services is only expected to grow in the future.

Furthermore, the rising internet penetration in Canada is also a key contributor to the demand for public cloud services. With over 91% of the Canadian population having access to the internet, the country has a strong digital infrastructure, which has made it easier for businesses to adopt cloud-based solutions. The high-speed internet and increased connectivity make it possible for businesses to store and access their data from anywhere, at any time, leading to increased demand for public cloud services.

Another factor driving the demand for public cloud services in Canada is the need for cost-effective and efficient data storage solutions. Traditional methods of data storage, such as on-site servers, can be expensive and require regular maintenance and upgrades. Public cloud services, on the other hand, offer a more affordable and scalable solution, allowing businesses to store and manage large amounts of data without incurring significant costs. This cost-effectiveness makes it an attractive option for businesses, particularly for small and medium-sized enterprises.

In conclusion, the demand for public cloud services in Canada is on the rise, driven by factors such as increased adoption of digital technologies, high internet penetration, and the need for cost-effective data storage solutions. As businesses continue to embrace digitization and advancements in technology, the demand for public cloud services is expected to further grow in the future, making it a lucrative market for service providers.