Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), By Infrastructure as a Service (Primary Storage, Disaster Recovery and Backup, Archiving, Computer), By Platform as a Service (Application Development and Platforms, Application Testing and Quality, Analytics and Reporting, Integration and Orchestration, Data Management), By Software as a Service (Customer Relationship Management, Enterprise Resource Management, Human Capital Management, Content Management, Collaboration and Productivity Suites, Supply Chain Management, Others), By Organization Size (Large Enterprises, SMEs), By Deployment Model (Public Cloud, Private Cloud), By Verticals (BFSI, Telecommunication, IT & ITeS, Government & Public Sector, Retail & Consumer Goods, Manufacturing, Energy & Utility, Media & Entertainment) And Competitive Landscape
Product Code: ETC4610175 | Publication Date: Jul 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Cloud Computing Market |
Forecast period | 2024-2030 |
CAGR | 11.1% |
Growing Sector | Artificial intelligence, machine learning, Internet of Things |
Europe Cloud Computing Market report thoroughly covers the market by Countries, By Service Model, By Infrastructure as a Service, By Platform as a Service, By Software as a Service, By Organization Size, By Deployment Model, By Verticals. The Market outlook report provides an unbiased and detailed analysis of the ongoing market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Cloud Computing growth is rising rapidly with adoption of advanced technologies and increasing investments in cloud-based services. The adoption of technologies such as artificial intelligence, machine learning, and the Internet of Things is boosting the demand for more efficient and scalable cloud solutions. Additionally, businesses and governments are recognizing the importance of digital transformation, thereby boosting the need for cloud infrastructure.
According to 6Wresearch, the Europe Cloud Computing Market size is expected to reach a CAGR of 11.1% during the forecast period of 2024-2030. This growth is supported by the strong presence of key cloud service providers, increasing reliance on remote work solutions, and a growing emphasis on data security and compliance within the region. As more organizations across various sectors embrace cloud computing, the market is poised for substantial expansion.
One of the major drivers for the growth of cloud computing in Europe is the increasing demand for IT infrastructure and services. With the rise in digital transformation, businesses are looking to adopt cloud-based solutions that can help them reduce costs, improve efficiency, and enhance their competitive advantage. Despite its rapid growth, the Europe Cloud Computing Market also faces certain challenges. Data privacy concerns, data location restrictions, and security issues are some of the primary obstacles hindering the adoption of cloud services in Europe. However, with advancements in security measures and compliance standards such as General Data Protection Regulation (GDPR), businesses are becoming more confident in utilizing cloud solutions for their operations.
Governments across Europe are implementing policies to boost the cloud computing market. The European Union's Digital Single Market strategy aims to create a seamless online environment, enhancing cloud adoption with improved data portability and cross-border data flows for efficient business operations. Member states have launched national programs to support cloud technology in public and private sectors.
For example, the UK's Cloud First policy encourages government departments to prioritize cloud solutions for IT services, promoting efficiency and savings. Similarly, Germany's "GAIA-X" project aims to develop a federated cloud infrastructure supporting data sovereignty and interoperability. The European Commission also supports cloud computing research and innovation through funding programs like Horizon Europe, which advances digital technologies, including cloud services.
The Europe Cloud Computing Market is characterized by the presence of several key players that are driving innovation and service delivery. Amazon Web Services (AWS) remains a dominant force, offering a wide range of cloud solutions tailored to diverse business needs. Microsoft Corporation stands out with its Azure platform, which integrates seamlessly with many enterprise applications, thus appealing to businesses across various sectors.
Google LLC enhances its competitive edge with services such as Google Cloud Platform, focusing on data analytics and machine learning capabilities. Additionally, IBM Corporation emphasizes enterprise-level cloud solutions, with an ongoing commitment to hybrid cloud strategies. Oracle Corporation provides cloud applications designed to optimize business operations, while Salesforce.com Inc. focuses primarily on customer relationship management (CRM) solutions within the cloud. These companies are not only investing in research and development but are also expanding their cloud portfolios to get Europe Cloud Computing Market share.
The future of the Europe Cloud computing market looks promising due to key trends and new technologies. Generation now relies more on working from home using digital tools which has increased cloud use by businesses of all sizes. Companies want flexible and scalable IT systems, so the demand for services like Infrastructure as a Service (IaaS) and Software as a Service (SaaS) is expected to grow.
New developments in artificial intelligence, machine learning, and edge computing will make cloud services even better, offering companies powerful tools to analyze data and improve operations in real time. Sustainability is also becoming more important. Many organizations want eco-friendly cloud solutions to reduce their carbon footprint. This has led cloud service providers to invest in green technologies and energy-efficient practices, making sustainability a key part of their business plans.
According to Ravi Bhandari, Research Head, 6Wresearch Germany is currently leading the Europe Cloud Computing Market, driven by its robust economy, advanced technological infrastructure, and proactive governmental policies. The nation's emphasis on data sovereignty and security, exemplified by initiatives like the GAIA-X project, positions it as a key player in establishing a data-friendly environment tailored to organizational needs.
Software as a Service (SaaS) model is leading the Europe Cloud Computing Market as it is widely preferred by large businesses due to its user-friendly interface, accessibility, and scalability. The SaaS model allows companies to leverage software applications over the internet without the burden of managing infrastructure, thus appealing to organizations looking to enhance productivity and collaboration.
Large enterprises making substantial investments to harness advanced capabilities and groundbreaking innovations. These investments are crucial for staying competitive in a rapidly evolving market, allowing companies to adopt cutting-edge technologies and drive future growth.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Cloud Computing Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Cloud Computing Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Cloud Computing Market - Industry Life Cycle |
3.4 Europe Cloud Computing Market - Porter's Five Forces |
3.5 Europe Cloud Computing Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Cloud Computing Market Revenues & Volume Share, By Service Model, 2020 & 2030F |
3.7 Europe Cloud Computing Market Revenues & Volume Share, By Infrastructure as a Service, 2020 & 2030F |
3.8 Europe Cloud Computing Market Revenues & Volume Share, By Platform as a Service, 2020 & 2030F |
3.9 Europe Cloud Computing Market Revenues & Volume Share, By Software as a Service, 2020 & 2030F |
3.10 Europe Cloud Computing Market Revenues & Volume Share, By Organization Size, 2020 & 2030F |
3.11 Europe Cloud Computing Market Revenues & Volume Share, By Deployment Model, 2020 & 2030F |
3.12 Europe Cloud Computing Market Revenues & Volume Share, By Verticals, 2020 & 2030F |
4 Europe Cloud Computing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Cloud Computing Market Trends |
6 Europe Cloud Computing Market, 2020 - 2030 |
6.1 Europe Cloud Computing Market, Revenues & Volume, By Service Model, 2020 - 2030 |
6.2 Europe Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2020 - 2030 |
6.3 Europe Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2020 - 2030 |
6.4 Europe Cloud Computing Market, Revenues & Volume, By Software as a Service, 2020 - 2030 |
6.5 Europe Cloud Computing Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
6.6 Europe Cloud Computing Market, Revenues & Volume, By Deployment Model, 2020 - 2030 |
6.7 Europe Cloud Computing Market, Revenues & Volume, By Verticals, 2020 - 2030 |
7 Germany Cloud Computing Market, 2020 - 2030 |
7.1 Germany Cloud Computing Market, Revenues & Volume, By Service Model, 2020 - 2030 |
7.2 Germany Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2020 - 2030 |
7.3 Germany Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2020 - 2030 |
7.4 Germany Cloud Computing Market, Revenues & Volume, By Software as a Service, 2020 - 2030 |
7.5 Germany Cloud Computing Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
7.6 Germany Cloud Computing Market, Revenues & Volume, By Deployment Model, 2020 - 2030 |
7.7 Germany Cloud Computing Market, Revenues & Volume, By Verticals, 2020 - 2030 |
8 United Kingdom Cloud Computing Market, 2020 - 2030 |
8.1 United Kingdom Cloud Computing Market, Revenues & Volume, By Service Model, 2020 - 2030 |
8.2 United Kingdom Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2020 - 2030 |
8.3 United Kingdom Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2020 - 2030 |
8.4 United Kingdom Cloud Computing Market, Revenues & Volume, By Software as a Service, 2020 - 2030 |
8.5 United Kingdom Cloud Computing Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
8.6 United Kingdom Cloud Computing Market, Revenues & Volume, By Deployment Model, 2020 - 2030 |
8.7 United Kingdom Cloud Computing Market, Revenues & Volume, By Verticals, 2020 - 2030 |
9 France Cloud Computing Market, 2020 - 2030 |
9.1 France Cloud Computing Market, Revenues & Volume, By Service Model, 2020 - 2030 |
9.2 France Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2020 - 2030 |
9.3 France Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2020 - 2030 |
9.4 France Cloud Computing Market, Revenues & Volume, By Software as a Service, 2020 - 2030 |
9.5 France Cloud Computing Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
9.6 France Cloud Computing Market, Revenues & Volume, By Deployment Model, 2020 - 2030 |
9.7 France Cloud Computing Market, Revenues & Volume, By Verticals, 2020 - 2030 |
10 Italy Cloud Computing Market, 2020 - 2030 |
10.1 Italy Cloud Computing Market, Revenues & Volume, By Service Model, 2020 - 2030 |
10.2 Italy Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2020 - 2030 |
10.3 Italy Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2020 - 2030 |
10.4 Italy Cloud Computing Market, Revenues & Volume, By Software as a Service, 2020 - 2030 |
10.5 Italy Cloud Computing Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
10.6 Italy Cloud Computing Market, Revenues & Volume, By Deployment Model, 2020 - 2030 |
10.7 Italy Cloud Computing Market, Revenues & Volume, By Verticals, 2020 - 2030 |
11 Russia Cloud Computing Market, 2020 - 2030 |
11.1 Russia Cloud Computing Market, Revenues & Volume, By Service Model, 2020 - 2030 |
11.2 Russia Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2020 - 2030 |
11.3 Russia Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2020 - 2030 |
11.4 Russia Cloud Computing Market, Revenues & Volume, By Software as a Service, 2020 - 2030 |
11.5 Russia Cloud Computing Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
11.6 Russia Cloud Computing Market, Revenues & Volume, By Deployment Model, 2020 - 2030 |
11.7 Russia Cloud Computing Market, Revenues & Volume, By Verticals, 2020 - 2030 |
12 Spain Cloud Computing Market, 2020 - 2030 |
12.1 Spain Cloud Computing Market, Revenues & Volume, By Service Model, 2020 - 2030 |
12.2 Spain Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2020 - 2030 |
12.3 Spain Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2020 - 2030 |
12.4 Spain Cloud Computing Market, Revenues & Volume, By Software as a Service, 2020 - 2030 |
12.5 Spain Cloud Computing Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
12.6 Spain Cloud Computing Market, Revenues & Volume, By Deployment Model, 2020 - 2030 |
12.7 Spain Cloud Computing Market, Revenues & Volume, By Verticals, 2020 - 2030 |
13 Rest of Europe Cloud Computing Market, 2020 - 2030 |
13.1 Rest of Europe Cloud Computing Market, Revenues & Volume, By Service Model, 2020 - 2030 |
13.2 Rest of Europe Cloud Computing Market, Revenues & Volume, By Infrastructure as a Service, 2020 - 2030 |
13.3 Rest of Europe Cloud Computing Market, Revenues & Volume, By Platform as a Service, 2020 - 2030 |
13.4 Rest of Europe Cloud Computing Market, Revenues & Volume, By Software as a Service, 2020 - 2030 |
13.5 Rest of Europe Cloud Computing Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
13.6 Rest of Europe Cloud Computing Market, Revenues & Volume, By Deployment Model, 2020 - 2030 |
13.7 Rest of Europe Cloud Computing Market, Revenues & Volume, By Verticals, 2020 - 2030 |
14 Europe Cloud Computing Market Key Performance Indicators |
15 Europe Cloud Computing Market - Opportunity Assessment |
15.1 Europe Cloud Computing Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Cloud Computing Market Opportunity Assessment, By Service Model, 2020 & 2030F |
15.3 Europe Cloud Computing Market Opportunity Assessment, By Infrastructure as a Service, 2020 & 2030F |
15.4 Europe Cloud Computing Market Opportunity Assessment, By Platform as a Service, 2020 & 2030F |
15.5 Europe Cloud Computing Market Opportunity Assessment, By Software as a Service, 2020 & 2030F |
15.6 Europe Cloud Computing Market Opportunity Assessment, By Organization Size, 2020 & 2030F |
15.7 Europe Cloud Computing Market Opportunity Assessment, By Deployment Model, 2020 & 2030F |
15.8 Europe Cloud Computing Market Opportunity Assessment, By Verticals, 2020 & 2030F |
16 Europe Cloud Computing Market - Competitive Landscape |
16.1 Europe Cloud Computing Market Revenue Share, By Companies, 2023 |
16.2 Europe Cloud Computing Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |