The Europe cloud computing market is being driven by the rising adoption of SaaS segment and increasing consumer demand. The market is expected to grow at a CAGR of 9.00% in the forecast period of 2025-2034 to reach a value of approximately USD 115.38 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
9%
2025-2034
*this image is indicative*
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Large companies will see a surge in the usage of on-demand computing services to speed up the delivery of IT services in the European cloud computing sector. According to the European Commission, cloud computing was used by 26% of EU companies in 2018, mainly for e-mail and file storage. Large companies used these facilities even more than small businesses, maintaining market stability and gaining a strategic advantage over rivals. The growing consumer demand for replacing legacy, on-premise infrastructure has also fueled the adoption of cloud computing in large enterprises. The steady adoption of cloud computing platforms to minimise IT infrastructure procurement and maintenance costs, as well as the rapid expansion of global cloud vendors within European countries, are driving the growth of the cloud computing market in Europe.
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Cloud computing refers to the on-demand distribution of computing resources over the internet, such as storage, servers, applications, and networking, to allow quicker innovation and economies of scale. Customers prefer cloud computing over conventional on-premise deployments because it helps them to pay directly for the resources they need and handle their technology more effectively. The widespread acceptance of cloud computing services, especially public cloud, would result in a rise in Europe's cloud computing market share.
Based on service type, the market is divided into:
With regards to organisation type, the market is bifurcated into:
On the basis of deployment model, the market is segmented into:
By application, the market is segregated into:
The regional markets for the product include:
Due to the widespread adoption of SaaS services, the SaaS segment accounted for a significant percentage of the European cloud computing industry in 2018 and is projected to retain its leading market revenue share by 2026. SaaS (Software as a Service) is a software licensing model that involves the distribution of centrally hosted software on a subscription basis. The growing demand for Customer Relationship Management (CRM), Accounting Management (AM), and Enterprise Resource Planning (ERP) tools has fueled the growth of SaaS portals, which enable users to link to applications through the internet. The market for these platforms is expected to increase as the underlying infrastructure is operated by a service provider, and customers will scale up or down depending on their app use. The aforementioned factors are expected to boost the market growth of cloud computing in Europe over the forecast period.
The report gives a detailed analysis of the following key players in the Europe cloud computing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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The market is projected to grow at a CAGR of 9.00% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 115.38 Billion by 2034.
The major drivers of the market include the increasing consumer demand, steady adoption of cloud computing platforms, increasing demand for digital transformation of various industries, and growing awareness across SMEs.
The rising adoption of SaaS segment and rapid expansion of global cloud vendors are the key trends propelling the market's growth.
The major countries in the cloud computing market in Europe are United Kingdom, Germany, France, and Italy.
Software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS) are the primary service types in the market.
The different organisation types in the market are large enterprises and SMEs.
The various deployment models in the market are public model, private cloud, and hybrid cloud.
The major applications in the market are IT and telecom, BFSI, retail, healthcare, government and public sector, manufacturing, and education, among others.
The major players in the Europe cloud computing market are Oracle Corporation, SAP SE, RheoCube, and StorageOS, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service Type |
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| Breakup by Deployment Model |
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| Breakup by Organisation Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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