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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Europe Cloud Computing Market Outlook

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% in the forecast period of 2024-2032 to reach a value of approximately USD 115.38 billion by 2032.     

Europe Cloud Computing Market

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Rising Consumer Demand Boosting the Cloud Computing Industry Growth

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.

Cloud Computing:  Industry Definition and Segmentation

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.

Europe Cloud Computing Market

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Based on service type,  the market is divided into:

  • Software-as-a-Service (SaaS)
  • Infrastructure-as-a-Service (IaaS)
  • Platform-as-a-Service (PaaS)

With regards to organisation type, the market is bifurcated into:

  • Large Enterprises
  • SMEs

On the basis of deployment model, the market is segmented into:

  • Public
  • Private
  • Hybrid

By application, the market is segregated into:

  • IT and Telecom
  • BFSI
  • Retail
  • Healthcare
  • Government and Public Sector
  • Manufacturing
  • Education
  • Others

The regional markets for the product include the United Kingdom, Germany, France, and Italy, among others.

Europe Cloud Computing Market

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Rising Adoption of SaaS Segment Fostering the Growth of Europe Cloud Computing Industry

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.

Key Industry Players in the Europe Cloud Computing Market

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:

  • Oracle Corporation
  • SAP SE
  • RheoCube
  • StorageOS
  • Others

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Service Type
  • Deployment Model
  • Organisation Type
  • Application
  • Region
Breakup by Service Type
  • Software-as-a-Service (SaaS)
  • Infrastructure-as-a-Service (IaaS)
  • Platform-as-a-Service (PaaS)
Breakup by Deployment Model
  • Public Model
  • Private Cloud
  • Hybrid Cloud
Breakup by Organisation Type
  • Large Enterprises
  • SMEs
Breakup by Application
  • IT and Telecom
  • BFSI
  • Retail
  • Healthcare
  • Government and Public Sector
  • Manufacturing
  • Education
  • Others
Breakup by Region
  • United Kingdom
  • Germany
  • France
  • Italy
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Oracle Corporation
  • SAP SE
  • RheoCube
  • StorageOS
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 115.38 billion by 2032.     

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.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124