Reports
Europe Cloud Computing Market: By Service Type; By Deployment Model: Public Model, Private Cloud, Hybrid Cloud; By Organisation Type: Large Enterprises, SMEs; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
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 2023-2028 to reach a value of approximately USD 68.8 billion by 2026.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Country |
| 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 Country | United Kingdom, Germany, France, Italy, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Oracle Corporation, SAP SE, RheoCube, StorageOS, Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Europe
7 Industry Opportunities and Challenges
8 Europe Cloud Computing Market Analysis
8.1 Key Industry Highlights
8.2 Europe Cloud Computing Historical Market (2018-2022)
8.3 Europe Cloud Computing Market Forecast (2023-2028)
8.4 Europe Cloud Computing Market by Service Type
8.4.1 Software-as-a-Service (SaaS)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Infrastructure-as-a-Service (IaaS)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Platform-as-a-Service (PaaS)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Europe Cloud Computing Market by Deployment Model
8.5.1 Public Model
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Private Cloud
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Hybrid Cloud
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Europe Cloud Computing Market by Organisation Type
8.6.1 Large Enterprises
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 SMEs
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Europe Cloud Computing Market by Application
8.7.1 IT and Telecom
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 BFSI
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Retail
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Healthcare
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Government and Public Sector
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Manufacturing
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Education
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2022)
8.7.7.3 Forecast Trend (2023-2028)
8.7.8 Others
8.8 Europe Cloud Computing Market by Countries
8.8.1 Market Share
8.8.1.1 United Kingdom
8.8.1.2 Germany
8.8.1.3 France
8.8.1.4 Italy
8.8.1.5 Others
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Germany
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 France
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Italy
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Oracle Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 SAP SE
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 RheoCube
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 StorageOS
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Europe Cloud Computing Market: Key Industry Highlights, 2018 and 2028
2. Europe Cloud Computing Historical Market: Breakup by Service Type (USD Billion), 2018-2022
3. Europe Cloud Computing Market Forecast: Breakup by Service Type (USD Billion), 2023-2028
4. Europe Cloud Computing Historical Market: Breakup by Deployment Model (USD Billion), 2018-2022
5. Europe Cloud Computing Market Forecast: Breakup by Deployment Model (USD Billion), 2023-2028
6. Europe Cloud Computing Historical Market: Breakup by Organisation Type (USD Billion), 2018-2022
7. Europe Cloud Computing Market Forecast: Breakup by Organisation Type (USD Billion), 2023-2028
8. Europe Cloud Computing Historical Market: Breakup by Application (USD Billion), 2018-2022
9. Europe Cloud Computing Market Forecast: Breakup by Application (USD Billion), 2023-2028
10. Europe Cloud Computing Historical Market: Breakup by Countries (USD Billion), 2018-2022
11. Europe Cloud Computing Market Forecast: Breakup by Countries (USD Billion), 2023-2028
12. Europe Cloud Computing Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 68.8 billion by 2026.
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 industry trends propelling the market's growth.
The major regions in the industry are United Kingdom, Germany, France, and Italy, among others.
Software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS) are the service types in the market.
With regards to organisation type, the market is bifurcated into large enterprises and SMEs.
On the basis of deployment model, the market is segmented into public, private, and hybrid.
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 industry are Oracle Corporation, SAP SE, RheoCube, and StorageOS, among others.
Analyst Review
The Europe cloud computing market is driven by the rising adoption of SaaS segment. Aided by increasing consumer demand and steady adoption of cloud computing platforms, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 9%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS) are the service types in the market. Based on organisation type, the market is bifurcated into large enterprises and SMEs. On the basis of deployment model, the market is segmented into public, private, and hybrid. The major applications in the market are IT and telecom, BFSI, retail, healthcare, government and public sector, manufacturing, and education, among others. The major regional markets for cloud computing market are United Kingdom, Germany, France, and Italy, among others. The major players in the industry are Oracle Corporation, SAP SE, RheoCube, and StorageOS, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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