Europe Cloud Computing Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Europe Cloud Computing Market Size- By Service Type, By Organisation Type, By Application, By Deployment Model- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2023 | Report ID: IACT23145 | Pages: 1 - 156 | Formats*: |
| Category : Information & Communications Technology | |||
Europe Cloud Computing Market Introduction and Overview
According to SPER Market Research, the Europe Cloud Computing Market is estimated to reach USD 126.93 billion by 2033 with a CAGR of 9.2%.
The report includes an in-depth analysis of the Europe Cloud Computing Market, including market size and trends, product mix, distribution channels, and supplier analysis. Cloud computing is the delivery of computing resources over the internet, including storage, servers, applications, and networking, providing faster innovation and economies of scale. Clients favor cloud computing over traditional on-premise setups as it enables them to pay for the resources they require and manage their technology more efficiently. The increasing adoption of cloud computing services, particularly public cloud offerings, is expected to drive growth in Europe's cloud computing market.
- Increasing Customer Demand Increasing the Growth of the Cloud Computing Industry: In the European cloud computing sector, large companies are witnessing a surge in the usage of on-demand computing services to accelerate IT service delivery. According to the European Commission, in 2018, 26% of EU companies utilized cloud computing, with large enterprises leading the adoption. Replacing legacy on-premise infrastructure and reducing IT costs through cloud platforms, along with the expansion of global cloud vendors in European countries, are key factors driving the market's growth.
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Market Opportunities and Challenges
- Opportunities:
- Rising Demand for Cloud Services: As businesses and organisations look for affordable, scalable, and flexible IT solutions, the region is seeing rising demand for cloud computing solutions.
- Initiatives for Digital Transformation: The adoption of cloud computing services to improve operational efficiency, customer engagement, and data analytics is being driven by the continuous digital transformation across industries.
- Challenges:
- Data privacy and security are top concerns for cloud service providers and clients due to severe constraints placed on the management of personal data by data protection rules like GDPR.
- Data Sovereignty: Organisations are required to follow data sovereignty regulations, which may restrict cross-border data flows and complicate cloud deployments.
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Market Competitive Landscape
Prominent key players in the Europe Cloud Computing market are Alibaba Group Holding Limited, Amazon Web Services, Inc. (AWS), CenturyLink (Lumen Technologies), CloudSigma Holding AG, DigitalOcean, LLC, Fujitsu Limited, Google LLC, Hewlett Pac kard Enterprises (HPE), IBM Corporation, Microsoft Corporation, NTT Communications Corporation, Oracle Corporation, OVHcloud, Rackspace, Inc., Salesforce.com, Inc., SAP SE, Tencent Holdings, Ltd., UpCloud, VMware, Inc., Others. To expand their presence in the region, companies are actively engaging in forming new partnerships, making acquisitions, and participating in mergers with related firms.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Service Type, By Organisation Type, By Application, By Deployment Model |
| Regions covered | France, Germany, Italy, Netherlands, Nordics, Spain, Switzerland, United Kingdom, Others |
| Companies Covered | Alibaba Group Holding Limited, Amazon Web Services, Inc. (AWS), CenturyLink (Lumen Technologies), CloudSigma Holding AG, DigitalOcean, LLC, Fujitsu Limited, Google LLC, Hewlett Pac kard Enterprises (HPE), IBM Corporation, Microsoft Corporation, NTT Communications Corporation, Oracle Corporation, OVHcloud, Rackspace, Inc., Salesforce.com, Inc., SAP SE, Tencent Holdings, Ltd., UpCloud, VMware, Inc., Others |
COVID-19 Impact on Europe Cloud Computing Market
The COVID-19 pandemic had a beneficial effect on the Europe cloud computing industry. Stringent lockdown measures necessitated the adoption of remote working models to curb the virus spread, prompting enterprises to heavily rely on cloud services. These services facilitated efficient conferencing and collaboration among employees, ensuring uninterrupted operations. The continued trend of remote working beyond the pandemic may create fresh growth opportunities for market participants.
Key Target Audience
- Businesses and Enterprises
- Educational Institutions
- Government and Public Sector Organizations
- Individual Consumers
- IT Departments and Professionals
- Software Developers and Application Providers
- Startups and Entrepreneurs
- Others
Our in-depth analysis of the Europe Cloud Computing Market includes the following segments:
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| By Organisation Type: |
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| By Application: |
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Key Topics Covered in the Report
- Europe Cloud Computing Market Size (FY’2023-FY’2033)
- Overview of Europe Cloud Computing Market
- Segmentation of Europe Cloud Computing Market By Service Type (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service)
- Segmentation of Europe Cloud Computing Market By Organisation Type (Large Enterprises, SMEs)
- Segmentation of Europe Cloud Computing Market By Application (BFSI, Education, Government and Public Sector, Healthcare, IT and Telecom, Manufacturing, Retail, Others)
- Segmentation of Europe Cloud Computing Market By Deployment Model (Hybrid, Private, Public)
- Statistical Snap of Europe Cloud Computing Market
- Expansion Analysis of Europe Cloud Computing Market
- Problems and Obstacles in Europe Cloud Computing Market
- Competitive Landscape in the Europe Cloud Computing Market
- Impact of COVID-19 and Demonetization on Europe Cloud Computing Market
- Details on Current Investment in Europe Cloud Computing Market
- Competitive Analysis of Europe Cloud Computing Market
- Prominent Players in the Europe Cloud Computing Market
- SWOT Analysis of Europe Cloud Computing Market
- Europe Cloud Computing Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Cloud Computing Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Cloud Computing Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Cloud Computing Market
7. Europe Cloud Computing Market, By Service Type (USD Million)
7.1. Europe Cloud Computing Market Value Share and Forecast, By Service Type, 2023-20337.2. Infrastructure-as-a-Service (IaaS)7.3. Platform-as-a-Service (PaaS)7.4. Software-as-a-Service (SaaS)
8. Europe Cloud Computing Market, By Organisation Type (USD Million)
8.1. Europe Cloud Computing Market Value Share and Forecast, By Organisation Type, 2023-20338.2. Large Enterprises8.3. SMEs
9. Europe Cloud Computing Market, By Application (USD Million)
9.1. Europe Cloud Computing Market Value Share and Forecast, By Application, 2023-20339.2. BFSI9.3. Education9.4. Government and Public Sector9.5. Healthcare9.6. IT and Telecom9.7. Manufacturing9.8. Retail9.9. Others
10. Europe Cloud Computing Market, By Deployment Model (USD Million)
10.1. Europe Cloud Computing Market Value Share and Forecast, By Deployment Model, 2023-203310.2. Hybrid10.3. Private10.4. Public
11. Europe Cloud Computing Market Forecast, 2019-2033 (USD Million)
11.1. Europe Cloud Computing Market Size and Market Share
12. Europe Cloud Computing Market, By Service Type, 2019-2033 (USD Million)
12.1. Europe Cloud Computing Market Size and Market Share By Service Type (2019-2026)12.2. Europe Cloud Computing Market Size and Market Share By Service Type (2027-2033)
13. Europe Cloud Computing Market, By Organisation Type, 2019-2033 (USD Million)
13.1. Europe Cloud Computing Market Size and Market Share By Organisation Type (2019-2026)13.2. Europe Cloud Computing Market Size and Market Share By Organisation Type (2027-2033)
14. Europe Cloud Computing Market, By Application, 2019-2033 (USD Million)
14.1. Europe Cloud Computing Market Size and Market Share By Application (2019-2026)14.2. Europe Cloud Computing Market Size and Market Share By Application (2027-2033)
15. Europe Cloud Computing Market, By Deployment Model, 2019-2033 (USD Million)
15.1. Europe Cloud Computing Market Size and Market Share By Deployment Model (2019-2026)15.2. Europe Cloud Computing Market Size and Market Share By Deployment Model (2027-2033)
16. Europe Cloud Computing Market, By Region, 2019-2033 (USD Million)
16.1. Europe Cloud Computing Market Size and Market Share By Region (2019-2026)
16.2. Europe Cloud Computing Market Size and Market Share By Region (2027-2033)16.3. France16.4. Germany16.5. Italy16.6. Netherlands16.7. Nordics16.8. Spain16.9. Switzerland16.10. United Kingdom16.11. Others
17. Company Profile
17.1. Alibaba Group Holding Limited
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. Amazon Web Services, Inc. (AWS)
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. CenturyLink (Lumen Technologies)
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. CloudSigma Holding AG
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. DigitalOcean, LLC
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Fujitsu Limited
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Google LLC
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Hewlett Pac kard Enterprises (HPE)
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. IBM Corporation
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. Microsoft Corporation
17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
17.11. NTT Communications Corporation
17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments
17.12. Oracle Corporation
17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments
17.13. OVHcloud
17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments
17.14. Rackspace, Inc.
17.14.1. Company details17.14.2. Financial outlook17.14.3. Product summary17.14.4. Recent developments
17.15. Salesforce.com, Inc.
17.15.1. Company details17.15.2. Financial outlook17.15.3. Product summary17.15.4. Recent developments
17.16. SAP SE
17.16.1. Company details17.16.2. Financial outlook17.16.3. Product summary17.16.4. Recent developments
17.17. Tencent Holdings, Ltd.
17.17.1. Company details17.17.2. Financial outlook17.17.3. Product summary17.17.4. Recent developments
17.18. UpCloud
17.18.1. Company details17.18.2. Financial outlook17.18.3. Product summary17.18.4. Recent developments
17.19. VMware, Inc.
17.19.1. Company details17.19.2. Financial outlook17.19.3. Product summary17.19.4. Recent developments
17.20. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Cloud Computing Market is projected to reach USD 126.93 billion by 2033, growing at a CAGR of 9.2% during the forecast period.
Europe Cloud Computing Market grew in market size from 2022. The Market is expected to reach USD 126.93 billion by 2033, at a CAGR of 9.2% during the forecast period.
Europe Cloud Computing Market CAGR of 9.2% during the forecast period.
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Europe Cloud Computing Market size is USD 126.93 billion from 2023 to 2033.
Europe Cloud Computing Market Segment is covered By Service Type, By Organisation Type, By Application, By Deployment Model.
The Europe is anticipated to have the highest market share in the Europe Cloud Computing Market.
The key players in the market include Companies Covered Alibaba Group Holding Limited, Amazon Web Services, Inc. (AWS), CenturyLink (Lumen Technologies), CloudSigma Holding AG, DigitalOcean, LLC, Fujitsu Limited, Google LLC, Hewlett Pac kard Enterprises (HPE), IBM Corporation, Microsoft Corporation.
Cloud computing is the delivery of computing resources over the internet, including storage, servers, applications, and networking, providing faster innovation and economies of scale.
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