Europe Cloud Computing Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook: SPER Market Research

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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.

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:

By Service Type:	Infrastructure-as-a-Service (IaaS) Platform-as-a-Service (PaaS) Software-as-a-Service (SaaS)
By Organisation Type:	Large Enterprises SMEs
By Application:	BFSI Education Government and Public Sector Healthcare IT and Telecom Manufacturing Retail Others
By Deployment Model:	Hybrid Private Public

Key Topics Covered in the Report

Europe Cloud Computing Market Size (FYâ€™2023-FYâ€™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 (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Europe Cloud Computing Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Europe Cloud Computing Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. 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, 2023-2033
8.2. Large Enterprises
8.3. SMEs

9. Europe Cloud Computing Market, By Application (USD Million)

9.1. Europe Cloud Computing Market Value Share and Forecast, By Application, 2023-2033
9.2. BFSI
9.3. Education
9.4. Government and Public Sector
9.5. Healthcare
9.6. IT and Telecom
9.7. Manufacturing
9.8. Retail
9.9. Others

10. Europe Cloud Computing Market, By Deployment Model (USD Million)

10.1. Europe Cloud Computing Market Value Share and Forecast, By Deployment Model, 2023-2033
10.2. Hybrid
10.3. Private
10.4. 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. France
16.4. Germany
16.5. Italy
16.6. Netherlands
16.7. Nordics
16.8. Spain
16.9. Switzerland
16.10. United Kingdom
16.11. Others

17. Company Profile

17.1. Alibaba Group Holding Limited

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. Amazon Web Services, Inc. (AWS)

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments

17.3. CenturyLink (Lumen Technologies)

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. CloudSigma Holding AG

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. DigitalOcean, LLC

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Fujitsu Limited

17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments

17.7. Google LLC

17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments

17.8. Hewlett Pac kard Enterprises (HPE)

17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments

17.9. IBM Corporation

17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments

17.10. Microsoft Corporation

17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments

17.11. NTT Communications Corporation

17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments

17.12. Oracle Corporation

17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments

17.13. OVHcloud

17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments

17.14. Rackspace, Inc.

17.14.1. Company details
17.14.2. Financial outlook
17.14.3. Product summary
17.14.4. Recent developments

17.15. Salesforce.com, Inc.

17.15.1. Company details
17.15.2. Financial outlook
17.15.3. Product summary
17.15.4. Recent developments

17.16. SAP SE

17.16.1. Company details
17.16.2. Financial outlook
17.16.3. Product summary
17.16.4. Recent developments

17.17. Tencent Holdings, Ltd.

17.17.1. Company details
17.17.2. Financial outlook
17.17.3. Product summary
17.17.4. Recent developments

17.18. UpCloud

17.18.1. Company details
17.18.2. Financial outlook
17.18.3. Product summary
17.18.4. Recent developments

17.19. VMware, Inc.

17.19.1. Company details
17.19.2. Financial outlook
17.19.3. Product summary
17.19.4. 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.

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SPER-Methodology-2

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Frequently Asked Questions About This Report

How big is the Europe Cloud Computing Market?

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.

What is the growth rate of the Europe Cloud Computing Market?

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.

What is the anticipated CAGR of the Europe Cloud Computing Market?

Europe Cloud Computing Market CAGR of 9.2% during the forecast period.

How can I get a sample report on the Europe Cloud Computing Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Europe Cloud Computing Market?

Europe Cloud Computing Market size is USD 126.93 billion from 2023 to 2033.

Which segment is expected to Europe Cloud Computing Market?

Europe Cloud Computing Market Segment is covered By Service Type, By Organisation Type, By Application, By Deployment Model.

Which region is expected to have the highest market share in the Europe Cloud Computing Market?

The Europe is anticipated to have the highest market share in the Europe Cloud Computing Market.

Who are the key players in 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.

What is the conclusion of the Europe Cloud Computing Market?

Cloud computing is the delivery of computing resources over the internet, including storage, servers, applications, and networking, providing faster innovation and economies of scale.