How big is the Europe cloud computing market?

The market size for cloud computing in Europe reached USD 80.8 billion in 2024 and is set to grow at a CAGR of 17.1% from 2025 to 2034, led by digital transformation initiatives across enterprises and governments.

Who are the major players in the Europe cloud computing industry?

The key players in the market include Alibaba Group, Amazon, Google LLC, IBM Corporation, Microsoft Corporation, NTT Data, Oracle Corporation, Salesforce, and VMware.

How much is the U.K. cloud computing market worth?

The U.K. market held a 20% revenue share in 2024 and is projected to exceed USD 76.6 billion by 2034, fueled by advanced digital infrastructure and early adoption of cloud technologies.

What is the market share of large enterprises in the Europe cloud computing industry?

Large enterprises accounted for 66% of the market in 2024, driven by their substantial IT budgets and focus on digital transformation to enhance scalability and efficiency.

Europe Cloud Computing Market Share

Report ID: GMI2902

Published Date: January 2025

Report Format: PDF

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Europe Cloud Computing Market Share

Europe Cloud Computing Company Market Share, 2024

Microsoft and Amazon collectively held a substantial market share of over 38% in the Europe cloud computing industry in 2024, due to their established global presence, comprehensive service portfolios, and ability to address diverse customer needs. Amazon Web Services (AWS), a pioneer in cloud infrastructure, dominates with its extensive range of services, including computing, storage, and AI-powered tools. Its robust global infrastructure, combined with localized data centers in Europe, ensures high performance and compliance with regional regulations such as GDPR.

Similarly, Microsoft Azure benefits from its strong enterprise relationships and seamless integration with Microsoft products like Office 365 and Dynamics 365. Azure’s hybrid cloud capabilities and investments in AI, IoT, and sustainability resonate with European businesses and governments. Both companies leverage their scale, advanced technologies, and localized strategies to maintain dominance, catering to industries ranging from finance to manufacturing while ensuring compliance with Europe’s stringent data sovereignty requirements.

Europe Cloud Computing Market Companies

Major players operating in the Europe cloud computing industry are:

Alibaba Group
Amazon
Google LLC
IBM Corporation
Microsoft Corporation
NTT Data
Oracle Corporation
SalesForce
Vmware

Authors: Preeti Wadhwani,

Frequently Asked Question(FAQ) :

How big is the Europe cloud computing market?: The market size for cloud computing in Europe reached USD 80.8 billion in 2024 and is set to grow at a CAGR of 17.1% from 2025 to 2034, led by digital transformation initiatives across enterprises and governments.
Who are the major players in the Europe cloud computing industry?: The key players in the market include Alibaba Group, Amazon, Google LLC, IBM Corporation, Microsoft Corporation, NTT Data, Oracle Corporation, Salesforce, and VMware.
How much is the U.K. cloud computing market worth?: The U.K. market held a 20% revenue share in 2024 and is projected to exceed USD 76.6 billion by 2034, fueled by advanced digital infrastructure and early adoption of cloud technologies.
What is the market share of large enterprises in the Europe cloud computing industry?: Large enterprises accounted for 66% of the market in 2024, driven by their substantial IT budgets and focus on digital transformation to enhance scalability and efficiency.

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Authors: Preeti Wadhwani,

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Base Year: 2024

Companies covered: 17

Tables & Figures: 160

Countries covered: 10

Pages: 170

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Europe Cloud Computing Market Share

Europe Cloud Computing Market Share

Europe Cloud Computing Market Companies

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