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Europe Cloud Computing Market Share

Report ID: GMI2902
Published Date: Dec 2022
Report Format: PDF

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Europe Cloud Computing Market Share

Prominent participants operating across the market include:

Amazon Web Services Inc
Alibaba Group Holding Limited
CenturyLink
CloudSigma Holding AG
DigitalOcean LLC
Fujitsu
Google LLC
IBM Corporation
Microsoft Corporation
Hewlett Packard Enterprise Development LP
NTT Communications Corporation
Oracle Corporation
OVH
Rackspace Inc
Salesforce.com Inc
SAP SE
Tencent Holdings Limited
UpCloud
VMware

The need to enhance business footprint across the region has led companies to initiate new partnerships, acquisitions and mergers with related firms.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market for cloud computing in Europe was valued at over USD 60 billion in 2022 and is projected to witness a 25% CAGR through 2032 driven by the growing adoption of cloud services by enterprises.

In 2022, the SaaS segment held over 60% share of the Europe cloud computing industry as the service model enabled businesses to lower their IT spending.

The market for cloud computing in Italy is forecasted to record at over 30% CAGR between 2023 to 2032 due to strong presence of several multinational corporations.

Amazon Web Services, Inc., CenturyLink, CloudSigma Holding AG, Fujitsu, Google LLC., IBM Corporation, and Microsoft Corporation are some of the leading players in the market.