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Europe Cloud Computing Market Size By Service Type (Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS)), By Organization Type (Large Enterprises, SMEs), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Application (IT & Telecom, BFSI, Government and Public Sector, Healthcare, Retail, Manufacturing, Education), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2028

  • Report ID: GMI2902
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

Europe Cloud Computing Market size exceeded USD 35 billion in 2020 and is expected to grow at 15% CAGR between 2021 and 2028. Increasing demand for digital transformation of various industries across the region is likely to drive the industry demand. Various government agencies across the EU have invested heftily in cloud computing initiatives, augmenting the adoption of cloud-based services in the region.

Europe Cloud Computing Market

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In November 2020, the UK government signed a three-year contract with Amazon Web Services, Inc. to accelerate cloud adoption across public organizations. As per this contract, Amazon Web Services, Inc. is providing training and conducting workshops for enterprises that are in the initial stage of cloud deployment. This initiative increased the demand for cloud computing services across Europe.

The recent COVID-19 outbreak resulted in an increase in the demand for remote workforce owing to quarantine restrictions. The regional cloud computing market demand has surged during the pandemic as the enterprises preferred cloud deployment options instead of on-premise deployment due to quarantine restrictions. According to Eurostat, the adoption of cloud computing services across enterprises in Europe increased to 36% in 2020 compared to 24% in 2018.

In Germany, the SaaS is set to dominate the market

Germany Cloud Computing Market Size, By Service Type

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In Germany, SaaS service segment is projected to garner a revenue of around USD 13.29 billion in 2028 driven by its growing adoption across SMEs. The rising demand for Customer Relationship Management (CRM) software is also supporting the adoption of SaaS model in the Europe cloud computing market. Low subscription costs and hardware independent operations have made SaaS a viable option for small & medium enterprises with limited financial resources. All software-related updates, security enhancements, and user addition are handled by SaaS providers, enabling enterprises to reduce their IT spending.

In France, various benefits of cloud deployment model are enabling SMEs to rapidly shift from traditional on-premise models

France Cloud Computing Market Size, By Organization Type

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In France, SME organizations are poised to observe a 15% CAGR through 2028 propelled by the cost-effectiveness of cloud deployment models. The growing awareness across SMEs regarding various benefits of cloud computing, such as remote computing, reduced costs, and availability of on-demand computing resources, is fueling the market growth in the country. As most SMEs in France have part-time professionals along with the changing offices, remote computing becomes a critical option for ensuring business continuity.

Combined benefits offered by the hybrid deployment model is boosting the Italian market revenue

In Italy, the hybrid cloud deployment model is estimated to see growth at around 25% from 2021 to 2028 led by their combined benefits of scalability and data security. Enterprises may deploy a hybrid cloud model where data is stored on a private cloud and computing resources are provided through a public cloud. This ensures high performance and robust security without capital investment and spending on IT equipment. The companies operating in the cloud computing market are acquiring local cloud companies, strengthening their market position. As enterprises become aware of the advantages of hybrid cloud, such as enhanced business agility and secure operations, the adoption of hybrid cloud is expected to grow profoundly.

Growing migration of telecom service providers to cloud platform is supporting the Netherlands market statistics

Netherlands Cloud Computing Market Size, By Application

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The IT & telecom industry in Netherlands held a market share of over 20% in 2020 and is predicted to generate a revenue of more than USD 3 billion by 2028 impelled by the migration of telecom providers toward cloud platforms. The companies operating in the telecom industry rely on a large computing infrastructure to run a wide variety of applications for delivery, management, and billing of services. Telecommunication providers are leveraging cloud technologies on two fronts- by adopting them for their business growth and providing cloud services to end users. The proliferation of public cloud in the IT & telecom industry is forecast to increase profoundly as telecom providers look to leverage their infrastructure for selling hosting services.

The UK dominated the Europe cloud computing market in 2020

The UK captured a major market share in 2020 on account of the robust government initiatives and high rate of cloud adoption by UK enterprises. The UK government has invested heftily in cloud computing, spending more than double in the last five years. With the government recognizing the importance of cloud computing as a key driver for economic growth and foreign investments, public agencies are swiftly transitioning toward the hybrid cloud models.

Strategic acquisition is the key market strategy adopted by the leading market players

The companies operating in the Europe cloud computing industry are emphasizing on strategic acquisitions to expand their market share in Europe. For instance, in December 2020, IBM Corporation acquired Nordcloud, a leading European cloud service provider, to expand its hybrid cloud capabilities. This acquisition helped IBM to enhance its cloud migration and transformation capabilities.

Some of the Europe cloud computing market players are Alibaba Group Holding Limited, Amazon Web Services, Inc., CenturyLink, CloudSigma Holding AG, DigitalOcean, LLC., Fujitsu, Google LLC., Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Nordcloud, NTT Communications Corporation, Oracle Corporation, OVH, Rackspace, Inc., Salesforce.com, Inc., SAP SE, Tencent Holdings Limited, UpCloud, and VMware, Inc.

This market research report on Europe cloud computing includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028 for the following segments:

Market, By Service Type

  • Software-as-a-Service (SaaS)
  •  Infrastructure-as-a-Service (IaaS)
  • Platform-as-a-Service (PaaS)

Market, By Organization Type

  • Large enterprises
  •  SMEs

Market, By Connectivity

  • Public Cloud
  •  Private Cloud
  •  Hybrid Cloud

Market, By Application

  • BFSI
  • Government and Public sector
  • Healthcare
  • IT & Telecom
  • Retail
  • Manufacturing
  • Education
  • Others

The above information has been provided for the following regions and countries:

  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Switzerland
    • Nordics
Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

Europe cloud computing industry share had reached USD 35 billion in 2020 and will expand at a 15% CAGR up to 2028.

The regional revenue share from the SaaS service segment is expected to surpass USD 13.29 billion by 2028 due to higher demand from SMEs.

France cloud computing market size from SME organizations is slated to expand at a 15% CAGR up to 2028 driven by the affordability of the cloud deployment models.

Hybrid cloud deployment models are pegged to witness a growth at around 25% in the regional cloud computing market through 2028 with the increasing need for scalability and data security.

IT & telecom sector in the Netherlands accounted for over 20% of the regional market share in 2020 and is projected to reach USD 3 billion by 2028 owing to the higher migration of telecom providers toward cloud platforms.

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  • Published Date: Jun 2021
  • Companies covered: 20
  • Tables & Figures: 309
  • Countries covered: 8
  • Pages: 282

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