The revenue in the 'Cloud Security' segment of the cybersecurity market in Europe was forecast to continuously increase between 2024 and 2029 by in total 1.2 billion U.S. dollars (+217.35 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 1.7 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Cloud Security' segment of the cybersecurity market was continuously increasing over the past years.Find more information concerning North America and Spain. The Statista Market Insights cover a broad range of additional markets.

The Report Covers Europe Cloud Computing Companies, and the Market is Segmented by Type (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Type (SMEs and Large Enterprises), End-User Industries (Manufacturing, Education, Retail, Transportation, and Logistics, Healthcare, BFSI, Telecom, and IT, and Government and Public Sector), and Country (the United Kingdom, Germany, France, Italy, and the Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Over the last two observations, the revenue is forecast to significantly increase in all segments. The trend observed from 2018 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the revenue across all segments. Notably, the Software as a Service segment achieves the highest value of 176.96 billion euro at 2029. Find other insights concerning similar markets and segments, such as a comparison of revenue growth in Germany and a comparison of revenue growth in Italy. The Statista Market Insights cover a broad range of additional markets.

By the second quarter of 2021, revenues from cloud computing in Europe amounted to approximately 7.3 billion euros. At the same time, European service providers' market share declined to under 16 percent, although their revenues increased. Both government investments in cloud computing initiatives as well as general digital transformation processes drive market growth. American cloud providers dominate the European market European cloud providers’ decline in market share is due the rise of American cloud providers including Amazon, Microsoft, and Google. Together, these three global players take 66 percent of the European market. Deutsche Telekom is the leader among European cloud providers, taking two percent of the market. It is followed by OVH Cloud from France and many regional cloud specialists and national telcos. European initiatives to strengthen regional providers Given the relative prominence of American cloud providers in the European market, the GAIA-X initiative has formed in 2019 to regain control over data sovereignty while simultaneously strengthening European cloud providers. Catching up with the US companies’ dominance in the European market will remain a challenge, however, given that in the future, European customers expect to increase spending on the American cloud companies rather than on regional providers.

Europe AI Cloud Computing Market in Automotive Industry Report is Segmented by Services (Public Cloud (Software-As-A-Service (SaaS) Platform-As-A-Service (PaaS), Infrastructure-As-A-Service (IaaS)), Private Cloud (Colocation, In-House (OPaas, Staas))), Country (United Kingdom, Germany, France, Italy, Spain, Poland, Rest of Europe). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Europe Hybrid cloud computing market USD 29442.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031. Digital transformation initiatives are expected to aid the sales to USD 88786.8 million by 2031.

In 2021, the European cloud computing market is forecast to amount to 63 billion euros. By 2030, the market is projected to reach 560 billion euros.

In 2020, the software as a service (SaaS) segment of the European cloud computing market stood at 61 percent. The share of the platform as a service segment is forecast to grow to 24 percent market share by 2030 from 16 percent in 2021.

EU Countries with the Highest Share of Enterprises Buying Cloud Computing Services, 2016 Discover more data with ReportLinker!

Snapshot img

Private Cloud Services Market Size 2025-2029

The private cloud services market size is forecast to increase by USD 385.7 billion at a CAGR of 19.6% between 2024 and 2029.

The global private cloud services market is expanding steadily, driven by growing needs for secure, scalable IT infrastructure and advancements in cloud technology. Key drivers include the increasing emphasis on data privacy and compliance, as businesses prioritize secure environments for sensitive information, and the integration of hybrid cloud solutions, which offer flexibility to meet diverse workload demands across sectors like finance, healthcare, and retail.
This report provides a clear view of the global private cloud services market, including market size, growth projections, and key segments such as infrastructure as a service (IaaS) and platform as a service (PaaS). It delivers actionable insights for IT strategy, client solutions, and operational efficiency. A significant trend highlighted is the rise of edge computing within private clouds, enabling faster data processing closer to its source. One critical challenge explored is the high initial investment required for deployment, which can strain budgets despite long-term benefits. The report also examines regional trends, identifying opportunities in North America, Europe, APAC, and beyond.
For organizations seeking a competitive advantage in a global landscape, this report offers essential data and analysis to navigate emerging trends and address implementation challenges, ensuring they optimize their private cloud investments effectively

What will be the size of Market during the forecast period?

Request Free Private Cloud Services Market Sample

Private cloud services have gained significant traction in today's digital landscape, offering businesses on-demand platforms for intelligent data services with enhanced security and control. With the increasing importance of data protection and confidentiality, private cloud solutions have become a preferred choice for organizations looking to mitigate infrastructure setup expenses and ensure business continuity. A hybrid strategy, combining both private and public cloud services, has emerged as a popular choice for businesses seeking the benefits of both worlds. Hybrid CSPs offer the flexibility of public cloud with the security and control of private cloud, allowing businesses to host sensitive workloads on private servers while leveraging public cloud for less critical applications.

Market Segmentation

The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.

Service

  IaaS
  SaaS
  PaaS


Type

  Large enterprise
  Small and medium enterprise


Vertical

  BFSI
  IT & Telecom
  Healthcare & Life Sciences
  Government & Public Sector
  Retail & Consumer Goods
  Manufacturing
  Energy & Utilities


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

Which is the largest segment driving market growth?

The IaaS segment is estimated to witness significant growth during the market forecast period. Private cloud services, a model of cloud computing, offer enterprises, including Small and Medium-sized Enterprises (SMEs) and Large Enterprises, the ability to access and utilize computing infrastructure as a service over the Internet. This infrastructure includes servers, storage, and data center space or network components. Vendors of Infrastructure as a Service (IaaS) provide enterprises with on-demand access to a vast pool of IT equipment installed across numerous data centers worldwide. Data center managed services and cloud computing are essential components offerings, providing businesses with customizable, secure, and efficient IT solutions.

Get a glance at the share of various regions. Download the PDF Sample

The IaaS segment was valued at USD 94.2 billion in 2019. By operating entirely within corporate firewalls, the service providers can ensure the security of applications and data. This is a crucial consideration for industries such as IT & telecommunication and healthcare, which handle sensitive information. The automated delivery model of IaaS ensures that enterprises can easily scale their computing resources to meet their evolving needs. Interoperability concerns are minimal in private IaaS as the infrastructure is dedicated to a single organization. This makes it an attractive option for enterprises seeking greater control over their IT environment while still enjoying the cost savings and flexibility associated with cloud computing.

Which region is leading the market?

For more insights on t

Cloud Computing Market Growth | Industry Analysis, Size & Forecast Report

Dataset updated: Jun 27, 2024

Dataset authored and provided by: Mordor Intelligence

License: https://www.mordorintelligence.com/privacy-policy

Time period covered: 2019 - 2029

Area covered: Global

Variables measured: CAGR, Market size, Market share analysis, Global trends, Industry forecast

Description: The Cloud Computing Market size is estimated at USD 0.68 trillion in 2024, and is expected to reach USD 1.44 trillion by 2029, growing at a CAGR of 16.40% during the forecast period (2024-2029).

Report Attribute

Quantitative Units: Revenue in USD Billion, Volumes in Units, Pricing in USD

Regions and Countries Covered:

Industry Segmentation Covered:

By Cloud Computing: IaaS, SaaS, PaaS

By End-User: IT and Telecom, BFSI, Retail and Consumer Goods, Manufacturing, Healthcare, Media and Entertainment

Market Players Covered: Amazon Web Services, Google LLC, Microsoft Corporation, Alibaba Cloud, and Salesforce

The French Cloud Computing Market Report is Segmented by Type (Public Cloud [IaaS, Saas, and PaaS], Private Cloud, and Hybrid Cloud), Organization Size (SMEs and Large Enterprises), and End-User Industries (Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, IT and Telecom, Government and Public Sector, and Others [Utilities, Media and Entertainment, Etc. ]). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The product has been discontinued since: 03 Jul 2018.

The use of cloud computing services among travel agencies, tour operators, and related activities in the European Union (EU-27) increased from 2021 to 2023. Overall, around six in ten travel agencies and similar enterprises in the EU reported buying cloud computing services used over the internet in 2023. Meanwhile, roughly 53 percent of surveyed companies mentioned having bought emails as cloud computing services that year.

The Data Processing and Hosting Services industry has transformed over the past decade, with the growth of cloud computing creating new markets. Demand surged in line with heightened demand from banks and a rising number of mobile connections across Europe. Many companies regard cloud computing as an innovative way of reducing their operating costs, which has led to the introduction of new services that make the sharing of data more efficient. Over the five years through 2024, revenue is expected to contract at a compound annual rate of 4.3% to €81.9 billion, including a 2.4% drop in 2024. Industry profit has been constrained by pricing pressures between companies and regions. During COVID-19, the industry was less affected in comparison to the wider European economy due to the essential nature of its services and the digital nature of the industry. A greater need for data processing capabilities across Europe, which is being forced by regular technological innovation, supports revenue in 2024. However, weak economic conditions are hindering business spending on data processing and hosting services. Industry revenue is set to grow moving forward as European businesses incorporate data technology into their operations. Revenue is projected to boom, growing at a compound annual rate of 3.9% over the five years through 2029, to reach €99 billion. Growth is likely to be assisted by easing macroeconomic headwinds, the growing digitisation of Europe and a huge uptick in 5G connections. Continued innovation is likely to support growth. Although concerns regarding the security of cloud data storage may limit the industry's growth potential, the development of cloud computing is expected to boost revenue moving forward.

Discover how Europe is poised for a record surge in data centres by 2025, driven by AI and cloud growth, as detailed by CBRE research.

The size of the Europe IT Services market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.10% during the forecast period.The Europe IT services market is changing rapidly and finds itself in a dynamic stage, providing all kinds of services an organization needs to exploit technology by which its operations are optimized and efficiency increases, and at the same time, innovation is also found. IT services tend to have a high degree of diversity that involves a wide spectrum of activity areas, such as software development, systems integration, cloud computing, cybersecurity, data analytics, and IT consulting. All small or big ventures, ranging from startup companies to multinational corporations, need these services for their abilities to adapt to the ever-changing tide of the technical world. IT services make or break organizations in many other industries today in this era of digitization. The practice of business organizations outsourcing IT functions to third-party service providers is increasingly becoming the case these days so as to be able to concentrate more on core competencies. It will utilize professional and experienced IT experts' knowledge and assets to achieve business enhancement for smooth operation flow with cost reduction and improved overall performance. Additionally, the business organization has an opportunity through IT services to explore the emerging areas of artificial intelligence, machine learning, and the Internet of Things. There are also few growth drivers for the Europe IT services market, which includes the growth in initiatives of digital transformation, growth in usage of cloud, and increasing demand for cybersecurity solutions and data-driven insights. With the continuous investment of organizations in technology, it will make the operation and customer experience much better, and IT services demand will be quite high in the next couple of years. Recent developments include: August 2022: Sky collaborated with Accenture to modernize its employee experience and human resources (HR) operations with a company-wide cloud-based transformation., August 2022: Wipro Limited signed a multi-year contract to deliver service integration and management services to the UK government treasury., September 2022: Keysight Technologies signed a memorandum of understanding (MoU) with IBM to pursue accelerating open radio access network (RAN) deployments in Europe.. Key drivers for this market are: Acceleration of Digital Transformation Across Industries and Adoption of New Technologies, Growing Emphasis on Leveraging the Core Competencies by Outsourcing Non-core Operations. Potential restraints include: Data Security, Customization, and Data Migration. Notable trends are: Growing Demand for Cloud Services.

The global Cloud Enterprise Solution market is experiencing robust growth, driven by the increasing adoption of cloud computing across various industries. The market, estimated at $250 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This significant expansion is fueled by several key factors. Firstly, the continuous digital transformation initiatives undertaken by large enterprises and SMEs are pushing the demand for scalable and cost-effective cloud solutions. Secondly, advancements in technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) are creating new opportunities for cloud-based applications and services. The rising need for enhanced data security and disaster recovery capabilities further strengthens the market's trajectory. Different deployment models like SaaS, PaaS, and IaaS cater to diverse organizational needs, contributing to market segmentation. The market's competitive landscape features major players such as Amazon Web Services, Microsoft Azure, Google Cloud, and others, constantly innovating to maintain their market share. Geographic expansion continues, with North America and Europe currently dominating the market, followed by the Asia-Pacific region witnessing significant growth potential due to rising internet penetration and increasing digital adoption. The growth trajectory is expected to continue through 2033, propelled by the escalating demand for cloud-native applications and the adoption of hybrid cloud strategies. While data security concerns and integration complexities represent potential restraints, the overall market outlook remains positive. The emergence of edge computing and serverless computing will likely shape future market dynamics. Furthermore, increasing government investments in cloud infrastructure and the rising adoption of cloud-based services across sectors like healthcare, finance, and education are likely to propel substantial market expansion. The competitive intensity is high, with companies continuously striving to differentiate their offerings through innovation and strategic partnerships. The market’s success relies heavily on the continuous improvement of cloud infrastructure, enhanced security measures, and improved user experience.

The Report Covers Global Healthcare Cloud Computing Market Analysis & Trends and it is Segmented by Application (Clinical Information Systems (CIS) and Non-clinical Information Systems (NCIS)), Deployment (Private Cloud and Public Cloud), Service (Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS)), End User (Healthcare Providers and Healthcare Payers), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South America). The market size and forecasts are proivded in terms of value (in USD million) for all the above segments.

The private cloud services market, valued at $266.53 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 19.6% from 2025 to 2033. This significant expansion is driven by several key factors. Firstly, the increasing need for enhanced data security and regulatory compliance among enterprises is fueling the adoption of private cloud solutions, offering greater control over sensitive data compared to public cloud alternatives. Secondly, the rising demand for customized IT infrastructure tailored to specific business requirements is another significant driver. Businesses are increasingly recognizing the flexibility and scalability that private clouds offer, allowing them to efficiently manage resources and adapt to changing workloads. Furthermore, the growing adoption of hybrid cloud models, which combine the benefits of both public and private clouds, is contributing to the overall market growth. This hybrid approach allows businesses to leverage the scalability of public clouds for less critical workloads while maintaining the security and control of a private cloud for sensitive data and applications. The market segmentation reveals a diverse landscape. The service segment is dominated by Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS), each catering to specific needs and offering varying levels of control and customization. The type segment is largely split between large enterprises and small and medium-sized enterprises (SMEs), with large enterprises currently driving a higher share of market demand due to their greater resources and need for robust infrastructure. However, the increasing adoption of cloud solutions by SMEs is expected to significantly contribute to market growth in the coming years. Geographic distribution shows strong growth across North America, Europe, and the Asia-Pacific region (APAC), with North America maintaining a significant market share, primarily due to the early adoption of cloud technologies and the presence of major cloud providers. However, rapid technological advancements and increasing digital transformation initiatives in APAC are likely to propel significant growth in this region throughout the forecast period. Competitive pressures are high, with key players like Microsoft, Amazon, and others continuously innovating and expanding their offerings. The market faces potential restraints from high initial investment costs and the complexity of managing private cloud infrastructure.