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.

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.

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.

The Europe cloud computing market is being driven by the rising adoption of SaaS segment and increasing consumer demand. The market is expected to grow at a CAGR of 9.00% in the forecast period of 2025-2034 to reach a value of approximately USD 115.38 Billion by 2034.

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.

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.

The forecast for the Europe Cloud Computing market predicts substantial growth, with market size projected to soar to USD 354.49 Billion by 2033, a significant increase from the USD 84.12 Billion recorded in 2024. This expansion reflects an impressive compound annual growth rate (CAGR) of 17.33% anticipated between 2025 and 2033.

The Europe Cloud Computing Market market size to cross USD 354.49 B

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.

The European cloud computing market, valued at €173.69 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 16.22% from 2025 to 2033. This surge is driven by several key factors. Increasing digital transformation initiatives across various sectors, including manufacturing, BFSI, and healthcare, are fueling demand for cloud-based solutions. Businesses are increasingly adopting cloud services to enhance operational efficiency, improve data management, and gain a competitive edge. The rise of big data analytics and the Internet of Things (IoT) also contribute significantly to market expansion. Furthermore, the increasing adoption of hybrid cloud models, offering a blend of public and private cloud infrastructure, is further accelerating growth. Government regulations promoting digitalization and cybersecurity are also playing a supportive role. Large enterprises are leading the adoption, followed by SMEs, reflecting a broad-based market penetration. The UK, Germany, and France represent the largest national markets within Europe, driven by strong digital infrastructure and a high concentration of technology-driven businesses. Despite this positive outlook, certain challenges persist. Concerns regarding data security and privacy, particularly with sensitive information stored in the cloud, remain a significant restraint. The complexity of migrating legacy systems to cloud-based environments and the associated costs can also hinder adoption, especially for smaller businesses. However, ongoing advancements in cloud security technologies, coupled with increased awareness of cloud benefits, are expected to mitigate these concerns over the forecast period. The increasing availability of skilled cloud professionals is also expected to support continued market expansion. Competition among major cloud providers, including AWS, Microsoft Azure, Google Cloud, and others, is intense, but fosters innovation and drives pricing competitiveness, ultimately benefiting end-users. Recent developments include: February 2024 - Admiral, a subsidiary of the Admiral Group, a British financial services firm, chose Google Cloud as its strategic cloud partner. As per the agreement, Google Cloud will power Admiral's core insurance operations, which include insurance policy administration and digital systems. Admiral plans to leverage Google Cloud technologies to innovate new digital products and services, notably enhancing its customer-facing mobile app. This partnership is expected to allow Admiral to speed up the launch of new products and services by utilizing containerized cloud applications and embracing modern software development practices. With Google Cloud’s data analytics capabilities, Admiral aims to boost operational efficiency and enhance customer service through AI and machine learning services., January 2024 - Vodafone and Microsoft Corp. unveiled a significant 10-year strategic partnership. This collaboration aims to harness their combined strengths, delivering expansive digital platforms to over 300 million businesses, public sector entities, and consumers throughout Europe and Africa. As part of the alliance, Vodafone is set to channel a USD 1.5 billion investment over the next decade, focusing on cloud services and AI solutions tailored for customers, all co-developed with Microsoft.. Key drivers for this market are: Strong Government Support for Promoting Cloud Adoption, Presence of Numerous Cloud Data Centers in the European Region. Potential restraints include: Strong Government Support for Promoting Cloud Adoption, Presence of Numerous Cloud Data Centers in the European Region. Notable trends are: Strong Government support for Promoting Cloud Adoption.

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.

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.

The report on Western Europe Cloud Computing covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

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

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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 market is witnessing significant growth, driven primarily by the increased preference for private cloud solutions due to enhanced data security. This trend is particularly prominent in the Banking, Financial Services, and Insurance (BFSI) sector, where the handling of sensitive financial data necessitates stringent security measures. However, the adoption of private cloud services is not without challenges. One of the major obstacles is the high costs associated with implementing and maintaining these services. Despite this, the market presents numerous opportunities for companies seeking to capitalize on the growing demand for secure and customizable cloud solutions. Organizations can address the cost challenge by exploring cost-effective deployment models, such as hybrid cloud, and optimizing resource utilization.
Additionally, they can leverage advanced technologies, such as automation and artificial intelligence, to streamline operations and reduce operational costs. Overall, the market is poised for growth, offering significant opportunities for companies that can effectively address the security concerns and cost challenges of their clients.

What will be the Size of the Private Cloud Services Market during the forecast period?

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The market continues to evolve, with dynamic market activities shaping its landscape. Cloud storage solutions, such as block and object storage, play a crucial role in data management for various sectors, including financial services and enterprise resource planning. Cloud automation, driven by network, storage, and server virtualization, enables continuous delivery and integration. Disaster recovery and business continuity are essential components of cloud services, ensuring uninterrupted operations for large enterprises. Cloud security is a top priority, with advanced solutions protecting against cyber threats and ensuring data privacy. Customer relationship management applications enhance business interactions, while API management streamlines integration and collaboration.
Cloud native and cloud-adjacent technologies, like machine learning and artificial intelligence, are transforming industries, from edge computing to big data analysis. Cost optimization and continuous improvement are ongoing priorities, with cost savings and efficiency gains driving adoption. Hybrid cloud solutions cater to diverse business needs, offering flexibility and scalability. Cloud orchestration and management tools facilitate seamless integration and optimization of these services. The Internet of Things and supply chain management are among the many sectors adopting cloud services for improved efficiency and innovation.

How is this Private Cloud Services Industry segmented?

The private cloud services industry research 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


Deployment Type

  Dedicated Private Cloud
  Virtual Private Cloud


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Service Insights

The iaas segment is estimated to witness significant growth during the forecast period.

Private cloud services, a model of Infrastructure-as-a-Service (IaaS), enable businesses to access and utilize computing infrastructure, including servers, storage, network components, and data center space, over the Internet. IaaS companies offer enterprises on-demand access to a vast pool of IT equipment installed across multiple data centers worldwide. These solutions are delivered in a highly automated manner, providing benefits such as better security. In a private cloud setup, the entire infrastructure operates within corporate firewalls, ensuring enhanced security for applications and data. Moreover, private cloud services support the integration of advanced technologies like cloud automation, network virtualization, storage virtualization, server virtualization, block storage, disaster recovery, file storage, cloud security, customer relationship management, object storage, and API management.

The adoption of these technologies contributes to the maturity of cloud services, enabling enterprises to optimize costs, improve business continuity, and enhance operational efficiency. Ar

The Europe Cloud Services Brokerage Market would witness market growth of 16.3% CAGR during the forecast period (2024-2031). The Germany market dominated the Europe Cloud Services Brokerage Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market

The revenue in the public cloud market in Europe was forecast to continuously increase between 2024 and 2029 by in total 231.8 billion U.S. dollars (+127.8 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 413.16 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the public cloud market was continuously increasing over the past years.Find more information concerning the United States and Finland. The Statista Market Insights cover a broad range of additional markets.

The France cloud computing market, valued at €19.25 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 16.91% from 2025 to 2033. This significant expansion is fueled by several key drivers. Increasing digital transformation initiatives across various sectors, including finance, healthcare, and retail, are pushing organizations to adopt cloud-based solutions for enhanced agility, scalability, and cost-efficiency. Furthermore, the rising adoption of advanced technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) is generating substantial demand for cloud infrastructure and services. Government initiatives promoting digitalization within France also contribute significantly to market growth. However, challenges such as data security concerns, regulatory compliance requirements, and the need for skilled cloud professionals act as restraints to some extent. The market is segmented by service type (IaaS, PaaS, SaaS), deployment model (public, private, hybrid), and end-user industry (BFSI, IT & Telecom, Healthcare, Retail, Government). Major players such as IBM, Orange, Google, Microsoft, Salesforce, Capgemini, Oracle, SAP, Amazon Web Services, and OVHcloud are actively competing in this dynamic market, offering a diverse range of cloud solutions and services. The forecast period (2025-2033) anticipates continuous market expansion, driven by the sustained adoption of cloud technologies across various sectors and the ongoing development of innovative cloud-based applications. The competitive landscape is expected to remain intense, with existing players investing heavily in research and development and expanding their service offerings. New entrants are also likely to emerge, particularly in specialized niche areas. To maintain competitiveness, companies are expected to focus on providing enhanced security features, improving customer support services, and developing tailored solutions to meet the specific requirements of various industry verticals. The robust growth trajectory of the French economy, coupled with a supportive regulatory environment, is expected to further bolster the growth of the cloud computing market throughout the forecast period. Recent developments include: May 2024: Clever Cloud and Vates unveiled a partnership designed to bolster the strategic autonomy of cloud services in France and across Europe. By merging their unique expertise, these two French cloud technology firms, experts in Platform as a Service as well as Infrastructure as a Service solution, are collaborating to present a robust, independent, and open alternative to major hyperscalers., April 2024: OVHcloud, a European cloud provider, unveiled a new cloud region in Paris, France. The newly established 3-AZ Paris region encompasses three data centers strategically positioned about 30 km apart, ensuring organizations benefit from enhanced resilience and reduced latency. In this region, OVHcloud enables data replication for near-instant failover and distribution for scalability.. Key drivers for this market are: Robust Shift Towards Digital Transformation Across the Country, Data Privacy Concerns Are Driving Increased Adoption Of Public Cloud Services. Potential restraints include: Robust Shift Towards Digital Transformation Across the Country, Data Privacy Concerns Are Driving Increased Adoption Of Public Cloud Services. Notable trends are: Robust Shift Toward Digital Transformation Across the Country Is Driving the Market's Growth Opportunities.

The European mobile cloud market, valued at €57.97 million in 2025, is projected to experience robust growth, driven by the increasing adoption of mobile devices, the surge in demand for cloud-based services across various sectors, and the expansion of 5G network infrastructure. This expansion is fueled by several key factors. Firstly, enterprises across diverse sectors, including finance, gaming, and healthcare, are increasingly leveraging mobile cloud solutions to enhance operational efficiency, improve data accessibility, and scale their operations cost-effectively. Secondly, the rising popularity of mobile gaming and entertainment applications necessitates robust and scalable cloud infrastructure to meet the growing demand for high-quality, on-demand services. Finally, the enhanced security features offered by many mobile cloud platforms are attracting businesses concerned with data protection and compliance. Growth is expected to be particularly strong in countries with advanced digital infrastructure and high mobile penetration rates, such as the United Kingdom, Germany, and France. While the market faces challenges such as data security concerns and regulatory hurdles related to data privacy, these are being addressed through technological advancements and stricter regulations, ultimately driving market growth. The competitive landscape is characterized by major players such as IBM, Amazon Web Services, Google, and Microsoft, alongside several specialized cloud providers. These companies are investing heavily in research and development to improve the functionality, security, and accessibility of their mobile cloud platforms, intensifying competition and driving innovation. The market segmentation by user (enterprise and consumer) and application (gaming, finance, etc.) allows for targeted market strategies and reveals distinct growth trajectories within specific sectors, further contributing to market dynamism. The continued expansion of 5G networks and increasing adoption of mobile devices are projected to fuel this growth throughout the forecast period (2025-2033), leading to significant market expansion. Recent developments include: The European mobile cloud market is moderately concentrated, with many market players cornering a very small share of the market. The market is getting more and more split up because regional markets are growing and more and more local companies are getting involved in foreign direct investments., March 2022: In order to make service provider cloud networks more consumable, flexible, and automated, Nokia has launched Adaptive Cloud Networking, a cloud-native solution. The all-encompassing solution boosts a service provider's data center fabric and smoothly expands its operations to the edge clouds in order to meet the erratic needs of the 5G era. With this new way of building and running telco clouds, service providers will be able to strengthen their important role in the value chain of the 5G digital network., June 2022: Official release of the Huawei Mobile Cloud PC Client, which offers users a safe and simple way to manage and safely share their data. HUAWEI Mobile Cloud PC Client is being officially introduced at the same time as two new Huawei laptops, the MateBook 16s and MateBook D16. Both of these laptops include HUAWEI Mobile Cloud PC Client and are available in more than 30 countries and more than 12 languages in Europe.. Key drivers for this market are: Development in IT Infrastructure in the Region, Advancing Internet Connectivity. Potential restraints include: Development in IT Infrastructure in the Region, Advancing Internet Connectivity. Notable trends are: Gaming Segment is Observing a Significant Increase.

The France cloud computing market, valued at €19.25 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 16.91% from 2025 to 2033. This expansion is driven by several key factors. The increasing digitalization across various sectors, including BFSI, healthcare, and manufacturing, fuels the demand for scalable and flexible cloud solutions. Government initiatives promoting digital transformation and the adoption of advanced technologies within the public sector also contribute significantly to market growth. Furthermore, the rising adoption of cloud-based services by Small and Medium-sized Enterprises (SMEs) to enhance operational efficiency and reduce IT infrastructure costs further accelerates market expansion. The preference for hybrid cloud models, combining the benefits of both public and private clouds, is also a prominent trend shaping the market landscape. While data security concerns and the need for robust cybersecurity measures remain potential restraints, the overall market outlook is overwhelmingly positive, indicating substantial opportunities for cloud service providers and related businesses in France. The market segmentation reveals a diverse landscape. Public cloud services (IaaS, PaaS, SaaS) dominate, driven by their cost-effectiveness and accessibility. Large enterprises are major consumers, leveraging cloud computing for large-scale data processing and complex applications. However, SMEs are rapidly adopting cloud solutions, leading to significant growth in this segment. Among end-user industries, BFSI, healthcare, and IT & Telecom show the highest adoption rates, reflecting the critical role of reliable and secure cloud infrastructure in these sectors. The competitive landscape is characterized by a mix of global giants like Amazon Web Services, Microsoft, and Google, alongside established European players like Orange S.A. and Capgemini, fostering innovation and driving competition. The market's continued expansion hinges on consistent technological advancements, improved cybersecurity measures, and the sustained growth of digital transformation initiatives across all sectors within France. Recent developments include: May 2024: Clever Cloud and Vates unveiled a partnership designed to bolster the strategic autonomy of cloud services in France and across Europe. By merging their unique expertise, these two French cloud technology firms, experts in Platform as a Service as well as Infrastructure as a Service solution, are collaborating to present a robust, independent, and open alternative to major hyperscalers., April 2024: OVHcloud, a European cloud provider, unveiled a new cloud region in Paris, France. The newly established 3-AZ Paris region encompasses three data centers strategically positioned about 30 km apart, ensuring organizations benefit from enhanced resilience and reduced latency. In this region, OVHcloud enables data replication for near-instant failover and distribution for scalability.. Key drivers for this market are: Robust Shift Towards Digital Transformation Across the Country, Data Privacy Concerns Are Driving Increased Adoption Of Public Cloud Services. Potential restraints include: Robust Shift Towards Digital Transformation Across the Country, Data Privacy Concerns Are Driving Increased Adoption Of Public Cloud Services. Notable trends are: Robust Shift Toward Digital Transformation Across the Country Is Driving the Market's Growth Opportunities.

Snapshot img

Cloud Computing Market Size 2025-2029

The cloud computing market size is forecast to increase by USD 600.5 billion, at a CAGR of 18.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing trend towards cost savings and the heightened priority placed on data security. Businesses are increasingly turning to cloud solutions to reduce IT expenses and improve operational efficiency by using AI and ML technologies. Simultaneously, the demand for private cloud deployments is surging due to concerns over data security and compliance. However, the adoption of cloud computing is not without challenges. Integration issues persist as organizations grapple with combining various cloud services and on-premises systems. These challenges necessitate a strategic approach from companies seeking to capitalize on the market's potential while effectively navigating obstacles. By focusing on seamless integration and addressing data security concerns, organizations can maximize the benefits of cloud computing and maintain a competitive edge.

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Cloud infrastructure continues to evolve, shaping the technological landscape with its dynamic nature. Compliance and security remain paramount, with data encryption being a critical component. Nosql databases and relational databases (RDBMS) coexist, catering to diverse business needs. Cloud cost management is an ongoing concern, as organizations navigate the complexities of public, private, and hybrid cloud environments. Business continuity and disaster recovery are integral to cloud computing adoption. Agile methodologies and serverless computing facilitate swift development and deployment. Virtual machines (VMs) and containerization offer flexibility, while cloud databases power data-driven decision-making. Cloud-native applications, cloud-based monitoring, and cloud-based software development streamline operations.

Cloud computing training and certifications equip professionals with the necessary skills. API management and edge computing expand the reach of cloud services. Cloud computing solutions cater to various sectors, from data warehousing and cloud analytics to cloud gaming and cloud-based productivity suites. Cloud telephony, cloud-based support, and unified communications enhance communication capabilities. Cloud optimization and artificial intelligence (AI) drive efficiency and innovation. Cloud governance ensures compliance with regulations and best practices. Cloud storage, cloud networking, and object storage provide scalable and secure data management. Cloud collaboration tools and file storage facilitate teamwork. Cloud monitoring and data analytics platforms offer insights into operational performance.

The continuous unfolding of market activities reveals evolving patterns, with public cloud, big data analytics, and cloud-based email services gaining traction. Cloud computing consulting and cloud-based training support organizations in their digital transformation journeys. The integration of load balancers, cloud-based testing, and cloud deployment tools further enhances the versatility of cloud infrastructure. In the ever-evolving cloud landscape, cloud computing regulations and business intelligence (BI) solutions emerge to address the unique challenges of the digital age. Cloud gaming, cloud-based productivity suites, and cloud-based support services expand the reach of cloud computing, offering new opportunities for businesses and individuals alike.

The ongoing adoption of cloud computing is marked by the seamless integration of various components, including cloud cost management, virtual machines, data warehousing, and cloud-native applications. The future of cloud infrastructure lies in its ability to adapt and innovate, driven by advancements in AI, ML, and edge computing.

How is this Cloud Computing Industry segmented?

The cloud computing industry research 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.

Deployment

  Public cloud
  Private cloud


Service

  SaaS
  IaaS
  PaaS


Workload

  Application Development & Testing
  Data Storage & Backup
  Resource Management
  Orchestration Services
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW). 

By Deployment Insights

The public cloud segment is estimated to witness significant growth durin