The Europe Cloud Computing Market Report is Segmented by Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Service Model (IaaS, Paas, Saas), Organization Size (SMEs, Large Enterprises), End-User Industry (Manufacturing, Education, Healthcare, BFSI, Telecom, Government, and More), and Geography (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

The revenue in the 'Cloud Security' segment of the cybersecurity market in Europe was modeled to be 548.69 million U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by 503.28 million U.S. dollars since 2016. Between 2024 and 2030, the revenue will rise by 1.55 billion U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Cloud Security.

By the second quarter of 2021, revenues from cloud computing in Europe amounted to approximately *** billion euros. At the same time, European service providers' market share declined to under ** 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 ** percent of the European market. Deutsche Telekom is the leader among European cloud providers, taking *** 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 revenue in the public cloud market in Belgium was modeled to be 4.85 billion U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by 3.71 billion U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by 9.41 billion U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Public Cloud.

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 ****** billion euro in 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.

Europe cloud infrastructure market USD 181542.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.8% from 2024 to 2031. High investment by key players is expected to aid the sales to USD 703333.4 million by 2031

Europe Cloud Computing Market Overview: The European cloud computing market is projected to reach a value of 536.31 million units by 2033, growing at a CAGR of 16.22% during the forecast period 2025-2033. The rise in digital transformation initiatives, increased demand for data storage and processing, and growing adoption of cloud-based services are primarily driving market growth. Additionally, advancements in cloud computing technologies such as artificial intelligence (AI), machine learning (ML), and big data analytics are further fueling market expansion. Market Segments and Dynamics: The Europe cloud computing market is segmented based on type (public cloud, private cloud, and hybrid cloud) and organization size (SMEs and large enterprises). The public cloud segment holds the largest market share due to its cost-effectiveness, flexibility, and scalability. The healthcare, education, and retail sectors are key end-user industries contributing to the growth of the cloud computing market in Europe. Companies such as Amazon Web Services (AWS), Microsoft Corporation, IBM Corporation, and Google LLC hold prominent positions in the market. The market is expected to witness strong growth in the coming years as organizations continue to embrace cloud computing to enhance their operations and drive innovation. 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.

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.

Western Europe Cloud Computing Market is predicted to increase due to the rising investment by the colocation service providers to strengthen their market position.

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 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

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 Europe Commerce Cloud Market would witness market growth of 22.1% CAGR during the forecast period (2024-2031). The Germany market dominated the Europe Commerce Cloud Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,588.6 mi

Globally, the public cloud market is currently valued at 685.3823 billion USD and is projected to reach a staggering 2,225.9945 billion USD by 2033, reflecting a robust CAGR of 12.81% from 2025 to 2033. Faster digital transformation, rising cloud-native application development, increased affordability, and rapid penetration of mobile devices and IoT are some key growth drivers shaping the public cloud market. Furthermore, the adoption of innovative technologies like AI, ML, and analytics further fuels demand for cloud computing resources. Regionally, North America holds the largest market share, followed by Europe and Asia Pacific. Leading cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) dominate the market, offering comprehensive cloud services across IaaS, PaaS, and SaaS models. Key trends shaping the market include the increasing adoption of multi-cloud and hybrid cloud solutions, the rise of edge computing, and the growing significance of data security and compliance. Despite these growth drivers, factors such as data privacy and security concerns, legacy systems, and potential vendor lock-in can restrain market growth to some extent. Recent developments include: In March 2023, Alibaba Cloud, the foundation of Alibaba Group's digital technology and intelligence, announced its partnership with long-time partner Dubai Holding to upgrade the facility with cutting-edge cloud infrastructure and a wider range of products and services in analytics, databases, industry solutions, and AI services to provide customers with the best digital solutions during their journey towards digitalization. In February 2023, Alibaba Cloud, the digital technology and intelligence core of Alibaba Group has been selected by e-commerce platform MyEUShop and its joint venture logistics partner, Nederlands Express (NLE), as their preferred cloud service provider and technology partner. MyEUShop and NLE will receive assistance from Alibaba Cloud to optimize their retail solutions and e-commerce platform infrastructure to achieve future commercial growth. In March 2023, AWS, a division of Amazon.com, Inc., has announced plans to open a region for its infrastructure in Malaysia. The new Amazon Region will allow developers, start-ups, entrepreneurs, businesses, government, educational, and charity institutions more options for using Malaysian data centers to operate their applications and serve end users. In October 2022, UBS and Microsoft announced a significant expansion of their collaboration to expand UBS's public cloud footprint over the next five years. As part of this transformational endeavour, UBS intends to operate more than half of its applications, including key workloads, on Microsoft Azure, the firm's primary cloud platform. The collaboration advances UBS's "cloud-first" strategy and modernization of its global technology estate. In July 2022, in India, Adobe Experience Manager (AEM) as a Cloud Service, powered by Adobe Experience Cloud, is now generally available, according to Adobe. With SaaS-like agility and experience management capabilities, AEM, a cloud-native solution, helps businesses manage and scale customized digital content for every channel. This enables marketers and developers to quickly create powerful, personalized digital experiences in just a few weeks, unlike the industry norm of months. . Notable trends are: Increasing demand for immersive virtual reality experiences is driving the market growth..

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

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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 experiencing significant growth, driven by the increasing preference for enhanced data security. This trend is particularly notable in the BFSI sector, where the acceptance of private cloud solutions is on the rise.

Major Market Trends & Insights

North America dominated the market and contributed 51% to the growth during the forecast period.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Service, the IaaS segment led the market and was valued at USD 122.70 billion of the global revenue in 2023.
Based on the Type, the Large enterprise segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 259.64 Billion
Future Opportunities: USD 385.7 Billion
CAGR (2024-2029): 19.6%
North America: Largest market in 2023

The market continues to evolve in various sectors. However, the market also faces challenges, primarily the high costs associated with implementing and maintaining private cloud services. These costs can be attributed to the need for specialized hardware, software, and skilled personnel. As businesses continue to prioritize data security and regulatory compliance, the demand for private cloud services is expected to persist. Concurrently, addressing the cost challenge through innovative pricing models, operational efficiencies, and economies of scale will be crucial for market participants to capitalize on this opportunity.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with organizations increasingly adopting advanced technologies to optimize their IT infrastructure and enhance business agility. Service level agreements (SLAs) play a crucial role in ensuring the reliability and performance of these services. Configuration management tools help manage the complexity of private cloud environments, while serverless computing enables the deployment of applications without the need for managing infrastructure. Monitoring dashboards provide real-time insights into the health and utilization of compute resources, enabling high-availability clusters to minimize downtime. Cost optimization strategies, such as virtual desktop infrastructure and cloud storage optimization, help reduce costs and improve resource utilization.
Hybrid cloud integration allows organizations to leverage the benefits of both private and public clouds, while avoiding the challenges of virtual machine sprawl. Performance monitoring and application performance management ensure that applications run efficiently, and load balancing techniques distribute workloads evenly. Automated provisioning and microservices architecture facilitate faster deployment and scalability, while disaster recovery planning and DevOps automation ensure business continuity. Network virtualization and software-defined networking enable the creation of flexible, secure, and scalable networks. CI/CD pipelines streamline the development process, and compliance auditing ensures regulatory compliance. Capacity planning and multi-cloud management enable organizations to optimize their cloud resources and mitigate risks.
Data loss prevention and container orchestration help secure data and applications in private cloud environments. According to recent market research, the market is expected to grow by over 15% annually, driven by the increasing adoption of cloud technologies and the need for greater business agility and cost savings. For instance, a leading financial services firm reported a 20% increase in application performance and a 30% reduction in IT costs after migrating to a private cloud solution.

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 estima

The Europe Mobile Cloud Market Report is Segmented by User (Enterprise and Consumer), Application (Gaming, Entertainment, Education, and More), Service Model (Software-As-A-Service (SaaS), Platform-As-A-Service (PaaS), and More), Deployment Model (Public Cloud, Private Cloud, and More), and Country.

The European mobile cloud market is projected to reach a market size of $57.97 million by 2033, growing at a CAGR of 19.75% during the forecast period. The market is driven by increasing smartphone and tablet penetration, growing adoption of cloud-based services, and rising demand for enterprise mobility solutions. Additionally, the growing popularity of gaming, entertainment, and e-commerce on mobile devices is further contributing to market growth. Europe's market is expected to remain dominant, with the United Kingdom, Germany, France, Italy, and Spain being the major contributors. Key trends shaping the market include the rise of 5G and edge computing, which will enable faster and more efficient cloud-based services. Moreover, the growing adoption of artificial intelligence (AI) and machine learning (ML) is expected to drive innovation and enhance the capabilities of mobile cloud solutions. The growing focus on data security and privacy concerns is also expected to influence market growth as enterprises seek secure and compliant cloud services. The presence of established market players such as Akamai Technologies Inc, IBM Corporation, Google LLC, Salesforce com Inc, and Microsoft Corporation provides intense competition in the market. The European mobile cloud market is projected to reach [Value] Million by 2027, growing at a CAGR of [Value]% from [Value] Million in 2022. The market is driven by the increasing adoption of mobile devices, the rising popularity of cloud-based services, and the growing demand for mobile applications. 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: Concerns Associated With Data Security. Notable trends are: Gaming Segment is Observing a Significant Increase.

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

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