The revenue in the public cloud market in Europe was forecast to continuously increase between 2024 and 2029 by in total ***** billion U.S. dollars (****** percent). After the ninth consecutive increasing year, the revenue is estimated to reach ****** 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 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).

In a survey conducted in 2024, technical professional working in European organizations pointed out Azure as the public cloud provider running the majority of the workload. Additionally, around ** percent responded with AWS being the main cloud provider for workload.

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.

Europe Public Cloud Managed Service market will be USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031. Increasing adoption of cloud technologies are expected to aid the sales to USD XX million by 2031

According to a 2024 survey in the United States and Europe, ** percent of surveyed firms' IT infrastructure environments were in on-premises data centers. Hosted private cloud and public cloud accounted for ** and ** percent shares respectively, while ** percent opted for colocation. While many companies have looked to capitalize on the flexibility and scalability offered by cloud solutions, on-premises data centers remain popular for those prioritizing security and compliance concerns.

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Public Cloud Services Market Size 2025-2029

The public cloud services market size is forecast to increase by USD 1707.7 billion, at a CAGR of 23.1% between 2024 and 2029.

The market is witnessing significant growth, driven by the increasing number of data center hyperscale and colocation providers. These infrastructure providers are expanding their offerings to cater to the surging demand for cloud services, creating a competitive landscape. Strategic partnerships and collaborations among market participants are also shaping the market, as companies seek to expand their reach and enhance their offerings. However, challenges persist, with company lock-in and operational complexities posing significant obstacles. Companies must carefully evaluate their cloud strategies to mitigate these challenges and capitalize on the market's potential. For instance, Infrastructure-as-a-Service (IaaS) providers like Amazon Web Services and Microsoft Azure are investing in advanced technologies, such as artificial intelligence and machine learning, to differentiate their offerings.
Software-as-a-Service (SaaS) players like Salesforce and Workday are focusing on industry-specific solutions to cater to diverse business needs. Platform-as-a-Service (PaaS) providers like Google Cloud Platform and IBM Cloud are emphasizing security and compliance to attract enterprise customers. To succeed in this dynamic market, companies must navigate these challenges and leverage the latest trends to deliver value to their customers.

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

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The market continues to evolve, with new applications and technologies shaping the dynamic landscape. IaaS (Infrastructure-as-a-Service) and PaaS (Platform-as-a-Service) applications are driving cost optimization and agility in businesses, while API management ensures seamless integration and access to cloud services. Cloud risk management, a critical component, encompasses cloud security, data governance, and compliance. Block storage and file storage provide reliable data management, with data privacy and encryption ensuring security. Disaster recovery and business continuity plans are essential for ensuring uninterrupted operations. Cloud provider offerings continue to expand, with serverless functions, container orchestration, and content delivery networks becoming increasingly popular.

Big data analytics, machine learning, and artificial intelligence are transforming industries, with cloud-based applications enabling real-time insights and predictive analytics. Hybrid cloud solutions offer the benefits of both public and private clouds, while continuous delivery and integration streamline development processes. Cloud monitoring and optimization tools help businesses maximize performance and efficiency, while cloud management frameworks ensure compliance with industry standards. Access control and cloud penetration testing are crucial for maintaining security, with cloud forensics and incident response plans providing valuable insights in the event of a breach. Edge computing and load balancing distribute processing power and reduce latency, enhancing user experience.

Ongoing cloud adoption and migration require a robust understanding of service level objectives, performance metrics, and cloud-native architectures such as microservices and serverless computing. The continuous unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptable in the ever-changing cloud landscape.

How is this Public Cloud Services Industry segmented?

The public 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

  SaaS
  IaaS
  PaaS


Type

  SMEs
  Large enterprise


End User

  BFSI
  IT & telecom
  Retail & consumer goods
  Manufacturing
  Energy & utilities
  Healthcare
  Media & entertainment
  Government & public sector
  Others


Deployment Type

  Public Cloud
  Hybrid Cloud


Application

  Storage & Backup
  Application Development & Testing
  Analytics & Big Data
  Business Applications


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

    UAE


  Rest of World (ROW)

By Service Insights

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

In the realm of cloud computing, Software as a Service (SaaS) is a prominent model that enables enterprises

In 2021, 16 percent of respondents indicated that public cloud utilization has made their IT and security operations much more complex. Complexity was driven by the increased workload, as well as lack of skill or the need to acquire new skills. Additionally, 28 percent of respondents stated being unfamiliar with the shared responsibility model under which cloud security falls.

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.

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 Serverless Cloud market USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031. increasing digital transformation initiatives and adoption of cloud-native technologies is expected to aid the sales to USD XX million by 2031

According to a recent survey, 31 percent of respondents state that they invested more than 12 million U.S. dollars on public clouds in Europe and the United States in 2020. A public cloud is a computing service offered by vendors over the internet. Customers benefit from public cloud offerings as they pay only for the storage, CPU, or bandwidth they actually consume. Additionally, the cloud vendors are held responsible for the management and maintenance of the system.

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Hybrid Cloud Market Size 2024-2028

The hybrid cloud market size is forecast to increase by USD 245.30 billion at a CAGR of 27.16% between 2023 and 2028.

Hybrid cloud computing, which combines the benefits of both private and public cloud services, is a significant area of investment for IT spending In the digital age. According to analytics, The market is expected to grow steadily, driven by trends such as simplified disaster recovery, enhanced containerization, and improved network connectivity. These trends are crucial for businesses undergoing digital transformation, particularly in sectors like IT services, industrial services, and content providers. 
Hypervisor technology plays a pivotal role in enabling seamless integration between public and private clouds. However, challenges persist, including data security concerns and latency issues. Addressing these challenges through automation and advanced analytics will be essential for businesses looking to optimize their IT infrastructure and stay competitive in the digital landscape.

What will be the Size of the Hybrid Cloud Market During the Forecast Period?

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The market continues to experience robust growth, driven by the increasing demand for cost efficiency, scalability, and agility in IT infrastructure. Businesses across various sectors, including telecommunications, healthcare services, and enterprises, are adopting hybrid cloud solutions to enhance their IT capabilities and improve data protection. The market is characterized by the integration of public and private cloud, enabling businesses to leverage the benefits of both environments. 
Hybrid cloud solutions offer enhanced security features, enabling businesses to manage critical banking processes and sensitive data with confidence. The collaboration between business and IT departments is a key driver of hybrid cloud adoption, with IT spending on cloud services projected to increase significantly in the coming years.
Cyclical demand and emergency needs are also contributing to the market's growth, with virtual services becoming increasingly important for businesses in the banking sector and other industries. The dynamic regulatory landscape and the digitization of critical processes are further fueling the adoption of hybrid cloud solutions. Legacy technologies and transactions without cloud capabilities are being phased out, as more and more businesses recognize the benefits of hybrid cloud infrastructure. The market is composed of various components, including management services, service types, and telecommunications. Public bodies and non-critical IT infrastructure are also adopting hybrid cloud solutions to optimize their operations and enhance their digital capabilities.

How is this Hybrid Cloud Industry segmented and which is the largest segment?

The hybrid cloud industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Component

  Services
  Solution


End-user

  BFSI
  Retail
  Healthcare
  Telecom
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Component Insights

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

The market encompasses various professional services, including consulting, migration, training, and support. The services segment experiences significant growth due to the increasing demand for cloud storage solutions among organizations. Consulting services are increasingly popular as businesses seek expert advice on optimizing their storage infrastructure to align with industry trends. Migration services are in high demand as companies transition their data to hybrid cloud storage, requiring specialized technical expertise to ensure secure and accurate data transfer from traditional methods. These services contribute to cost efficiency, scalability, agility, security, and business-IT collaboration for enterprises across industries, including telecommunications, healthcare, and finance. Hybrid cloud deployment models offer organizations the flexibility to combine public and private clouds, enabling customized solutions for sensitive business processes and non-critical applications. Cloud infrastructure and service models cater to organizations of all sizes and verticals, enabling digital transformation, analytics, and innovation.

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The Services segment was valued at USD 29.30 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 39% to the g

The Public Cloud Infrastructure as a Service (IaaS) market is experiencing robust growth, driven by the increasing adoption of cloud computing across various industries. The market's expansion is fueled by several key factors, including the need for enhanced scalability and flexibility, cost optimization through pay-as-you-go models, and the rise of big data analytics and artificial intelligence applications demanding significant computational resources. Major players like Amazon Web Services (AWS), Microsoft Azure, Alibaba Cloud, and Google Cloud Platform (GCP) are fiercely competitive, constantly innovating and expanding their service offerings to cater to the evolving needs of businesses of all sizes. The market is segmented by deployment models (public, private, hybrid), service types (compute, storage, networking), and industry verticals (finance, healthcare, retail, etc.), each exhibiting unique growth trajectories. While geographic distribution varies, North America and Europe currently hold significant market shares, though regions like Asia-Pacific are experiencing rapid growth driven by increasing digitalization and economic expansion. The historical period (2019-2024) likely showed a strong upward trend, setting the stage for the forecast period (2025-2033). Assuming a conservative CAGR of 15% based on industry averages for IaaS, significant expansion is projected throughout the forecast period. The competitive landscape is characterized by continuous innovation in areas such as serverless computing, edge computing, and containerization. These advancements are lowering barriers to entry for smaller businesses and fueling further market growth. However, challenges remain, including concerns around data security and privacy, vendor lock-in, and the need for robust regulatory frameworks to govern the increasing reliance on cloud-based infrastructure. Furthermore, the market’s future growth will likely depend on addressing these concerns and ensuring seamless integration with existing on-premise infrastructure. The continued development and adoption of advanced technologies like AI/ML and 5G will further stimulate demand for robust and scalable IaaS solutions, thus maintaining the market's strong growth trajectory.

The public cloud application infrastructure services market is projected to be worth US$ 3,570.70 million in 2023. The market is likely to reach US$ 22,527.80 million by 2033. The market is expected to surge at a CAGR of 20.2% from 2023 to 2033.

Attributes	Key Insights
Public Cloud Application Infrastructure Services Market Estimated Size in 2023	US$ 3,570.70 million
Projected Market Value in 2033	US$ 22,527.80 million
Value-based CAGR from 2023 to 2033	20.2%

Country-wise Insights

United States	11.50%
Germany	13.40%
China	25.40%
Japan	18.20%
South Korea	15.90%

Category-wise Insights

Category	Market Share
Application Development	34.3%
Data Services	32.3%

Report Scope

Attribute	Details
Estimated Market Size in 2023	US$ 3,570.70 million
Projected Market Valuation in 2033	US$ 22,527.80 million
Value-based CAGR 2023 to 2033	20.20%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Key Market Segments Covered	Application Type Services Enterprise Size Verticals Region
Key Companies Profiled	Amazon Web Services Inc. Alphabet Inc. International Business Machines Corp. Microsoft Corporation Oracle Corp. ServiceNow Inc. Salesforce.com Inc. VMware Inc. NetSuite Inc. Red Hat Inc.

The Public Cloud Services market is experiencing robust growth, projected to reach $934.82 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 23.1% from 2025 to 2033. This expansion is driven by several factors. Firstly, the increasing adoption of cloud-based solutions by Small and Medium-sized Enterprises (SMEs) and large enterprises alike is a significant contributor. SMEs are drawn to the cost-effectiveness and scalability of cloud services, while large enterprises leverage cloud infrastructure to enhance operational efficiency and agility. Secondly, the growing demand for Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS) offerings fuels market growth. SaaS solutions, in particular, are experiencing widespread adoption across various industries due to their ease of use and accessibility. Finally, technological advancements, such as improved security measures and enhanced data analytics capabilities, further bolster market expansion. The market's competitive landscape is shaped by a mix of established players and emerging providers, each employing distinct competitive strategies to gain market share. This includes strategic partnerships, acquisitions, and the development of innovative cloud solutions catering to specific industry needs. Geographical expansion also contributes significantly to market growth. North America, particularly the United States and Canada, currently holds a substantial market share, driven by early adoption and a strong technological infrastructure. However, regions like APAC (Asia-Pacific), specifically China and India, are expected to witness rapid growth in the coming years due to increasing digitalization and government initiatives promoting cloud adoption. Europe also presents a significant market with Germany, the UK, and France as key contributors. While challenges exist, such as security concerns and data privacy regulations, the overall market outlook remains overwhelmingly positive, indicating sustained growth throughout the forecast period. The diverse range of services offered, coupled with ongoing technological advancements and increasing business demand, ensures the continued expansion of the Public Cloud Services market.

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 global Public Cloud Managed Services market is experiencing robust growth, driven by the increasing adoption of cloud computing across various sectors. The market's expansion is fueled by several key factors, including the need for enhanced scalability and flexibility, cost optimization through reduced IT infrastructure investments, and the demand for improved security and compliance. Businesses across BFSI, retail, healthcare, and manufacturing are increasingly outsourcing their IT management to specialized providers, leveraging expertise in cloud platforms like AWS, Azure, and Google Cloud. This shift is particularly pronounced in North America and Europe, regions characterized by advanced digital infrastructure and a strong emphasis on cloud-based solutions. However, the market also faces challenges, including concerns regarding data security and vendor lock-in, which are gradually being addressed through sophisticated security measures and multi-cloud strategies. The competitive landscape is highly fragmented, with numerous established players and emerging startups vying for market share. This leads to innovation and competitive pricing, benefiting end-users. Future growth will likely be shaped by the increasing adoption of AI and machine learning within managed services, the further development of serverless computing, and the continued expansion of cloud adoption in developing economies. The forecast period (2025-2033) anticipates a continued upward trajectory, with a projected Compound Annual Growth Rate (CAGR) fueling significant market expansion. This growth will be further segmented by cloud platform (AWS, Azure, Google Cloud, Oracle Cloud, and Others) and industry vertical (BFSI, Retail, Healthcare, Manufacturing, etc.), reflecting diverse application needs and technological preferences. The increasing complexity of managing hybrid and multi-cloud environments will further fuel demand for specialized managed services expertise. While geographical distribution varies, North America and Europe are expected to maintain substantial market share, driven by strong existing digital infrastructure and high technology adoption rates. However, significant growth opportunities exist in emerging markets in Asia-Pacific and MEA regions, where cloud adoption is rapidly accelerating. Ultimately, the success of individual players will depend on their ability to provide comprehensive solutions, superior security capabilities, and cost-effective pricing models tailored to specific business needs.

Europe Multi Cloud Storage Market will be USD 7444.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031. Growth fueled by stringent data protection regulations and widespread digital transformation initiatives is expected to aid the sales to USD 21404.8 million by 2031

The Europe Big Data as a Service Market would witness market growth of 19.1% CAGR during the forecast period (2024-2031). The Germany market dominated the Europe Big Data as a Service Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value