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Europe Cloud Computing Market

Europe Cloud Computing Market Size, Share, Trends: By Service Type: Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS); By Deployment Model: Public Model, Private Cloud, Hybrid Cloud; By Organisation Type; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Europe Cloud Computing Market Outlook

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% in the forecast period of 2024-2032 to reach a value of approximately USD 115.38 billion by 2032.     

 

Europe Cloud Computing Market

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Rising Consumer Demand Boosting the Cloud Computing Industry Growth

Large companies will see a surge in the usage of on-demand computing services to speed up the delivery of IT services in the European cloud computing sector. According to the European Commission, cloud computing was used by 26% of EU companies in 2018, mainly for e-mail and file storage. Large companies used these facilities even more than small businesses, maintaining market stability and gaining a strategic advantage over rivals. The growing consumer demand for replacing legacy, on-premise infrastructure has also fueled the adoption of cloud computing in large enterprises. The steady adoption of cloud computing platforms to minimise IT infrastructure procurement and maintenance costs, as well as the rapid expansion of global cloud vendors within European countries, are driving the growth of the cloud computing market in Europe.

 

Cloud Computing:  Industry Definition and Segmentation

Cloud computing refers to the on-demand distribution of computing resources over the internet, such as storage, servers, applications, and networking, to allow quicker innovation and economies of scale. Customers prefer cloud computing over conventional on-premise deployments because it helps them to pay directly for the resources they need and handle their technology more effectively. The widespread acceptance of cloud computing services, especially public cloud, would result in a rise in Europe's cloud computing market share.

 

Europe Cloud Computing Market

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Based on service type,  the market is divided into:

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

With regards to organisation type, the market is bifurcated into:

  • Large Enterprises
  • SMEs

On the basis of deployment model, the market is segmented into:

  • Public
  • Private
  • Hybrid

By application, the market is segregated into:

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

The regional markets for the product include the United Kingdom, Germany, France, and Italy, among others.

 

Europe Cloud Computing Market

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Rising Adoption of SaaS Segment Fostering the Growth of Europe Cloud Computing Industry

Due to the widespread adoption of SaaS services, the SaaS segment accounted for a significant percentage of the European cloud computing industry in 2018 and is projected to retain its leading market revenue share by 2026. SaaS (Software as a Service) is a software licensing model that involves the distribution of centrally hosted software on a subscription basis. The growing demand for Customer Relationship Management (CRM), Accounting Management (AM), and Enterprise Resource Planning (ERP) tools has fueled the growth of SaaS portals, which enable users to link to applications through the internet. The market for these platforms is expected to increase as the underlying infrastructure is operated by a service provider, and customers will scale up or down depending on their app use. The aforementioned factors are expected to boost the market growth of cloud computing in Europe over the forecast period.

 

Key Industry Players in the Europe Cloud Computing Market

The report gives a detailed analysis of the following key players in the Europe cloud computing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Oracle Corporation
  • SAP SE
  • RheoCube
  • StorageOS
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Service Type
  • Deployment Model
  • Organisation Type
  • Application
  • Region
Breakup by Service Type
  • Software-as-a-Service (SaaS)
  • Infrastructure-as-a-Service (IaaS)
  • Platform-as-a-Service (PaaS)
Breakup by Deployment Model
  • Public Model
  • Private Cloud
  • Hybrid Cloud
Breakup by Organisation Type
  • Large Enterprises
  • SMEs
Breakup by Application
  • IT and Telecom
  • BFSI
  • Retail
  • Healthcare
  • Government and Public Sector
  • Manufacturing
  • Education
  • Others
Breakup by Region
  • United Kingdom
  • Germany
  • France
  • Italy
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Oracle Corporation
  • SAP SE
  • RheoCube
  • StorageOS
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Europe
7    Opportunities and Challenges in the Market
8    Europe Cloud Computing Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Cloud Computing Historical Market (2018-2023) 
    8.3    Europe Cloud Computing Market Forecast (2024-2032)
    8.4    Europe Cloud Computing Market by Service Type
        8.4.1    Software-as-a-Service (SaaS)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Infrastructure-as-a-Service (IaaS)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Platform-as-a-Service (PaaS)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Europe Cloud Computing Market by Deployment Model
        8.5.1    Public Model
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Private Cloud
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Hybrid Cloud
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Europe Cloud Computing Market by Organisation Type
        8.6.1    Large Enterprises
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    SMEs
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Europe Cloud Computing Market by Application
        8.7.1    IT and Telecom
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    BFSI 
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Retail
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Healthcare
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Government and Public Sector
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Manufacturing 
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Education
            8.7.7.1    Historical Trend (2018-2023)
            8.7.7.2    Forecast Trend (2024-2032)
        8.7.8    Others
    8.8    Europe Cloud Computing Market by Countries
        8.8.1    United Kingdom
        8.8.2    Germany
        8.8.3    France
        8.8.4    Italy
        8.8.5    Others
9    Regional Analysis
    9.1    United Kingdom
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Germany
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    France
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Italy
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Oracle Corporation 
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    SAP SE
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    RheoCube
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    StorageOS
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Europe Cloud Computing Market: Key Industry Highlights, 2018 and 2032
2.    Europe Cloud Computing Historical Market: Breakup by Service Type (USD Billion), 2018-2023
3.    Europe Cloud Computing Market Forecast: Breakup by Service Type (USD Billion), 2024-2032
4.    Europe Cloud Computing Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
5.    Europe Cloud Computing Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
6.    Europe Cloud Computing Historical Market: Breakup by Organisation Type (USD Billion), 2018-2023
7.    Europe Cloud Computing Market Forecast: Breakup by Organisation Type (USD Billion), 2024-2032
8.    Europe Cloud Computing Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Europe Cloud Computing Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Europe Cloud Computing Historical Market: Breakup by Countries (USD Billion), 2018-2023
11.    Europe Cloud Computing Market Forecast: Breakup by Countries (USD Billion), 2024-2032
12.    Europe Cloud Computing Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 115.38 billion by 2032.     

The major drivers of the market include the increasing consumer demand, steady adoption of cloud computing platforms, increasing demand for digital transformation of various industries, and growing awareness across SMEs.

The rising adoption of SaaS segment and rapid expansion of global cloud vendors are the key trends propelling the market's growth.

The major countries in the cloud computing market in Europe are United Kingdom, Germany, France, and Italy.

Software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS) are the primary service types in the market.

The different organisation types in the market are large enterprises and SMEs.

The various deployment models in the market are public model, private cloud, and hybrid cloud.

The major applications in the market are IT and telecom, BFSI, retail, healthcare, government and public sector, manufacturing, and education, among others.

The major players in the Europe cloud computing market are Oracle Corporation, SAP SE, RheoCube, and StorageOS, among others.

Analyst Review

The Europe cloud computing market is driven by the rising adoption of SaaS segment. Aided by increasing consumer demand and steady adoption of cloud computing platforms, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 9%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS) are the service types in the market. Based on organisation type, the market is bifurcated into large enterprises and SMEs. On the basis of deployment model, the market is segmented into public, private, and hybrid. The major applications in the market are IT and telecom, BFSI, retail, healthcare, government and public sector, manufacturing, and education, among others. The major regional markets for cloud computing market are United Kingdom, Germany, France, and Italy, among others. The major players in the industry are Oracle Corporation, SAP SE, RheoCube, and StorageOS, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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