The Europe Cloud Computing Market would witness market growth of 14.3% CAGR during the forecast period (2022-2028).
The value of computing technology is also anticipated to rise among organizations with the deployment of IoT, 5G, edge computing, and real-time analytics made possible by ML and AI. Since the COVID-19 pandemic broke out, both industrialized and emerging economies have seen a dramatic rise in technical development. In spite of the expanding popularity of the work-from-home model, businesses are able to maintain their business operations due to cloud computing.
Enterprises are now able to efficiently store, access, and manage vital data due to cloud computing technologies. The necessity for storing and processing massive volumes of data has dramatically expanded due to the increasing use of smartphones, computers, and the internet, allowing businesses to provide services centered on the needs of their consumers and clients.
The British government's G-Cloud aims to make it easier for public sector organizations in the United Kingdom to purchase common information technology services that make use of cloud computing. The G-Cloud includes a set of framework agreements with suppliers that allow public sector organizations to purchase services without having to conduct a full procurement process involving tenders or competition. The "Digital Marketplace" is an online marketplace that lets public sector organizations look for services that fall under the G-Cloud principles.
The Germany market dominated the Europe Cloud Computing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $71,843.9 million by 2028.The UK market is anticipated to grow at a CAGR of 13.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15.2% during (2022 - 2028).
Based on Service Type, the market is segmented into Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). Based on Deployment, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Media & Entertainment, Energy & Utilities, Healthcare, Government & Public Sector and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud Computing Market will Hit $1143.2 Billion by 2028, at a CAGR of 15%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, IBM Corporation, Oracle Corporation, Amazon.com, Inc., Microsoft Corporation, SAP SE, Salesforce.com, Inc., Adobe, Inc., Alibaba Group Holding Limited, and Workday, Inc.
By Service Type
By Deployment
By Enterprise Size
By End-use
By Country
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