The Europe Cloud Sustainability Market would witness market growth of 18.7% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cloud Sustainability Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,860.8 million by 2031. The UK market is exhibiting a CAGR of 17.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 19.6% during (2024 - 2031).
Sustainable software engineering involves designing and developing software that minimizes resource consumption and maximizes efficiency. These solutions support this by providing tools and frameworks for writing energy-efficient code, optimizing algorithms, and reducing the computational power needed for software applications. Smart energy management systems use advanced analytics and IoT technologies to optimize energy use in cloud infrastructure. These systems monitor real-time energy consumption, predict demand, and adjust operations to enhance efficiency. Integrating AI and machine learning enables proactive energy management and reduces energy use.
The adoption of these solutions has been accelerating as organizations recognize the importance of reducing their environmental impact. Organizations increasingly adopt these solutions for their broader corporate sustainability goals. By integrating these solutions with their environmental strategies, companies align their cloud operations with overall sustainability objectives, demonstrating commitment to reducing carbon footprints and enhancing resource efficiency.
The UK Climate Change Act, amended to include more ambitious targets, mandates a significant reduction in greenhouse gas emissions. This legislation drives cloud service providers and ICT infrastructure operators to adopt more sustainable practices to comply with the Act’s requirements, thus boosting demand for these solutions. New regulations require large organizations to report on their environmental impact, including energy use and carbon emissions. This regulatory requirement drives the adoption of cloud sustainability solutions, as companies need to implement measures to track, manage, and reduce their environmental footprint in line with government reporting standards. The UK government supports the development of green data centers through various initiatives and incentives. This includes funding for research into energy-efficient technologies and subsidies for building data centers that use renewable energy sources. As a result, cloud service providers are increasingly adopting sustainable practices to align with these government-supported developments. Therefore, rising businesses using cloud computing and increasing government initiatives to achieve net-zero carbon emissions are propelling the market’s growth.
Free Valuable Insights: The Global Cloud Sustainability Market will Hit USD 96.1 Billion by 2031, at a CAGR of 18.9%
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Solution, the market is segmented into Energy-efficient Infrastructure, Sustainable Cloud Platforms, Green Software Solutions, and Carbon Management Solutions. Based on Service Model, the market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Other Service Model. Based on End Use, the market is segmented into IT & Telecom, Banking, Financial Services, & Insurance (BFSI), Manufacturing, Retail and E-commerce, Healthcare, and Other End Use. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Enterprise Size
By Solution
By Service Model
By End Use
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 