Europe Hybrid Cloud Market Size, Share & Trends Analysis Report By Component (Solution and Services), By Enterprise Size, By Service Model, By Industry Vertical, By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The Europe Hybrid Cloud Market would witness market growth of 16.3% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Hybrid Cloud Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $20,030.7 million by 2031. The UK market is exhibiting a CAGR of 15.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 17.3% during (2024 - 2031).

A hybrid cloud facilitates the creation of hybrid development environments where developers can use cloud resources for testing and staging while keeping production environments on-premises. This separation improves development efficiency and security.

Moreover, Continuous Integration/Continuous Deployment (CI/CD) pipelines can be scaled using hybrid cloud resources. This scalability expedites the software development lifecycle, enabling the rapid deployment and iteration of new features.

As European enterprises adopt cloud technologies, they often choose hybrid cloud solutions to combine the benefits of both public and private clouds. This trend drives the demand for hybrid cloud services across Europe, allowing businesses to leverage the flexibility of public clouds while retaining sensitive data on private clouds. In 2023, 45.2% of EU enterprises purchased cloud computing services (i.e., services used over the internet to access software, computing power, storage capacity, etc.). This marks a 4.2% (pp) increase compared with 2021. The adoption of cloud technologies by enterprises in Europe accelerates their digital transformation efforts.

Free Valuable Insights: The Global Hybrid Cloud Market will Hit USD 309.1 Billion by 2031, at a CAGR of 16.7%

Based on Component, the market is segmented into Solution and Services. Based on Enterprise Size, the market is segmented into Small & Medium-sized Enterprises and Large Enterprises. Based on Service Model, the market is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail, Government, Media & Entertainment, Transportation & Logistics, Manufacturing, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Microsoft Corporation
• Google LLC
• IBM Corporation
• Oracle Corporation
• SAP SE
• Salesforce, Inc.
• Dell Technologies, Inc.
• Equinix, Inc.
• Nutanix, Inc.

Europe Hybrid Cloud Market Report Segmentation

By Component

• Solution
• Services

By Enterprise Size

• Small & Medium-sized Enterprises
• Large Enterprises

By Service Model

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

By Industry Vertical

• BFSI
• IT & Telecom
• Healthcare
• Retail
• Government
• Media & Entertainment
• Transportation & Logistics
• Manufacturing
• Others

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe