Europe Cloud Computing Market will observe substantial demand from 2019 to 2026

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Europe Cloud Computing Market Is Estimated To
Exceed 75 Billion Through 2026 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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• Europe Cloud Computing Market Scenario

• As per a recent research report by Global Market
  Insights, Inc., Europe cloud computing market is
  estimated to exceed 75 billion through 2026.
• Europe cloud computing market is set to record
  momentous growth on account of rapid expansion of
  cloud services vendors in the region. Citing an
  instance, in December 2018, AWS opened three data
  new centers in Sweden, increasing the regional
  availability of AWS in the country.
• Additionally, another factor supporting industry
  expansion is the increasing adoption of cloud
  computing platforms. Companies in the region are
  making efforts to lower the costs associated with
  the acquisition and maintenance of IT
  infrastructure by moving to the cloud.

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Regional Analysis Of Europe Cloud Computing
Market

• In 2018, Germany held a considerable market share
  of more than 18 of the Europe cloud computing
  market. The country is projected to witness
  higher growth over the forthcoming years due to
  increasing cloud adoption by the countrys
  automotive industry for smart manufacturing.
• Germany and France are increasingly working for
  this initiative. In fact, in October 2019, France
  and Germany together launched a new project
  called Gaia-X. This project intends to innovate a
  safe and secure data infrastructure for Europe.
  It would provide a sovereign platform to offer
  cloud computing services across Europe and lower
  the regions reliance on American cloud
  providers. In fact, this move is expected to
  further reduce the dominance of U.S cloud
  companies in the region.

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• Application Analysis Of Europe Cloud Computing
  Market
• The mounting use of the IaaS model to manage the
  website traffic is the major factor pushing the
  retail sector of application segment. The demand
  to deliver a smooth shopping experience on
  smartphones is likely to add up to the market
  outlook.
• With respect to application segment, the
  government sector is anticipated to majorly
  influence the market share between 2019-2026. The
  European government is increasingly taking new
  initiatives to promote adoption of cloud across
  enterprises. In fact, in February 2019, OCRE
  (Open Clouds for Research Environments), an
  EU-funded project unveiled a new tender to
  promote cloud adoption. The core objective of
  this tender was to boost cloud adoption through
  EOSC (European Open Science Cloud).

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Competitive Market Share Of Europe Cloud
Computing Market

• Some of the prominent players present in Europe
  cloud computing market include BP, Shell,
  Gazprom, Chevron, IOCL and Reliance Petroleum.
  Companies in this industry are focusing on
  signing strategic deals and forming lucrative
  partnerships to help progress business reach.
• Taking November 2019 for instance, BP inked a
  technical services deal with Sonangol that
  focused on developing its business in Angola.
  Thus, with proliferation in the global tourism
  industry and rise in demand for long-haul
  business jets, the Europe cloud computing market
  is anticipated to accrue sizable growth in the
  coming years.

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cloud computing market _at_ https//www.gminsights.co
m/industry-analysis/europe-cloud-computing-market
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