Europe Cloud Computing Market Growth Potential & Forecast, 2032

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Europe Cloud Computing Market Analysis,
Opportunities And Forecast To 2032
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• Industry Insights

• As per a recent research report, Europe Cloud
  Computing Market share is likely to surpass USD
  650 billion valuation by 2032
• The Europe cloud computing market is slated to
  showcase steady growth through 2032 owing to the
  introduction of the hybrid cloud model which has
  in turn caused a dramatic surge in the
  implementation of cloud-based solutions.
• The top businesses, including AWS, IBM,
  Microsoft, and Google, control the majority of
  the cloud computing market in Europe. To increase
  their market share in the region, the companies
  who are active in the sector are implementing
  methods including acquisitions and geographic
  growth. For example, IBM Corporation took over
  Nordcloud, a renowned European cloud service
  company, in December 2021 to enhance its hybrid
  cloud applications.

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• Based on service, the platform-as-a-service
  segment is expected to grow at 30 CAGR from 2023
  to 2032. The extensive usage of PaaS in the
  creation and deployment of additional cloud
  applications has bolstered the market growth.
  Businesses are utilizing the top-notch
  development tools provided by PaaS for affordable
  app development. The use of the PaaS model for
  effective and speedy app designing, permitting
  scalability, and cost-effectiveness will be
  prompted by the growing use of mobile apps for
  businesses in Europe.
• In terms of organization size, the SMEs segment
  is anticipated to attain high gains over the
  review period as a result of the increased
  adoption of cloud technology by SMEs for
  enhancing company capabilities. The increased
  popularity of cloud-based file storage options
  among these enterprises will also contribute to
  the expansion of cloud computing services in the
  EU market.

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• Regional Analysis

• With respect to application, the government
  public sector segment is speculated to grow
  positively through the forecast years. Cloud
  computing has become a crucial tactic for
  government organizations, with a heavy focus on
  increasing efficiency and lowering expenses.
  Besides, the private cloud segment is witnessing
  significant appeal among EU government entities
  credited to its extremely safe and dependable
  data method.
• From the regional outlook, the Spain cloud
  computing market is poised to grow at over 25
  CAGR from 2023 to 2032. The uptake of cloud
  computing services in Spain has been fueled by
  the availability of a highly skilled ICT
  workforce and the rising popularity of cloud
  computing platforms among Spanish businesses
  looking to cut costs on IT infrastructure.

• Competitive Analysis

• AWS,
• Google
• Microsoft
• Fujitsu
• IBM

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