October 26, 2021

Europe Cloud Computing Market to be Driven by Technological Advancements and Rising Demand from Consumers in the Forecast Period of 2021-2026

6 min read
Europe Cloud Computing Market

The new report by Expert Market Research titled, ‘Europe Cloud Computing Market Report and Forecast 2021-2026’, gives an in-depth analysis of the  Europe Cloud Computing Market, assessing the market based on its segments like service type, organisation type, deployment model, application, and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/europe-cloud-computing-market/requestsample

The key highlights of the report include:

Market Overview (2015-2026)

  • Forecast CAGR (2021-2026): 9.0%
  • Forecast Market Size (2026): USD 68.8 billion

The Europe Cloud Computing Market has grown in the historical period, owing to technological advancements in cloud computing apparatus, both hardware and software, fueled by growing preference of consumers for this market.

Industry Definition and Major Segments

Cloud computing is the on-demand delivery of computing resources like as storage, servers, apps, and networking over the internet to enable faster innovation and economies of scale. Customers prefer cloud computing to traditional on-premise deployments because it allows them to pay directly for the resources they require while also allowing them to manage their technology more effectively. Its market is further divided into segments such as:

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/europe-cloud-computing-market

Based on service type, the market is divided into:

With regards to organisation type, the market is bifurcated into:

  • Large Enterprises
  • SMEs

On the basis of deployment model, the market is segmented into:

  • Public
  • Private
  • Hybrid

By application, the market is segregated into:

  • IT and Telecom
  • BFSI
  • Retail
  • Healthcare
  • Government and Public Sector
  • Manufacturing
  • Education

The regional market for Cloud Computing includes:

  • United Kingdom
  • Germany
  • France
  • Italy

Market Trends

Globally, the UK secured a significant market share in 2020 as a result of strong government initiatives and a high rate of cloud adoption by UK firms. The UK government has made significant investments in cloud computing, more than doubling its spending in the last five years. In Germany, the SaaS service segment is expected to gain significant market share, owing to its increased acceptance among SMEs. Rising demand for Customer Relationship Management (CRM) software is also assisting in the development of the SaaS model in Europe’s cloud computing market. Because of low subscription prices and hardware independence, SaaS has become a feasible solution for small and medium-sized businesses with limited financial resources. In France, SME firms are positioned to experience strong expansion, fueled by the cost-effectiveness of cloud deployment strategies. The increased knowledge among SMEs about the various benefits of cloud computing, such as remote computing, lower costs, and the availability of on-demand computing resources, is propelling the country’s market expansion. In Italy, the hybrid cloud deployment paradigm is expected to increase significantly, owing to the combined benefits of scalability and data security. Enterprises can use a hybrid cloud approach in which data is stored in a private cloud and computational resources are provided by a public cloud. This offers great performance and solid security without the need for capital investment or IT equipment.

In the European cloud computing sector, large organisations will witness an increase in the use of on-demand computing services to speed up the supply of IT services. Large corporations utilised these facilities even more than small enterprises, preserving market stability and obtaining a strategic advantage over competitors. The increased consumer desire for cloud computing to replace old, on-premise infrastructure has also fuelled cloud computing adoption in large companies. The consistent acceptance of cloud computing platforms to reduce IT infrastructure purchase and maintenance costs, as well as the rapid expansion of global cloud suppliers within European countries, are driving the cloud computing market’s growth, in the forecast period.

Key Market Players

The major players in the global market are Oracle Corporation, SAP SE, RheoCube, StorageOS, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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