Infrastructure as a Service - Europe

  • Europe
  • Revenue in the Infrastructure as a Service market is projected to reach US$34.53bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.42%, resulting in a market volume of US$83.86bn by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$82.62 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

 
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Analyst Opinion

In the Public Cloud Market in Europe, the Infrastructure as a Service Market is experiencing considerable growth. Factors such as the increasing use of digital technologies and the convenience of online services are driving this growth. Additionally, the rising health awareness among consumers is also impacting the market's growth rate.

Customer preferences:
As the public cloud market continues to grow in Europe, there is a notable increase in demand for Infrastructure as a Service (IaaS) solutions. This is driven by the growing trend of businesses migrating their operations to the cloud for greater scalability and cost efficiency. Additionally, the increasing number of remote and hybrid work arrangements has accelerated the adoption of IaaS, with businesses relying on cloud infrastructure to support their remote workforce. Moreover, the rise in data privacy concerns and regulatory compliance requirements have also led to the preference for secure and compliant IaaS solutions.

Trends in the market:
In Europe, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the rising adoption of cloud computing among businesses. Additionally, there is a growing trend towards hybrid cloud solutions, where companies use a combination of public and private cloud services to optimize their operations. This trend is significant as it allows companies to have more control over their data while still taking advantage of the scalability and cost-effectiveness of the public cloud. However, it also presents challenges for industry stakeholders, such as ensuring data security and managing the integration of multiple cloud environments. As the market continues to evolve, it is crucial for stakeholders to stay informed and adapt to these trends in order to stay competitive.

Local special circumstances:
In Europe, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the region's strict data protection laws. These regulations, such as the General Data Protection Regulation (GDPR), require companies to adhere to strict data privacy standards, leading to the adoption of secure cloud solutions. Additionally, Europe's diverse and fragmented market has led to the rise of local cloud providers catering to specific regions and industries. This has resulted in a competitive and innovative market, with a strong focus on data security and compliance.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Europe is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with supportive regulatory environments and robust investment in digital infrastructure are experiencing significant market growth compared to regions with regulatory challenges and limited funding. Moreover, the increasing adoption of cloud computing by businesses and government organizations is driving the demand for Infrastructure as a Service solutions, as it offers cost-efficiency and scalability. The growing need for digital transformation and the rise of remote work due to the COVID-19 pandemic are also contributing to the growth of the Infrastructure as a Service Market in Europe.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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