Public Cloud - Spain

Spain

Revenue in the Public Cloud market is projected to reach US$10.10bn in 2024.
Platform as a Service dominates the market with a projected market volume of US$3.17bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.16%, resulting in a market volume of US$22.30bn by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$411.70 in 2024.
In global comparison, most revenue will be generated in the United States (US$388.50bn in 2024).

Key regions: United States, Germany, China, Japan, United Kingdom

Definition:

A public cloud is defined as the digital infrastructure and computing resources that are managed by a service provider. Examples of public cloud computing resources include virtual machines, storage, and services, all of which are available for purchase with flexible (e.g., pay as you go and subscription) business models. Such payment options make it possible for customers to access, scale, and utilize resources as needed. Public cloud solutions make it possible for users to save on IT costs, increase their efficiency, and take advantage of advanced technologies without having to invest in long-term IT solutions. Public cloud service providers own and maintain the physical infrastructure, hardware, and software. Users only need to pay for the computing resources that they require. The Public Cloud market refers to the companies that provide these cloud computing resources and services to individuals, businesses, and organizations.

Structure:

The Public Cloud market is structured into five markets based on the type of service models provided by the companies.

The Infrastructure as a Service (IaaS) market covers the resources and services related to the data center infrastructure.
The Platform as a Service (PaaS) market covers the resources and services related to the virtual environments used for software development.
The Software as a Service market (SaaS) market covers the resources and services related to software applications that can be accessed via a web browser.
The Business Process as a Service (BPaaS) market covers the resources and services related to the various business processes such as finance and accounting, human resources, customer service, and supply chain management, all delivered through the cloud.
The Desktop as a Service (DaaS) market covers the resources and services related to virtual desktop environments, which are accessible from any device with an internet connection.

Additional Information:

The public cloud market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the public cloud market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud market in Spain is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, rising awareness among consumers, and the convenience of online services. This growth is evident in all sub-markets, with considerable growth rates being influenced by factors such as the availability of advanced infrastructure, demand for cost-effective solutions, and the shift towards remote work and virtual collaboration.

Customer preferences: There has been a noticeable increase in the adoption of cloud-based solutions in Spain, driven by the country's growing tech-savvy population and the rise of digital transformation. This trend is further accelerated by the COVID-19 pandemic, which has highlighted the need for remote work and collaboration tools. Additionally, the Spanish market is seeing a shift towards more customized and personalized cloud services, catering to the unique needs and preferences of different consumer segments.

Trends in the market: In Spain, the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, with more companies adopting remote work policies and relying on digital infrastructure. This trend is expected to continue as organizations prioritize flexibility, cost-effectiveness, and scalability in their operations. Additionally, there is a growing emphasis on data privacy and security, leading to an increase in the adoption of public cloud services. This trajectory signifies a shift towards digital transformation and highlights the importance of reliable and efficient cloud solutions for businesses. Industry stakeholders can expect to see continued growth in the Public Cloud Market, with potential implications such as increased competition, innovation, and changes in business models.

Local special circumstances: In Spain, the Public Cloud market is experiencing significant growth due to the country's strong economy and advanced digital infrastructure. Additionally, the government's efforts to promote technology adoption have led to a favorable environment for cloud services. Furthermore, with a large number of small and medium-sized enterprises in Spain, there is a high demand for cost-effective and scalable cloud solutions. The country's unique cultural and regulatory landscape also plays a role, as Spanish businesses prioritize data privacy and security, leading to a preference for local cloud providers.

Underlying macroeconomic factors: The Public Cloud Market in Spain is heavily influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. Spain has a stable economy with consistent growth and a favorable regulatory environment for cloud computing. Additionally, the increasing demand for digital transformation and the adoption of new technologies by businesses is driving the growth of the public cloud market in Spain. Furthermore, the country's investment in digital infrastructure and its position as a leading destination for foreign investment are also contributing to the growth of the public cloud market.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.