- Market
Cloud computing
- Region
Europe
- Growth
- Risks
Fragmented regulatory landscape, data localization requirements, and economic headwinds may constrain growth.
- Drivers
GDPR-driven cloud compliance, public sector digitalization, and multi-cloud strategies accelerate adoption.
- CAGR 2019 2024
18.1
- CAGR 2024 2030 Base
17.2
- CAGR 2024 2030 Downside
12
- Distribution
- Share
27
- Market Size
183000000000
- Footnotes
- line1
1) Market size includes IaaS, PaaS, and SaaS; 2) Base case assumes continued enterprise migration and AI adoption; downside reflects macro and regulatory headwinds.
- line2
Regional splits based on current FX and public cloud provider disclosures; projections consider digitalization, regulatory, and infrastructure trends.
- source
Askpot AI Analysis Report 2025
Cloud computing — Europe market analysis
The global cloud computing market is experiencing sustained double-digit growth, propelled by enterprise digital transformation, AI/ML workloads, and migration from on-premise infrastructure. Core segments include infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS), with hyperscalers and regional providers competing for share. The market is characterized by rapid innovation, evolving regulatory frameworks, and intensifying demand for scalable, secure, and cost-efficient IT solutions.