Europe Cloud Computing Market is expected to witness significant to 2026

1. Europe Cloud Computing Market Is Estimated To Exceed $75 Billion Through 2026: Global Market Insights, Inc. Fuel Cell Market size worth $25.5bn by 2024

2. Europe Cloud Computing Market Scenario: • As per a recent research report by Global Market Insights, Inc., Europe cloud computing market is estimated to exceed $75 billion through 2026. • Europe cloud computing market is set to record momentous growth on account of rapid expansion of cloud services vendors in the region. Citing an instance, in December 2018, AWS opened three data new centers in Sweden, increasing the regional availability of AWS in the country. • Additionally, another factor supporting industry expansion is the increasing adoption of cloud computing platforms. Companies in the region are making efforts to lower the costs associated with the acquisition and maintenance of IT infrastructure by moving to the cloud. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

3. Regional Analysis Of Europe Cloud Computing Market : • In 2018, Germany held a considerable market share of more than 18% of the Europe cloud computing market. The country is projected to witness higher growth over the forthcoming years due to increasing cloud adoption by the country’s automotive industry for smart manufacturing. • Germany and France are increasingly working for this initiative. In fact, in October 2019, France and Germany together launched a new project called Gaia-X. This project intends to innovate a safe and secure data infrastructure for Europe. It would provide a sovereign platform to offer cloud computing services across Europe and lower the region’s reliance on American cloud providers. In fact, this move is expected to further reduce the dominance of U.S cloud companies in the region.

4. Application Analysis Of Europe Cloud Computing Market : • The mounting use of the IaaS model to manage the website traffic is the major factor pushing the retail sector of application segment. The demand to deliver a smooth shopping experience on smartphones is likely to add up to the market outlook. • With respect to application segment, the government sector is anticipated to majorly influence the market share between 2019-2026. The European government is increasingly taking new initiatives to promote adoption of cloud across enterprises. In fact, in February 2019, OCRE (Open Clouds for Research Environments), an EU-funded project unveiled a new tender to promote cloud adoption. The core objective of this tender was to boost cloud adoption through EOSC (European Open Science Cloud).

5. Competitive Market Share Of Europe Cloud Computing Market : • Some of the prominent players present in Europe cloud computing market include BP, Shell, Gazprom, Chevron, IOCL and Reliance Petroleum. Companies in this industry are focusing on signing strategic deals and forming lucrative partnerships to help progress business reach. • Taking November 2019 for instance, BP inked a technical services deal with Sonangol that focused on developing its business in Angola. Thus, with proliferation in the global tourism industry and rise in demand for long-haul business jets, the Europe cloud computing market is anticipated to accrue sizable growth in the coming years.

6. Browse Full Market Research Report On Europe cloud computing market@ https://www.gminsights.com/industry-analysis/europe-cloud-computing-market Request for Sample Report Copy @ https://www.gminsights.com/request-sample/detail/2902

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