Europe Community Cloud Market Size, Share & Trends Analysis Report By Component, By Application (Cloud-based Storage, Cloud Backup & Recovery, Cloud Security & Data Privacy, and Others), By End-use, By Country and Growth Forecast, 2024 - 2031

Europe Community Cloud Market Size, Share & Trends Analysis Report By Component, By Application (Cloud-based Storage, Cloud Backup & Recovery, Cloud Security & Data Privacy, and Others), By End-use, By Country and Growth Forecast, 2024 - 2031

The Europe Community Cloud Market would witness market growth of 28.5% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Community Cloud Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,923.7 million by 2031. The UK market is exhibiting a CAGR of 27.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 29.5% during (2024 - 2031).

The market is pivotal in the ever-evolving digital engagement landscape. It offers organizations a transformative platform to foster dynamic online communities tailored to their unique needs and objectives. In an era of connectivity, collaboration, and customer-centricity.

Moreover, the market serves as a beacon of innovation, empowering businesses to transcend traditional boundaries and cultivate vibrant ecosystems where customers, partners, and employees converge to connect, collaborate, and co-create value.

Europe has a thriving ICT ecosystem, with numerous technology companies, research institutions, and startups driving innovation in artificial intelligence, cybersecurity, IoT, and blockchain. According to Eurostat, in 2021, the value added by the EU’s ICT sector was equivalent to 5.5 % of GDP. Between 2011 and 2021, the value added by ICT services in the EU grew each year and increased by 71.1 %, while the value added by ICT manufacturing increased by 28.4 %.

Based on Component, the market is segmented into Hardware (Networking, Storage, and Server), Software (Enterprise Application Software, Business Intelligence & Dashboard, and Collaboration Tool Software), and Services. Based on Application, the market is segmented into Cloud-based Storage, Cloud Backup & Recovery, Cloud Security & Data Privacy, and Others. Based on End-use, the market is segmented into BFSI, Government, Healthcare, IT & Telecommunication, Education, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Cisco Systems, Inc.
• Hewlett Packard enterprise Company
• IBM Corporation
• Microsoft Corporation
• Salesforce, Inc.
• Akamai Technologies, Inc.
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Broadcom, Inc.
• Google LLC (Alphabet Inc.)
• Dell Technologies, Inc.

Europe Community Cloud Market Report Segmentation

By Component

• Hardware
• Networking
• Storage
• Server
• Software
• Enterprise Application Software
• Business Intelligence & Dashboard
• Collaboration Tool Software
• Services

By Application

• Cloud-based Storage
• Cloud Backup & Recovery
• Cloud Security & Data Privacy
• Others

By End-use

• BFSI
• Government
• Healthcare
• IT & Telecommunication
• Education
• Others

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe