France Cloud Computing Market | Analysis 2019-2031

FRANCE CLOUD COMPUTING INDUSTRY SNAPSHOT

• Projections indicate that revenue in the France cloud computing market will attain US$ 17.00 billion by the conclusion of 2024.
• The revenue growth within the cloud computing market in France is anticipated to demonstrate a Compound Annual Growth Rate (CAGR) of 7.81% during the forecast period (2023-2031), reaching US$ 27.11 billion by 2031.
• Within the service models segment, the Software as a Service (SaaS) segment is expected to maintain dominance in 2024, capturing 49.00% market share.
• By 2031, in France cloud computing market, 33.26% of the total revenue is predicted to be generated through IT and Telecom end user.

FRANCE CLOUD COMPUTING INDUSTRY SCENARIO, TRENDS, AND DEVELOPMENTS

Cloud computing has emerged as a driving force behind EU’s digital transformation efforts, and France is actively embracing this trend. With digital transformation initiatives on the rise across the country, cloud services are becoming essential for businesses of all sizes and sectors. This trend is driving the France cloud computing market growth. Further, the significant investments by the French government in the cloud arena highlight the pivotal role of cloud technology in fostering the growth of the country's digital economy. To boost cloud infrastructure in the country the French Government invested a substantial amount worth €1.8 billion in the cloud industry in 2021. This initiative was aimed at strengthening the France cloud computing market ecosystem that comprises international and local cloud service providers. The French cloud computing industry landscape is evolving through strategic partnerships between regional providers such as Equinix, OVHcloud, and Dassault Systemes, and international giants like Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure. Such collaborations are aimed at bolstering the country’s cloud infrastructure capabilities and supporting digital transformation initiatives.
 

In the recent past, in France, there has been a significant surge in demand for digital services, accompanied by a rapid increase in the number of companies venturing into online sales. Additionally, public agencies and government organizations are embracing advanced technologies to cater to the heightened demand for online services from citizens. Emerging trends like these are opening opportunity windows for prominent cloud service providers operating in the France cloud computing market. This is propelling the growth of the France cloud computing market. However, the cost efficiency, scalability, and security capabilities of cloud models are indispensable requirements for organizations of all sizes including private enterprises, nonprofit organizations, and public sector entities functional across various industries.
 

Some of the key factors driving the France cloud computing market growth are the introduction of favorable government initiatives, scalability and flexibility, and the emergence of remote work trends. In contrast, challenges associated with legacy system integration, data security concerns, vendor lock-in period, and shortage of skilled workforce is anticipated to imped growth of the France cloud computing market during the forecast period. However, as end-user organizations increasingly rely on cloud services to power their operations, key players have the opportunity to capitalize on this trend by offering comprehensive cloud solutions that address the evolving needs of customers. Other major developments and trends observed in the France cloud computing market are explained below.
 

• According to Minister for Digital Affairs France, the country has selected 23 research and development projects including digital transformation and cloud adoption with public funding exceeding €421 million.
   
• In October 2021, Thales, a prominent defense company in France, entered a partnership with Google to avail secure cloud services. This collaboration aimed at utilizing state-approved cloud computing solutions specifically designed for storing the country’s highly sensitive data. Also, the French government has indicated its willingness to utilize cloud computing services from global giants like Google and Microsoft for storing sensitive state and corporate data, provided these services are licensed to French entities.
   
• In a significant move towards cloud adoption, Atos, a prominent technology firm based in France, selected Amazon Web Services (AWS) as its preferred partner. This strategic alliance allowed AWS to access Atos' vast customer network comprising over 800 infrastructure services clients globally. Moreover, as part of the collaboration, Atos plans to train 20,000 of its employees on AWS technology, signaling a strong commitment to harnessing cloud solutions and enhancing technical expertise within the organization.

FRANCE CLOUD COMPUTING MARKET COVERAGE