Italy Cloud Computing Market | Analysis 2019-2031

ITALY CLOUD COMPUTING INDUSTRY SNAPSHOT

• The cloud computing market in Italy is poised for robust growth in the foreseeable future, with a projected Compound Annual Growth Rate (CAGR) of 7.93% from 2023 to 2031, generating market value of US$ 17.35 billion by 2031.
• Within the Italy cloud computing market, the software as a service (SaaS) segment is anticipated to emerge as the largest compared to various segments, constituting 54.02% share in 2024.
• Throughout the forecast period, the IT and Telecom sector is expected to maintain its dominance in the market across end users, with 34.11% market share in 2024.
• To summarize, the provided data highlights the promising potential of Italy’s cloud computing market, indicating healthy growth in the years ahead.

ITALY CLOUD COMPUTING INDUSTRY SCENARIO, TRENDS, AND DEVELOPMENTS

Cloud computing has undeniably reached a mainstream deployment status within the Italy market. As per the recent findings outlined in our research study, over 80% of organizations have formally adopted at least one cloud-based service through their IT function. Furthermore, satisfaction levels with the utilization of cloud solutions remain notably high, with over 90% percent of users expressing satisfaction with their decision to deploy a cloud service. Such a positive factor is anticipated to boost growth of the Italy cloud computing market during the projection period. Further, in terms of future growth prospects, the outlook for cloud services in Italy appears promising. Most existing cloud service users, accounting for around 80%, are likely to expand the implementation of cloud solutions within their respective businesses over the upcoming 12-month period. This, in turn, is expected to drive the Italy cloud computing market growth in the coming years.
 

Italy is witnessing a notable uptake in cloud computing technologies, which is acting as a key driver for advancing the country's digital transformation efforts. This transition spans across various sectors, including state agencies and small to medium enterprises (SMEs), which play a vital role in the country’s economic ecosystem. In line with this trend, Thales Italy has recently joined the CSA Italian initiative, a part of a non-profit CSA US organization, aimed at empowering Italian organizations to embrace cloud technology swiftly and securely. Simultaneously, end-user enterprises and government authorities in the country are concentrating on establishing a cloud-based storage system for storing sensitive state data, thereby boosting the progress of the Italy cloud computing market. Further, we have identified few other major developments and trends in the Italy cloud computing industry given below.
 

• The Italian government allocated approximately 1.9 billion euros to facilitate the online transition of public administration data and services over the next five years. This initiative is part of a broader plan financed through European Union funds, aimed at stimulating economic recovery from the impact of the pandemic.
   
• In September, 2023, Qualys, Inc., a leading cloud service provider, revealed its plans to open a novel Shared Cloud Platform (SCP) in Italy to host its cyber risk management portfolio. Aligned with Italy's National Cybersecurity Perimeter (NCSP) cloud strategy, the new shared platform enabled Qualys customers in Italy to fulfill privacy requirements by storing their data locally.
   
• In June 2023, Microsoft announced plans to set up a cloud region in Italy. The availability of cloud region enabled Italian organizations access to scalable, resilient, and readily available cloud services, underscoring Microsoft's commitment to driving digital transformation and sustainable innovation nationwide. Located in the Lombardy region, the new cloud region comprised three state-of-the-art data centers, ensuring the highest standards of security, privacy, and performance.

ITALY CLOUD COMPUTING MARKET COVERAGE