Spain Cloud Computing Market | Analysis 2019-2032

Spain Cloud Computing Market by Service Model, Deployment Model, Subscription Model, Enterprise Size, End User – Industry Analysis, Size and Forecast, 2019-2032

Report Format:     | Pages: 110+
Type: Parent Industry Monitor | ID: CCT1549  | Publication: June 2024  |  US$925  |  

Spain Cloud Computing Market Growth and Performance


  • By the end of 2024, end user spending in the Spain cloud computing market size increased to 9.86 billion.
  • The market in Spain is expected to achieve US$ 20.12 billion by 2031, showcasing a Compound Annual Growth Rate (CAGR) of 11.29%.

Spain Cloud Computing Industry Scenario, Trends, and Developments

Cloud technology in Spain is becoming integral to the success of modern business models, facilitating the development of new ventures, and enhancing innovation across enterprises of varying sizes. Given its pivotal role, supporting the development of new players offering cloud services, and boosting the expansion of existing ones is imperative. Further, to achieve this Spanish government is focused towards introducing favorable initiatives aimed at cultivating a dynamic digital ecosystem and encouraging a more equitable competitive landscape. To drive the growth of Spain cloud computing market government is actively addressing the demands and complexities of the digital landscape through various initiatives outlined in the "Digital Spain 2025" roadmap. A key focus within this framework is the enhancement of digitalization efforts within public administrations, a crucial step towards development of a dynamic digital industry. Such favorable government initiatives are projected to fuel the growth of the Spain cloud computing market over the forecast period.
 

The cloud computing market in Spain is expected to continue to progress as end user organizations increasingly recognize the benefits of cloud adoption, including cost savings, scalability, flexibility, and innovation. Further, emerging technologies such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), and edge computing are expected to further drive the adoption of cloud services in Spain, enabling businesses to harness the power of data and drive digital transformation initiatives. This, in turn, is projected to propel growth of the Spain cloud computing industry. However, concerns related to data privacy and security, and regulatory issues are anticipated to hamper the growth of the Spain cloud computing market. Major vendors play a crucial role in the Spain cloud computing industry are focused on expanding their regional presence through various strategic moves. Further, below are some of the Spain cloud computing market developments:
 

  • In September, 2023, Qualys, Inc., a leading cloud service provider, revealed its plans to open a novel Shared Cloud Platform (SCP) in Spain to host its cyber risk management portfolio. Aligned with Spain's National Cybersecurity Perimeter (NCSP) cloud strategy, the new shared platform enabled Qualys customers in Spain to fulfill privacy requirements by storing their data locally.
     
  • In June 2023, Microsoft opened a cloud region in Spain. 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.

Spain Cloud Computing Market Scope

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