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