Western Europe Cloud Computing Market by Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Enterprise Size (Startups & Small Businesses, Mid-Sized Companies, Large Enterprises), Subscription Model (On-Demand Subscription, Committed Use Subscription, Package Subscription, Hybrid Subscription), End User (IT and Telecom, Media and Entertainment, Energy and Power, Transportation and Logistics, Healthcare, BFSI, Retail, Manufacturing, Government, Education, and Others) – Industry Analysis, Size and Forecast, 2019-2031

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WESTERN EUROPE CLOUD COMPUTING INDUSTRY SNAPSHOT

In 2023, the Western Europe cloud computing market was valued at US$ 130.89 billion, which is estimated to increase to US$146.60 billion in 2024 reflecting a year-on-year growth rate of 12.00%.
By the end of 2031, the Western Europe cloud computing market is forecast to reach US$ 254.57 billion, registering a CAGR of 8.67% during the forecast period.
In 2024, the Software as a Service (SaaS) is likely to be the largest segment, with 54.46% market share and to be valued at US$ 146.60.
In terms of spending on cloud computing solutions and services, IT and Telecom sector dominated the Western Europe cloud computing market in 2023.

Analysis Period	2019 – 2031
Actual Data	2019 – 2022
Base Year	2022
Estimated Year	2023
CAGR Period	2023 – 2031
Research Scope
Service Model	Infrastructure as a Service (IaaS) Platform as a Service (PaaS) Software as a Service (SaaS)
Deployment Model	Public Cloud Private Cloud Hybrid Clou
Subscription Model	On-Demand Subscription Committed Use Subscription Package Subscription Hybrid Subscription
Enterprise Size	Startups & Small Businesses (1-50 employees) Mid-Sized Companies (51-250 employees) Large Enterprises (251+ employees)
End User	IT and Telecom Media and Entertainment Energy and Power Transportation and Logistics Healthcare BFSI Retail Manufacturing Government Education
Countries Covered	United Kingdom Germany France Italy Spain Benelux NORDICS Rest of Western Europe

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