At 16.2% CAGR, Europe Distributed Cloud Market is Projected to be Worth US$ 4,447.55 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe distributed cloud market was valued at US$ 1,339.33 million in 2023 and is expected to reach US$ 4,447.55 million by 2031, registering a CAGR of 16.2% from 2023 to 2031. Increasing use of advanced technologies and networks and growing demand for low latency solutions and greater scalability are among the critical factors attributed to drive the Europe distributed cloud market growth.

The increasing use of Internet of Things (IoT) networks and Artificial Intelligence (AI) is expected to present significant opportunities for distributed cloud market growth during the forecast period. IoT devices generate huge amounts of data that often need to be processed in real-time. Distributed cloud infrastructures can provide the necessary edge computing capabilities, allowing data to be processed near to the source. This reduces latency, enhances performance, and ensures more efficient data handling. In addition, the rising traction of the Internet of Things (IoT) and edge computing have been a major driver for distributed cloud deployments. AI applications that move substantial amounts of data from edge locations to the cloud require cloud services to be as close as possible to edge locations and moving cloud resources to the edge location itself can greatly increase performance for these applications. Moreover, with new uses for video inference and facial recognition being under development, IoT is using AI and machine learning (ML) to improve automobile manufacturing, analyze medical imaging, find the shortest route to parking, and turn off the heating in smart buildings and smart cities. AI and ML applications often require substantial computational resources that can scale dynamically based on demand. Distributed cloud networks can offer scalable solutions that cater to varying workloads, enabling more efficient utilization of resources and cost management for AI-driven tasks.

On the contrary, the higher deployment cost hampers the growth of Europe distributed cloud market.

Based on application, the Europe distributed cloud market is segmented into edge computing, content delivery, Internet of Things, and others. The edge computing segment held 42.3% market share in 2023, amassing US$ 566.86 million. It is projected to garner US$ 1,901.06 million by 2031 to register 16.3% CAGR during 2023-2031.

In terms of service, the Europe distributed cloud market is categorized into data security, data storage, networking, and others. The data storage segment held 44.2% share of Europe distributed cloud market in 2023, amassing US$ 591.70 million. It is anticipated to garner US$ 2,096.56 million by 2031 to expand at 17.1% CAGR during 2023-2031.

By enterprise size, the Europe distributed cloud market is bifurcated into large enterprise and SMEs. The large enterprise segment held 66.4% share of Europe distributed cloud market in 2023, amassing US$ 889.30 million. It is projected to garner US$ 2,875.73 million by 2031 to expand at 15.8% CAGR from 2023 to 2031.

Based on industry vertical, the Europe distributed cloud market is segmented into BFSI, healthcare, retail & e-commerce, manufacturing, IT & telecom, energy & utilities, media & entertainment, government & defense, and others. The BFSI segment held 22.1% share of Europe distributed cloud market in 2023, amassing US$ 296.61 million. It is predicted to garner US$ 1,060.59 million by 2031 to expand at 17.3% CAGR between 2023 and 2031.

Based on country, the Europe distributed cloud market is categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.2% share of Europe distributed cloud market in 2023. It was assessed at US$ 350.38 million in 2023 and is likely to hit US$ 1,260.91 million by 2031, registering a CAGR of 17.4% during 2023-2031.

Key players operating in the Europe distributed cloud market are Amazon Web Services Inc, Google LLC, International Business Machines Corp, Oracle Corp, Microsoft Corp, Rackspace Technology Inc, Broadcom Inc, Databricks Inc, Salesforce Inc, and Alibaba Cloud., among others.

• In June 2024, To meet the rapidly growing demand for its AI and cloud services in Spain, Oracle announced plans to invest more than US$1 billion to open a third cloud region in Madrid and drive AI skills development across the country.
• In September 2022, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced its latest international strategic roadmap at the 2022 Alibaba Cloud Summit. With more enterprises moving to the cloud and an increase in demand for cloud services in a hybrid environment, Alibaba Cloud has made available globally a series of its proven infrastructure products, a multi-model cloud-native database and distributed cloud services.

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