Global Market Insights added a report on the European Cloud Computing Market that estimates the market valuation will exceed $ 140 Billion by 2028 due to government support to promote cloud adoption across Europe.
The increasing use of cloud computing by multiple companies to ensure business continuity and adaptability to market changes in order to maintain a competitive advantage over competing companies is likely to fuel industry growth.
The increasing digitization trend, which can be observed in companies with their shift towards cloud-based services, is also stimulating the demand of the European cloud computing market. The leading companies rely on new technologies such as mobile cloud computing and edge computing to develop innovative solutions and services for their customers.
The IaaS segment should grow steadily
The IaaS The segment is expected to grow at a CAGR of over 15% from 2021 to 2028. IaaS plays due to the high …