What are the key trends that will fuel the size of the European cloud computing market through 2026?
The steady introduction of cloud computing platforms to reduce the procurement of IT infrastructures and maintenance costs in the region will drive the forecast for the European cloud computing market in the future. In European countries there has been a significant expansion of cloud providers from around the world. For example, AWS had three data centers in Sweden, which stimulated the expansion of AWS’s regional cloud availability within the country.
As the number of Swedish companies choosing to store cloud data increased, the data centers had helped the company gain much of the market share. With the help of cloud computing platforms, companies can store and access information via the Internet, also known as the cloud, while reducing operating costs. The cloud computing market size in Europe is projected to reach a valuation of USD 75 billion by 2026.
The providers of cloud …