Security News > 2021 > June > European cloud computing market to surpass $140 billion by 2028

Global Market Insights added a report on the European cloud computing market which estimates the market valuation will cross $140 billion by 2028 due to the government support for promoting cloud adoption throughout Europe.

Growing usage of cloud computing among multiple organizations to ensure business continuity and adaptability to market changes for maintaining a competitive advantage over rival firms is likely to fuel the industry growth.

The increasing digitization trend observed in organizations with their shift toward cloud-based services is also boosting the European cloud computing market demand.

Cloud computing benefits, such as remote computing, reduced costs, and availability of on-demand computing resources, are major factors behind the adoption of cloud computing by SMEs throughout Europe.

Italy to grow significantly in the European cloud computing market.

Italy is projected to grow significantly in the European cloud computing market with over 15% CAGR over the forecast period.

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