target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Forecast - Doc Document number: # EUR148696522
Europe Public Cloud Services Forecast, 2022–2027
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Abstract
This IDC Market Forecast provides a detailed view of the European public cloud services market size and growth over the next five years, based on IDC forecast assumptions, market trends, and numerous end-user conversations (as of June 2023). It also considers recent macroeconomic events in Europe, such as the Russia-Ukraine War, inflation, fear of recession, the energy crisis, skills shortages, and supply chain disruptions. The data derives from IDC's Worldwide Public Cloud Services Tracker, most recently updated in H1 2023.
"Public cloud adoption continues to accelerate in Europe, driven by the need to move to more sustainable IT delivery models, the pressure to succeed with digital business initiatives and digital innovation, and the focus on resilience. The tough macroeconomic environment is also pushing organizations to adopt the flexible consumption models of public cloud. However, European customers are more conscientious about controlling their cloud costs. Generative AI solutions delivered from public cloud will spur the next wave of adoption." — Associate Vice President Carla Arend, IDC European Cloud Research