Cloud cover in Europe: An assessment
The European market is a hotbed for cloud business opportunity. Taken as a whole this is the second largest market outside the US and it is growing quickly. According to IDC figures quoted by the European Union, the public cloud market in Europe has the potential to reach €80 billion by 2020, up from €4.6 billion in 2011.
The consensus view among all of the major analyst firms is that the next few years will see growth rates in cloud services and related technologies of between 30 per cent and 40 per cent. Read our white paper for Equinox to find out more.