European Bare Metal Cloud market is anticipated to witness exponential CAGR of 33.6% during the forecast period (2021-2027). Increasing adoption of cloud-based services across the region is anticipated to promote the growth of the European bare metal cloud market. There is increased adoption of cloud-based services owing to flexibility and cost-effectiveness across Europe. For instance, according to Eurostat, 26% of EU enterprises used cloud computing in 2018, primarily for e-mails and storage of files. Finland has the highest adoption of cloud computing services in Europe and accounted for 65.3% in 2018. Later on, Sweden, Denmark, and Norway attracted significant share in 2018 with 57.2%, 55.6%, and 50.7%, respectively. This is the result of the rising adoption of cloud computing services by small and medium-sized enterprises (SMEs).
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Several factors can influence the adoption of cloud-based by SMEs, such as organization characteristics, competitiveness, and management strategies. The SMEs are adopting cloud services to enhance flexibility and scalability of their business performance, and to lower the cost. The flexibility and economies of scale, liability and data confidentiality are the significant complications in the SME business. Therefore, they require the right organizational cloud infrastructure to provide essential functionalities for supporting their business processes. Therefore, the high adoption of cloud services in the region is anticipated to drive the regional market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Service Type
- By Enterprise Size
- By Vertical
- Competitive Landscape- Dell Technologies, Inc., Godaddy Media Temple, Inc., Internap Corp., Joyent, Inc., Lightedge Solutions, Inc., Netapp, Inc.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment dominate the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Deviation from the pre-COVID-19 forecast
Ø Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European Bare Metal Cloud Market Report Segment
- By Service Type
- Professional Services
- Managed service
By Enterprise Size
- Small & Medium Size enterprises
- Large Size Enterprises
By Vertical
- BFSI
- Healthcare
- Retail
- IT & Telecom
- Others (Manufacturing)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
