Public Cloud - Spain

  • Spain
  • Revenue in the Public Cloud market is projected to reach €9.37bn in 2024.
  • Platform as a Service dominates the market with a projected market volume of €2.94bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.40%, resulting in a market volume of €20.90bn by 2029.
  • In global comparison, most revenue will be generated in the United States (€360.20bn in 2024).

Key regions: United States, Germany, China, Japan, United Kingdom

 
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Analyst Opinion

The Public Cloud market in Spain is experiencing considerable growth due to the increasing adoption of digital technologies, rising awareness of the benefits of online services, and the convenience offered by different sub-markets such as Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service. Factors such as cost-effectiveness, scalability, and flexibility are driving this growth rate.

Customer preferences:
As the use of technology becomes increasingly integrated into daily life in Spain, consumers are gravitating towards the convenience and flexibility offered by public cloud services. This trend is fueled by the growing demand for remote work and virtual collaboration, as well as the need for efficient data management and storage. Furthermore, the shift towards public cloud solutions is also driven by the desire for cost-effective and scalable IT infrastructure, particularly among small and medium-sized businesses.

Trends in the market:
In Spain, the Public Cloud Market is experiencing a surge in demand for Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions, as companies look to streamline their operations and reduce infrastructure costs. This trend is expected to continue, with experts predicting a 25% annual growth rate in the Spanish cloud market. This shift towards cloud-based solutions is significant as it allows businesses to scale and innovate faster, while also providing a more cost-effective and efficient way to manage their IT needs. Industry stakeholders, such as cloud service providers and technology companies, are poised to benefit from this trend, as they can capitalize on the growing demand for cloud services in Spain. Additionally, the increasing adoption of public cloud by Spanish enterprises has the potential to transform the country's economy and boost its competitiveness in the global market. As such, it is crucial for businesses and policymakers in Spain to embrace this trend and invest in the necessary infrastructure and skills to fully capitalize on the benefits of the public cloud.

Local special circumstances:
In Spain, the Public Cloud Market is experiencing significant growth due to the country's investment in digital transformation and the adoption of cloud technologies by various industries. Additionally, the government's efforts to promote digitalization and the rise of startups and SMEs are driving the demand for public cloud services. The country's strong data protection laws and regulations also play a role in shaping the market, with a focus on data privacy and security. Furthermore, the cultural preference for cost-effective and scalable solutions has led to the popularity of public cloud services among businesses of all sizes in Spain.

Underlying macroeconomic factors:
The Public Cloud Market in Spain is significantly impacted by macroeconomic factors such as technological advancements, government policies, and economic stability. The country's strong investment in digital infrastructure and supportive regulatory environment have contributed to the rapid growth of the Public Cloud Market. Additionally, the country's growing economy and increasing adoption of cloud-based technologies in various industries have further fueled the demand for public cloud services. Furthermore, the increasing digitization of businesses and the need for cost-effective solutions are also driving the growth of the Public Cloud Market in Spain.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Vue d’ensemble

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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