Germany Cloud Computing Market Size & Outlook, 2024-2030
Germany cloud computing market, 2018-2030 (US$M)
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Germany cloud computing market highlights
- The Germany cloud computing market generated a revenue of USD 27,025.8 million in 2023 and is expected to reach USD 114,099.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 22.8% from 2024 to 2030.
- In terms of segment, software as a service (saas) was the largest revenue generating service in 2023.
- Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.
Cloud computing market data book summary
| Market revenue in 2023 | USD 27,025.8 million |
| Market revenue in 2030 | USD 114,099.4 million |
| Growth rate | 22.8% (CAGR from 2023 to 2030) |
| Largest segment | Software as a service (saas) |
| Fastest growing segment | Infrastructure as a Service (IaaS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, Amazon.com Inc, DigitalOcean Holdings Inc, Alphabet Inc Class A, GigaCloud Technology Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Rackspace Technology Inc Ordinary Shares, Salesforce Inc, Tencent Holdings Ltd ADR, The Descartes Systems Group Inc |
Other key industry trends
- In terms of revenue, Germany accounted for 4.5% of the global cloud computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany cloud computing market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 114,099.4 million by 2030.
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Cloud Computing Market Scope
Cloud Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany cloud computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cloud computing market will help companies and investors design strategic landscapes.
Software as a service (saas) was the largest segment with a revenue share of 55.08% in 2024. Horizon Databook has segmented the Germany cloud computing market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.
In Germany, industries have been witnessing considerable digital transformation in line with the continued implementation of Industry 4.0. The rising adoption of cloud-based solutions was particularly evident in the industrial sector.
For instance, in November 2022, Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK) commissioned a consortium of the University of Stuttgart, Fraunhofer FOKUS research center, IONOS, and software developer QMWare to build a platform for quantum computing applications for industrial users in Germany.
Plans envisaged running the R&D project for three years, during which, select test users would be allowed to access the quantum cloud for testing initial applications hosted on the platform. The consortium was anticipating the first partnerships to emerge in the industries and industry verticals, such as energy, automotive, finance, logistics, and telecommunications, where the applications are typically used in the areas of Machine Learning (ML), simulation, and optimization.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into Germany cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cloud computing market size, by service, 2018-2030 (US$M)
Germany Cloud Computing Market Outlook Share, 2024 & 2030 (US$M)
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