UK Cloud Computing Market Size & Outlook, 2024-2030
UK cloud computing market, 2018-2030 (US$M)
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UK cloud computing market highlights
- The UK cloud computing market generated a revenue of USD 27,913.8 million in 2023 and is expected to reach USD 101,585.3 million by 2030.
- The UK market is expected to grow at a CAGR of 20.3% 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 27,913.8 million |
| Market revenue in 2030 | USD 101,585.3 million |
| Growth rate | 20.3% (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, UK accounted for 4.6% 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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UK 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 UK 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.
The U.K. government has been aggressively encouraging the adoption of cloud technologies. Several government initiatives, such as the G-Cloud Framework and the Cloud First policy, to leverage cloud computing to improve efficiency, enhance services, and drive innovation in the public sector, are boosting the adoption of cloud computing in the country.
For instance, since 2013, the government of the U.K. has been pursuing the "Cloud First" policy, which was last updated in June 2023. According to the policy, public sector organizations should always choose the public cloud as their first option when acquiring new or existing services, only turning to other options in cases where this is impractical.
While the strategy is mandatory for the central government, the larger public sector has also been recommended to adopt it, which bodes well for the growth of the U.K. cloud computing market.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into UK cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK cloud computing market size, by service, 2018-2030 (US$M)
UK Cloud Computing Market Outlook Share, 2024 & 2030 (US$M)
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