Europe Cloud Managed Services Market Size & Outlook
Europe cloud managed services market, 2018-2030 (US$M)
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Europe cloud managed services market highlights
- The Europe cloud managed services market generated a revenue of USD 34,883.6 million in 2024.
- The market is expected to grow at a CAGR of 13.3% from 2025 to 2030.
- In terms of segment, security services was the largest revenue generating type in 2024.
- Mobility Services is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 34,883.6 million |
| Market revenue in 2030 | USD 73,381.8 million |
| Growth rate | 13.3% (CAGR from 2025 to 2030) |
| Largest segment | Security services |
| Fastest growing segment | Mobility Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Business Services, Network Services, Security Services, Data Center Services, Mobility Services |
| Key market players worldwide | Accenture PLC Class A, CenturyLink, China Huaxin, Cisco Systems Inc, Fujitsu Ltd, Huawei Technologies, International Business Machines Corp, NTT Data Group Corp, Telefonaktiebolaget L M Ericsson ADR, Trianz, Verizon Communications Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.9% of the global cloud managed services market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 92,750.7 million by 2030.
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Cloud Managed Services Market Scope
Cloud Managed Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe cloud managed services 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 managed services market will help companies and investors design strategic landscapes.
Security services was the largest segment with a revenue share of 29.33% in 2024. Horizon Databook has segmented the Europe cloud managed services market based on business services, network services, security services, data center services, mobility services covering the revenue growth of each sub-segment from 2018 to 2030.
In Europe, the cloud managed services industry is evolving due to a mix of regulatory pressures, particularly around GDPR, and the increasing adoption of cloud-native technologies. European businesses focus on cloud solutions to improve efficiency, reduce costs, and meet compliance requirements while integrating artificial intelligence and machine learning into cloud services.
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Our clientele includes a mix of cloud managed services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cloud managed services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cloud managed services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cloud managed services market size, by country, 2018-2030 (US$M)
Europe Cloud Managed Services Market Outlook Share, 2024 & 2030 (US$M)
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