US cloud providers dominate European cloud market - research

While European cloud providers are on the rise, none have come close to challenging the big US cloud providers for leadership

Kelsey Rees
clock • 2 min read
US cloud providers dominate European cloud market - research

The European cloud market earned €10.4bn in the second quarter of 2022, growing more than five times its size from early 2017. According to data from Synergy Research Group, European service providers have grown their cloud revenues by 167 per cent over that same period.  However, their market share has dropped from 27 per cent to 13 per cent as their growth rate lagged well behind the overall cloud market growth.  While European cloud providers have been on the up, none have come cl...

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