Market Size of Europe Mobile Cloud Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 57.97 Billion |
Market Size (2029) | USD 142.75 Billion |
CAGR (2024 - 2029) | 19.75 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Mobile Cloud Market Analysis
The Europe Mobile Cloud Market size is estimated at USD 57.97 billion in 2024, and is expected to reach USD 142.75 billion by 2029, growing at a CAGR of 19.75% during the forecast period (2024-2029).
The COVID-19 pandemic drastically increased the data consumption patterns of consumers in the region. Due to a large chunk of the population working from home, the demand for internet-based content consumption, both at the corporate and user levels, has increased by leaps and bounds.
- The European mobile cloud market is expected to grow because more people are using smartphones, more people are using the "bring your own device" (BYOD) idea, networks are getting faster, and more people are aware of cloud-based services.
- The mobile cloud has also profited from the huge move to the cloud and the BYOD trend, which is rapidly rising among enterprises. Additional capabilities like scalability, ease of integration, dependability, and data synchronization increase the benefits of using a mobile cloud. Mobile cloud has been getting better and better over time, paving the way for other smart mobile technologies, like wearables, that will benefit from cloud technology in the future.
- There is an increasing use of mobile devices such as iPods, smartphones, tablets, Chromebooks, Kindles, and other similar devices in modern classrooms. Another advantage of mobile cloud computing for learning providers is agility and creativity. It allows them to explore more quickly and frequently. As a result, they will be able to innovate to provide better learning experiences for students. This is possible because new tools and features may be built, tested, and deployed in existing programs to improve them.
- For both customers and enterprises, these developments will boost the value of mobility and increase workability. Cloud-based apps are increasingly popular because they improve the performance of mobile devices with less memory by offloading computational work to the cloud. Customers are being pushed to use cloud-based apps more and more as smartphones get smarter and the internet gets faster.
- Nearly every industry was affected by the pandemic, and many were completely destroyed. Unexpectedly, the popularity of gaming-as-a-service, often known as cloud gaming, has skyrocketed and is expected to keep growing. Gaming is not an exception to the continued emergence of cloud trends in many other businesses.
Europe Mobile Cloud Industry Segmentation
The mobile cloud refers to cloud-based data, applications, and services designed specifically to be used on mobile and other portable devices. It allows for the delivery of applications and services to mobile users via a remote cloud server or environment.Cloud computing is used in mobile cloud to deliver applications to mobile devices.
The report divides the market into different types of users, such as businesses and consumers, who use different kinds of mobile cloud applications. The report only looks at the European market.
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By User | |
Enterprise | |
Consumer |
By Application | |
Gaming | |
Finance and Business | |
Entertainment | |
Education | |
Healthcare | |
Travel | |
Other Applications |
By Country | |
Germany | |
United Kingdom | |
France | |
Russia | |
Spain | |
Rest of Europe |
Europe Mobile Cloud Market Size Summary
The European mobile cloud market is poised for significant expansion, driven by the increasing adoption of smartphones and the "bring your own device" (BYOD) trend. The shift towards cloud-based services has been accelerated by the COVID-19 pandemic, which heightened data consumption as more individuals worked from home. This trend has been further bolstered by advancements in network speed and the growing awareness of cloud solutions. The mobile cloud offers numerous advantages, including scalability, ease of integration, and data synchronization, making it an attractive option for both consumers and enterprises. The education sector, in particular, benefits from the agility and creativity that mobile cloud computing provides, allowing for rapid innovation in learning experiences. As smartphones become more advanced and internet speeds increase, the demand for cloud-based applications continues to rise, enhancing the performance of mobile devices by offloading computational tasks to the cloud.
The video gaming industry in Europe has experienced substantial growth, fueled by the rise of mobile gaming and the esports sector, alongside the availability of high-speed internet and advanced gaming hardware. The pandemic further propelled this growth as gaming became a popular form of entertainment and social connection. The European Union has taken proactive steps to enhance connectivity, such as eliminating roaming fees and establishing free Wi-Fi hotspots through the WiFi4EU initiative. These efforts, along with the development of 5G networks, aim to provide high-speed internet access across the region. The market is moderately concentrated, with major players like IBM, Amazon Web Services, Google, Oracle, and Microsoft, while also witnessing increased fragmentation due to the growth of regional markets and local players. Recent developments, such as Cisco's new EU cloud region and Nokia's Adaptive Cloud Networking solution, highlight the ongoing digital transformation and the critical role of cloud technology in the 5G era.
Europe Mobile Cloud Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Intensity of Competitive Rivalry
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1.2.5 Threat of Substitutes
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1.3 Industry Policies
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1.4 Assessment of Impact of COVID-19 on the Industry
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2. MARKET SEGMENTATION
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2.1 By User
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2.1.1 Enterprise
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2.1.2 Consumer
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2.2 By Application
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2.2.1 Gaming
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2.2.2 Finance and Business
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2.2.3 Entertainment
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2.2.4 Education
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2.2.5 Healthcare
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2.2.6 Travel
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2.2.7 Other Applications
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2.3 By Country
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Russia
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2.3.5 Spain
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2.3.6 Rest of Europe
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Europe Mobile Cloud Market Size FAQs
How big is the Europe Mobile Cloud Market?
The Europe Mobile Cloud Market size is expected to reach USD 57.97 billion in 2024 and grow at a CAGR of 19.75% to reach USD 142.75 billion by 2029.
What is the current Europe Mobile Cloud Market size?
In 2024, the Europe Mobile Cloud Market size is expected to reach USD 57.97 billion.