How big is the Spain Cloud Computing Market?

The Spain Cloud Computing Market size is expected to reach USD 8.21 billion in 2024 and grow at a CAGR of 17.71% to reach USD 18.56 billion by 2029. Read More

What is the current Spain Cloud Computing Market size?

In 2024, the Spain Cloud Computing Market size is expected to reach USD 8.21 billion. Read More

Who are the key players in Spain Cloud Computing Market?

Amazon Web Services, Inc, Microsoft Corporation, Google LLC, Oracle Corporation and IBM Corporation are the major companies operating in the Spain Cloud Computing Market. Read More

What years does this Spain Cloud Computing Market cover, and what was the market size in 2023?

In 2023, the Spain Cloud Computing Market size was estimated at USD 6.76 billion. The report covers the Spain Cloud Computing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Cloud Computing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Spain Cloud Computing Market Size & Share Analysis - Industry Research Report

Spain Cloud Computing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Spain Cloud Computing Market Report is Segmented by Type (Public Cloud [ IaaS, Paas, and Saas], Private Cloud, and Hybrid Cloud ), by Organization Size ( SMEs and Large Enterprises), by End-User Industries ( Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, and Government and Public Sector. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Spain Cloud Computing Industry Overview

Spain's cloud computing market is experiencing notable fragmentation, with numerous players competing for market share. Many of these companies are forming strategic partnerships and expanding into new markets to strengthen their positions. Key players include industry leaders such as Amazon Web Services, Google LLC, Microsoft Corporation, and Salesforce.

• June 2024: Oracle announced its intention to invest over USD 1 billion in establishing a third cloud region in Madrid, alongside a commitment to bolster AI skills development nationwide. This new public cloud region was set to empower Oracle's customers and partners across diverse industries in Spain, notably its key financial services sector. It aimed to facilitate the migration of mission-critical workloads from local data centers to Oracle Cloud Infrastructure (OCI). Furthermore, this move was intended to aid in adhering to regulations such as the Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines (EBA, EIOPA, ESMA). Telefonica España was slated to be the host partner for this upcoming cloud region.

• June 2024: Microsoft announced the opening of its first cloud region in Spain, establishing data centers across various sites in the Community of Madrid. From this hub, Microsoft provided Artificial Intelligence and cloud services to businesses and public entities in Spain and throughout Europe, emphasizing reliability, security, privacy, and data residency. Dubbed 'Spain Central,' this new cloud region was poised to fast-track the digital transformation of Spanish organizations, bolster the AI Economy in Spain, and stimulate the growth of the local IT sector.