PUBLISHER: Inkwood Research | PRODUCT CODE: 1240643
PUBLISHER: Inkwood Research | PRODUCT CODE: 1240643
The Europe Everything as a Service (XaaS) market is expected to register a 20.49% CAGR during the forecasted period of 2023-2032. The government investment in cloud infrastructure drives the cloud migration services industry and boosts the market growth.
The Europe Everything as a Service (XaaS) market growth analysis includes the assessment of Italy, Germany, France, Spain, the Netherlands, the United Kingdom, and Rest of Europe. Given the country's size, the Netherlands' Information and Communications Technology (ICT) sector is remarkably strong. As per the official website of the United States government's trade department, approximately 82,000 ICT companies were operating in the Netherlands during the last quarter of 2020.
On the other hand, in 2020, the Spanish government introduced the Digital Strategy 2025 to stimulate the nation's digital transformation through various measures, including the expansion of digital connectivity, bolstering of cybersecurity, digitalization of public administrations, and integration of artificial intelligence technologies.
Additionally, the Spanish Government's Recovery, Transformation, and Resilience Plan outlines projected investments in this area. The plan was announced on April 30th, 2021, for the 2021-2023 period and is intended to modernize the Spanish economy, promote economic growth and job creation, and address issues expected to emerge over the next decade. This long-term outlook is expected to impact technology investment choices in both the public and private sectors.
Leading market players include: Salesforce Inc, SAP SE, etc.