Public Cloud - Spain

Spain

Revenue in the Public Cloud market is projected to reach US$10.10bn in 2024.
Platform as a Service dominates the market with a projected market volume of US$3.17bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.16%, resulting in a market volume of US$22.30bn by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$411.70 in 2024.
In global comparison, most revenue will be generated in the United States (US$388.50bn in 2024).

Key regions: United States, Germany, China, Japan, United Kingdom

Definition:

A public cloud is defined as the digital infrastructure and computing resources that are managed by a service provider. Examples of public cloud computing resources include virtual machines, storage, and services, all of which are available for purchase with flexible (e.g., pay as you go and subscription) business models. Such payment options make it possible for customers to access, scale, and utilize resources as needed. Public cloud solutions make it possible for users to save on IT costs, increase their efficiency, and take advantage of advanced technologies without having to invest in long-term IT solutions. Public cloud service providers own and maintain the physical infrastructure, hardware, and software. Users only need to pay for the computing resources that they require. The Public Cloud market refers to the companies that provide these cloud computing resources and services to individuals, businesses, and organizations.

Structure:

The Public Cloud market is structured into five markets based on the type of service models provided by the companies.

The Infrastructure as a Service (IaaS) market covers the resources and services related to the data center infrastructure.
The Platform as a Service (PaaS) market covers the resources and services related to the virtual environments used for software development.
The Software as a Service market (SaaS) market covers the resources and services related to software applications that can be accessed via a web browser.
The Business Process as a Service (BPaaS) market covers the resources and services related to the various business processes such as finance and accounting, human resources, customer service, and supply chain management, all delivered through the cloud.
The Desktop as a Service (DaaS) market covers the resources and services related to virtual desktop environments, which are accessible from any device with an internet connection.

Additional Information:

The public cloud market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the public cloud market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud market in Spain is experiencing significant growth and development.

Customer preferences: Customers in Spain are increasingly adopting Public Cloud services due to their numerous benefits. Public Cloud offers scalability, flexibility, and cost-effectiveness, allowing businesses to easily adjust their resources according to their needs. Additionally, Public Cloud providers offer a wide range of services, such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), catering to different customer requirements. This variety of options allows businesses in Spain to choose the most suitable solutions for their specific needs.

Trends in the market: One of the key trends in the Public Cloud market in Spain is the growing demand for hybrid cloud solutions. Many businesses in Spain are adopting a hybrid cloud approach, which combines the use of Public Cloud services with private cloud or on-premises infrastructure. This allows businesses to take advantage of the benefits of both environments, such as the flexibility and scalability of the Public Cloud, while also maintaining control over sensitive data and applications. The hybrid cloud model is particularly appealing to industries with strict data privacy regulations, such as healthcare and finance. Another trend in the market is the increasing adoption of cloud-native technologies. Businesses in Spain are leveraging cloud-native technologies, such as containers and serverless computing, to develop and deploy applications more efficiently. These technologies enable businesses to build and run applications in a more agile and scalable manner, leading to faster time-to-market and improved operational efficiency.

Local special circumstances: Spain has a strong digital infrastructure and a growing tech ecosystem, which contributes to the development of the Public Cloud market. The government and local authorities have been actively promoting digital transformation and innovation, providing incentives and support for businesses to adopt cloud technologies. This favorable environment has attracted both domestic and international cloud service providers to invest in the Spanish market, further driving the growth of the Public Cloud market.

Underlying macroeconomic factors: The growth of the Public Cloud market in Spain is also influenced by macroeconomic factors. The increasing digitalization of businesses and the need for remote work solutions, especially in the wake of the COVID-19 pandemic, have accelerated the adoption of cloud technologies. Additionally, the economic recovery in Spain is driving business expansion and investment, leading to a greater demand for cloud services to support growth and innovation. In conclusion, the Public Cloud market in Spain is experiencing significant growth and development. Customer preferences for scalability, flexibility, and cost-effectiveness are driving the adoption of Public Cloud services. The market is witnessing trends such as the adoption of hybrid cloud solutions and cloud-native technologies. Spain's strong digital infrastructure, supportive government policies, and favorable macroeconomic conditions contribute to the growth of the Public Cloud market in the country.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.