Cloud services market size in Italy 2015-2023

In Italy, between 2015 and 2023, the market value of cloud services dramatically grew. Indeed, in 2015 it amounted to roughly 1.5 billion euros, and, by the end of 2023, it peaked at almost seven billion euros. 

What is cloud computing?

Cloud computing is the on-demand delivery of computer services, like storage, database, software, networking, and intelligence over the internet. In other words, cloud computing users can access these services through the internet from wherever they are, instead of using physical data centers and servers. Cloud services can be broken down into three main service models: Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS), with PaaS being the most used in Italy. Furthermore, cloud services can be public, private, or hybrid. In 2021, the public cloud was the most popular in Italy, with a revenue of over 1.8 billion euros.

Cloud adoption: pros and cons

Over the past few years, both private and business users have increasingly been embracing cloud solutions. In 2021, most companies adopted both multi-vendor cloud and on-premise solutions. In the future, they will move more workload to the cloud because of its many benefits, like better data storage and backup, data security, accessibility, scalability, and low maintenance cost. However, cloud computing has also its vulnerabilities, such as cyberattacks to cloud ICT systems, security breaches, and ransomware, which could be prevented by implementing different strategies.