Beancounters at IDC have added up some numbers and reached the conclusion that the European public cloud market is growing at a double-digit pace
The analyst estimates the public cloud supply chain contributed almost $500 billion to European GDP.
Writing in its Public Cloud’s Contribution to the European Economy: A Macroeconomic Approach report IDC said this has significantly increased over the past two years, with a spike in 2020 due to the digitisation journey that many organisations undertook during the pandemic.
IDC research analyst, European cloud and multi-cloud management, Filippo Vanara said that for the past five years, the public cloud market has significantly changed the IT industry and grown like no other segment of the European IT market.