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Europe Cloud Object Storage Market

ID: MRFR/ICT/60443-HCR
200 Pages
Aarti Dhapte
October 2025

Europe Cloud Object Storage Market Research Report By Service (Professional Services, Managed Services), By Organization Size (Large Enterprises, Small & Medium Enterprises (SMEs)), By Cloud Deployment (Public Cloud, Private Cloud, Hybrid Cloud), By End User (Social Media Platforms, BFSI, IT & Telecommunication, Healthcare, Others), and By Regional (Germany, UK, France, Russia, Italy, Spain, Rest of Europe)- Forecast to 2035

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Europe Cloud Object Storage Market Summary

As per MRFR analysis, the cloud object-storage market size was estimated at 1900.0 USD Million in 2024. The Europe cloud object-storage market is projected to grow from 2042.12 USD Million in 2025 to 4200.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 7.48% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Europe cloud object-storage market is experiencing robust growth driven by evolving technological needs and regulatory frameworks.

  • Germany remains the largest market for cloud object-storage solutions, reflecting a strong demand for scalable storage options.
  • The UK is emerging as the fastest-growing region, propelled by increasing digital transformation initiatives and cloud adoption.
  • There is a notable trend towards hybrid cloud solutions, as organizations seek to balance flexibility and control over their data.
  • Key market drivers include the rising demand for scalable storage solutions and an increased focus on data sovereignty, influencing strategic decisions across sectors.

Market Size & Forecast

2024 Market Size 1900.0 (USD Million)
2035 Market Size 4200.0 (USD Million)

Major Players

Amazon Web Services (US), Microsoft (US), Google (US), IBM (US), Oracle (US), Alibaba Cloud (CN), DigitalOcean (US), Wasabi Technologies (US)

Europe Cloud Object Storage Market Trends

The cloud object-storage market is experiencing notable growth, driven by the increasing demand for scalable and flexible storage solutions. Organizations across various sectors are recognizing the advantages of cloud-based storage, which offers enhanced accessibility and cost-effectiveness. As businesses continue to generate vast amounts of data, the need for efficient storage solutions becomes paramount. This trend is further supported by advancements in technology, which facilitate seamless integration and management of cloud services. Additionally, the rise of remote work and digital transformation initiatives has accelerated the adoption of cloud storage solutions, as companies seek to optimize their operations and improve collaboration. Moreover, regulatory frameworks in Europe are evolving to address data privacy and security concerns, influencing the cloud object-storage market. Compliance with regulations such as the General Data Protection Regulation (GDPR) is becoming increasingly critical for organizations. This has led to a heightened focus on data sovereignty and the selection of cloud providers that can ensure compliance with local laws. As a result, businesses are more inclined to choose cloud storage solutions that offer robust security features and transparent data handling practices. The interplay between technological advancements and regulatory requirements is shaping the future landscape of the cloud object-storage market, indicating a dynamic environment for stakeholders.

Increased Adoption of Hybrid Cloud Solutions

Organizations are increasingly opting for hybrid cloud models, combining on-premises infrastructure with cloud object-storage. This approach allows businesses to maintain control over sensitive data while leveraging the scalability of cloud services. The flexibility offered by hybrid solutions is appealing, as it enables organizations to optimize their storage strategies based on specific needs.

Focus on Data Security and Compliance

As data privacy regulations tighten, there is a growing emphasis on security within the cloud object-storage market. Companies are prioritizing solutions that provide robust encryption, access controls, and compliance with local regulations. This trend reflects a broader commitment to safeguarding sensitive information and maintaining customer trust.

Emergence of AI and Machine Learning Integration

The integration of artificial intelligence and machine learning technologies into cloud object-storage solutions is gaining traction. These technologies enhance data management capabilities, enabling organizations to analyze and retrieve information more efficiently. This trend suggests a shift towards smarter storage solutions that can adapt to evolving business requirements.

Europe Cloud Object Storage Market Drivers

Emergence of Multi-Cloud Strategies

The adoption of multi-cloud strategies is becoming a prominent trend influencing the cloud object-storage market in Europe. Organizations are increasingly utilizing multiple cloud service providers to optimize their storage solutions, enhance redundancy, and avoid vendor lock-in. This approach allows businesses to leverage the strengths of various providers while ensuring data availability and resilience. As a result, the cloud object-storage market in Europe is likely to witness increased competition among providers, leading to improved service offerings and pricing models. Furthermore, the flexibility offered by multi-cloud strategies aligns with the evolving needs of businesses, making it a key driver for growth in the cloud object-storage market.

Increased Focus on Data Sovereignty

Data sovereignty has emerged as a critical driver for the cloud object-storage market in Europe. With stringent regulations such as the General Data Protection Regulation (GDPR) in place, organizations are compelled to ensure that their data is stored within specific geographical boundaries. This regulatory landscape influences the choice of cloud storage providers, as businesses seek solutions that comply with local laws. The cloud object-storage market in Europe is likely to benefit from this focus on data sovereignty, as providers enhance their offerings to meet compliance requirements. As a result, organizations are increasingly adopting cloud storage solutions that guarantee data residency, thereby fostering trust and security in their data management practices.

Rising Demand for Scalable Storage Solutions

The cloud object storage in Europe experiences a notable surge in demand for scalable storage solutions. As businesses increasingly generate vast amounts of data, the need for flexible storage options becomes paramount. According to recent estimates, the European market for cloud object storage is projected to grow at a CAGR of approximately 25% over the next five years. This growth is driven by enterprises seeking to manage their data efficiently while minimizing costs. The ability to scale storage resources on-demand allows organizations to adapt to changing data requirements without significant upfront investments. Consequently, this trend is likely to propel the cloud object-storage market in Europe, as companies prioritize agility and cost-effectiveness in their data management strategies.

Growing Adoption of Digital Transformation Initiatives

The ongoing digital transformation initiatives across various sectors in Europe significantly impact the cloud object-storage market. Organizations are increasingly leveraging cloud technologies to enhance operational efficiency and improve customer experiences. This shift towards digitalization is expected to drive the demand for cloud object storage solutions, as businesses require reliable and scalable storage options to support their digital initiatives. Recent surveys indicate that over 70% of European companies are investing in cloud technologies, with a substantial portion allocated to storage solutions. Consequently, the cloud object-storage market in Europe is poised for growth as organizations prioritize digital transformation and seek innovative storage solutions to support their evolving needs.

Advancements in Data Analytics and Processing Technologies

Advancements in data analytics and processing technologies are significantly shaping the cloud object-storage market in Europe. As organizations increasingly rely on data-driven decision-making, the need for efficient storage solutions that support advanced analytics becomes crucial. The integration of cloud object storage with analytics tools enables businesses to derive valuable insights from their data, enhancing operational efficiency and strategic planning. Recent studies suggest that the demand for analytics-driven cloud storage solutions is expected to rise by over 30% in the coming years. This trend indicates a growing recognition of the importance of data analytics in driving business success, thereby propelling the cloud object-storage market in Europe.

Market Segment Insights

By Service: Managed Services (Largest) vs. Professional Services (Fastest-Growing)

In the Europe cloud object-storage market, Managed Services captures the largest share, driven by the increasing need for businesses to outsource storage management to enhance efficiency. This segment's dominance is attributed to the growing reliance on cloud solutions among enterprises, which facilitates seamless data management and security features. Conversely, Professional Services, though smaller in share, is experiencing rapid growth as companies seek expert guidance in cloud adoption, migration strategies, and ongoing support. The growth trends in this segment are characterized by a shift towards hybrid and multi-cloud environments, compelling organizations to invest in tailored Professional Services for optimal integration. Factors driving this growth include heightened data security concerns, increased demand for compliance expertise, and the need for customized solutions to leverage cloud capabilities effectively. As the digital landscape evolves, both segments are poised for substantial advancements, with Managed Services maintaining its stronghold while Professional Services emerges as a vital contributor to overall market dynamics.

Managed Services (Dominant) vs. Professional Services (Emerging)

Managed Services establish themselves as the dominant force in the cloud object-storage sector, providing comprehensive solutions that help organizations manage their data storage needs seamlessly. They encompass a wide range of services including monitoring, maintenance, and support tailored to individual client requirements. This segment's advantage lies in its ability to offer scalable solutions that adjust to varying workloads, thereby enhancing operational efficiency. On the other hand, Professional Services are emerging as critical players in the cloud landscape, offering essential guidance through consultations, implementations, and training that are crucial for businesses navigating the complexities of cloud adoption. This demand for specialized knowledge is rapidly increasing, driven by evolving technology trends and compliance regulations that necessitate expert oversight.

By Organization Size: Large Enterprises (Largest) vs. Small & Medium Enterprises (SMEs) (Fastest-Growing)

In the cloud object-storage market, Large Enterprises hold the predominant share, driven by substantial investments in cloud infrastructure and advanced data management solutions. Their significant budgets allow them to adopt comprehensive cloud strategies that optimize storage efficiencies. Conversely, Small & Medium Enterprises (SMEs) represent a rapidly growing segment, as they leverage flexible cloud solutions to enhance their operational scalability and cost-effectiveness. Their increasing digitalization efforts are fueling a considerable shift to cloud object storage. The growth trends in this segment indicate that while Large Enterprises continue to lead, SMEs are becoming an integral force in shaping market dynamics. The acceleration in remote work, digital transformation initiatives, and the need for agile data handling are major drivers for SMEs, attracting them to robust cloud solutions. These trends underscore the evolving landscape where SMEs are increasingly adopting sophisticated cloud services, positioning them as significant contributors to market growth over the coming years.

Large Enterprises (Dominant) vs. Small & Medium Enterprises (SMEs) (Emerging)

Large Enterprises are characterized by their established market presence and extensive resource capabilities, enabling them to invest heavily in cloud object storage technologies. They require large-scale storage solutions to manage vast amounts of data efficiently, thereby leading to higher adoption rates of sophisticated cloud services. These enterprises often prioritize security, compliance, and performance, making them dominant players in the market. In contrast, Small & Medium Enterprises (SMEs), while emerging, are increasingly recognizing the benefits of cloud object storage solutions. They tend to favor cost-effective and scalable cloud options that align with their growth objectives. SMEs are often more agile than their larger counterparts, allowing them to adopt innovative storage solutions quickly, thus fostering a competitive edge in the market.

By Cloud Deployment: Public Cloud (Largest) vs. Hybrid Cloud (Fastest-Growing)

In the Cloud Deployment segment, the Public Cloud holds the largest market share, favored by organizations for its scalability, cost-effectiveness, and ease of management. This deployment type allows users to access a wide range of services over the internet, contributing to its dominance in the overall cloud storage landscape. In contrast, the Hybrid Cloud segment is gaining traction as businesses leverage a combination of on-premises infrastructure and public cloud services, presenting a balanced approach to data management that appeals to various companies’ needs. The growth trends in Cloud Deployment reveal a significant shift towards Hybrid Cloud solutions, which are rapidly emerging due to increasing demands for flexibility and security in data storage. Factors driving this trend include the need for businesses to manage sensitive information in a controlled manner while still benefiting from the scalability of public cloud services. Additionally, advancements in cloud technologies and growing awareness of their benefits are further propelling the adoption of Hybrid Cloud solutions, making it the fastest-growing segment in this landscape.

Cloud Type: Public Cloud (Dominant) vs. Hybrid Cloud (Emerging)

The Public Cloud segment stands out as the dominant force in cloud deployments, characterized by its robust infrastructure and widespread availability. Organizations benefit from low upfront costs and the ability to scale resources up or down in response to business needs. In contrast, the Hybrid Cloud segment is emerging as a compelling alternative, combining both public and private cloud functionalities. This approach provides the best of both worlds: the flexibility of the public cloud alongside the control of private infrastructure, appealing to organizations that require tailored solutions for specific regulatory or performance needs. Businesses are increasingly recognizing the adaptability of Hybrid Cloud as they strive to optimize their IT environments.

By End User: BFSI (Largest) vs. Healthcare (Fastest-Growing)

The market share distribution among end user segments in the cloud object-storage market shows that the BFSI sector holds the largest share, driven by the increasing need for secure data storage and compliance with stringent regulations. Social media platforms and IT & telecommunication sectors follow closely, benefitting from the exponential growth in data generation and the demand for scalable storage solutions. Meanwhile, the healthcare segment is emerging strongly as the industry increasingly digitalizes its processes, necessitating robust storage capabilities. Growth trends indicate that the BFSI sector will continue to lead due to ongoing digital transformation initiatives, while the healthcare segment is projected to be the fastest-growing end user as telemedicine and electronic patient records become crucial. The demand for real-time access to patient data, combined with the need for secured storage for sensitive information, is propelling the healthcare segment's growth. Consequently, as organizations look to enhance their operational efficiency, the cloud object-storage market will witness significant advancements across these segments.

BFSI: BFSI (Dominant) vs. Healthcare (Emerging)

In the cloud object-storage market, the BFSI sector is recognized as a dominant force. Its reliance on high-security storage for sensitive financial data, transactions, and compliance records underscores its market strength. The sector's primary focus is on data protection, regulatory adherence, and operational agility, driving the adoption of cloud solutions. In contrast, the healthcare segment, positioned as an emerging player, is becoming increasingly important as it seeks to modernize data management through digital health solutions. The growing prevalence of electronic health records and telehealth applications fuels this segment's demand for scalable and secure storage. This duality highlights the evolving landscape, where BFSI stays solidly rooted while healthcare rapidly adapts to technological advancements.

Get more detailed insights about Europe Cloud Object Storage Market

Regional Insights

Germany : Strong Infrastructure and Innovation Hub

Germany holds a dominant position in the European cloud object-storage market, accounting for 30% of the total market share with a value of $600.0 million. Key growth drivers include the increasing demand for data storage solutions, driven by digital transformation across industries. Regulatory policies, such as the GDPR, promote data protection, while government initiatives support cloud adoption. The robust infrastructure, including advanced data centers, further fuels market growth.

UK : Innovation and Regulatory Support

The UK cloud object-storage market is valued at $400.0 million, representing 20% of the European market. Growth is driven by the rapid digitalization of businesses and increasing reliance on cloud solutions for data management. The UK government actively supports cloud initiatives through funding and regulatory frameworks, enhancing market confidence. The demand for scalable storage solutions is evident in various sectors, including finance and healthcare.

France : Strong Demand in Diverse Sectors

France's cloud object-storage market is valued at $350.0 million, capturing 17.5% of the European market. The growth is propelled by the increasing adoption of cloud services across sectors like retail and manufacturing. Government initiatives, such as the France 2030 plan, aim to boost digital infrastructure and innovation. The demand for secure and compliant storage solutions is rising, influenced by local regulations and consumer preferences.

Russia : Strategic Market Developments

Russia's cloud object-storage market is valued at $250.0 million, accounting for 12.5% of the European market. Key growth drivers include significant investments in IT infrastructure and a push for digital transformation across various industries. Government policies favor local cloud solutions, enhancing market dynamics. The demand for cloud services is particularly strong in sectors like telecommunications and e-commerce, reflecting changing consumption patterns.

Italy : Focus on Digital Transformation

Italy's cloud object-storage market is valued at $200.0 million, representing 10% of the European market. The growth is driven by increasing digitalization efforts across industries, particularly in manufacturing and retail. Government initiatives, such as the Digital Italy program, support cloud adoption and infrastructure development. The demand for flexible and scalable storage solutions is evident, reflecting changing business needs and consumer behavior.

Spain : Investment in Digital Infrastructure

Spain's cloud object-storage market is valued at $150.0 million, capturing 7.5% of the European market. The growth is fueled by rising investments in digital infrastructure and cloud services across various sectors, including tourism and finance. Government policies encourage innovation and cloud adoption, enhancing the business environment. The demand for secure and efficient storage solutions is increasing, driven by local market dynamics and consumer preferences.

Rest of Europe : Varied Growth Across Regions

The Rest of Europe accounts for a combined market value of $250.0 million, representing 12.5% of the overall market. Growth drivers vary by country, with increasing digitalization and cloud adoption across sectors. Regulatory frameworks and government initiatives play a crucial role in shaping market dynamics. The demand for cloud solutions is evident in industries such as healthcare and education, reflecting diverse consumption patterns across the region.

Europe Cloud Object Storage Market Regional Image

Key Players and Competitive Insights

The cloud object-storage market is currently characterized by intense competition and rapid innovation, driven by the increasing demand for scalable and flexible storage solutions. Major players such as Amazon Web Services (US), Microsoft (US), and Google (US) are at the forefront, leveraging their extensive infrastructure and technological capabilities to enhance service offerings. These companies are strategically positioned to capitalize on the growing trend of digital transformation, focusing on innovation and partnerships to expand their market reach. Their collective strategies not only shape the competitive landscape but also set benchmarks for service quality and customer satisfaction.

Key business tactics employed by these companies include optimizing supply chains and localizing services to better meet regional demands. The market appears moderately fragmented, with a mix of established giants and emerging players. This structure allows for a dynamic interplay of competition, where the influence of key players is significant, yet there remains ample opportunity for smaller entities to carve out niches through specialized offerings.

In October 2025, Amazon Web Services (US) announced the launch of a new data transfer service aimed at enhancing the speed and efficiency of data migration to its cloud platform. This strategic move is likely to bolster AWS's competitive edge by addressing one of the primary pain points for enterprises transitioning to cloud storage. By streamlining data transfer processes, AWS not only improves customer experience but also reinforces its position as a leader in the cloud object-storage market.

In September 2025, Microsoft (US) unveiled a partnership with a leading European telecommunications provider to enhance its cloud services across the region. This collaboration is expected to facilitate improved connectivity and service delivery, thereby expanding Microsoft's footprint in Europe. Such strategic alliances are indicative of a broader trend where companies seek to leverage local expertise to enhance their service offerings and operational efficiency.

In August 2025, Google (US) introduced a new tier of its cloud storage service, aimed specifically at small and medium-sized enterprises (SMEs). This initiative reflects a growing recognition of the unique needs of SMEs in the cloud storage space. By tailoring services to this segment, Google is likely to capture a significant share of the market, fostering loyalty among smaller businesses that require reliable and cost-effective storage solutions.

As of November 2025, the competitive trends in the cloud object-storage market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence (AI). Strategic alliances are playing a crucial role in shaping the current landscape, enabling companies to pool resources and expertise. Looking ahead, it appears that competitive differentiation will evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift suggests that companies that prioritize these areas will likely emerge as leaders in the cloud object-storage market.

Key Companies in the Europe Cloud Object Storage Market market include

Industry Developments

In order to accelerate AI-infused cloud object storage services and strengthen data sovereignty through its EU Data Boundary initiative—which permits customers to store and process data only within EU/EFTA jurisdictions—Microsoft announced in April 2025 a significant 40% increase in European data center capacity, spanning 16 countries.

With a €7.8 billion investment in Germany through 2040, which includes plans for a sovereign Lisbon to serve regulated workloads, Amazon Web Services (AWS) further cemented its commitment to European infrastructure.Additionally, AWS has extended its AWS Backup and S3 object storage services to newly emerging regions like Milan and Aragon (Spain), improving cross-region object resilience and compliance options for European businesses.

During this time, Backblaze kept using its EU Central (Amsterdam) object storage region, which was first introduced in 2019. In late 2024 and early 2025, it formed European delivery partnerships, such as Colocation in Cologix TOR3, to provide EU-based clients with local object store access with reduced latency and GDPR-aligned compliance.Equally significant is Oracle's growing presence in the European OCI market, which now includes its affordable ObjStore and Recovery services from EU central regions. These services are being embraced by European businesses that prioritize AI/data workloads and regulatory compliance.

The desire for AI, legal requirements, and enterprise data sovereignty requirements have all contributed to the significant momentum in the expansion and localization of cloud object storage infrastructure throughout Europe, as evidenced by the combined developments from Microsoft, AWS, Backblaze, Oracle, and regional vendor OVHcloud.

Future Outlook

Europe Cloud Object Storage Market Future Outlook

The cloud object-storage market is projected to grow at a 7.48% CAGR from 2024 to 2035, driven by increasing data generation, demand for scalability, and enhanced security features.

New opportunities lie in:

  • Development of hybrid cloud solutions for enhanced data management.
  • Expansion of AI-driven analytics tools for data insights.
  • Partnerships with IoT providers to offer integrated storage solutions.

By 2035, the market is expected to achieve substantial growth, driven by innovation and strategic partnerships.

Market Segmentation

Europe Cloud Object Storage Market Service Outlook

  • Professional Services
  • Managed Services

Europe Cloud Object Storage Market End User Outlook

  • Social Media Platforms
  • BFSI
  • IT & Telecommunication
  • Healthcare
  • Others

Europe Cloud Object Storage Market Cloud Deployment Outlook

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Europe Cloud Object Storage Market Organization Size Outlook

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

Report Scope

MARKET SIZE 20241900.0(USD Million)
MARKET SIZE 20252042.12(USD Million)
MARKET SIZE 20354200.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)7.48% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Amazon Web Services (US)", "Microsoft (US)", "Google (US)", "IBM (US)", "Oracle (US)", "Alibaba Cloud (CN)", "DigitalOcean (US)", "Wasabi Technologies (US)"]
Segments CoveredService, Organization Size, Cloud Deployment, End User
Key Market OpportunitiesGrowing demand for scalable solutions driven by data privacy regulations and digital transformation initiatives.
Key Market DynamicsRising demand for scalable solutions drives innovation and competition in the cloud object-storage market.
Countries CoveredGermany, UK, France, Russia, Italy, Spain, Rest of Europe

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FAQs

What is the expected market size of the Europe Cloud Object Storage Market in 2024?

The Europe Cloud Object Storage Market is expected to be valued at 1.9 USD billion in 2024.

What is the forecasted market size for the Europe Cloud Object Storage Market by 2035?

By 2035, the Europe Cloud Object Storage Market is anticipated to reach a valuation of 6.41 USD billion.

What is the expected CAGR for the Europe Cloud Object Storage Market from 2025 to 2035?

The expected CAGR for the Europe Cloud Object Storage Market from 2025 to 2035 is 11.685 percent.

Which country is expected to have the largest market share in the Europe Cloud Object Storage Market by 2035?

Germany is expected to have the largest market share in the Europe Cloud Object Storage Market, valued at 1.53 USD billion by 2035.

What will be the market value for Managed Services in the Europe Cloud Object Storage Market by 2035?

Managed Services in the Europe Cloud Object Storage Market is projected to be valued at 3.86 USD billion by 2035.

Who are some of the major players in the Europe Cloud Object Storage Market?

Major players in the Europe Cloud Object Storage Market include Quantum, Oracle, Microsoft, and Amazon Web Services among others.

What is the expected market value for Professional Services in the Europe Cloud Object Storage Market in 2024?

Professional Services in the Europe Cloud Object Storage Market is expected to be valued at 0.76 USD billion in 2024.

How much is the UK projected to contribute to the Europe Cloud Object Storage Market by 2035?

The UK is projected to contribute 1.26 USD billion to the Europe Cloud Object Storage Market by 2035.

What is the expected market size for France in the Europe Cloud Object Storage Market by 2035?

By 2035, the France segment of the Europe Cloud Object Storage Market is expected to be valued at 1.15 USD billion.

What challenges and opportunities are present in the Europe Cloud Object Storage Market?

The market is faced with challenges such as security concerns while presenting opportunities through increasing data storage needs and technological advancements.

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