Market Forecast
Cloud, Edge and IoT represent three major, interconnected technology trends enabling the digital transformation of European organisations and economies. Via the dashboards and infographics below, you can learn more about the key findings and the most interesting data from our CEI market analysis.
Overview on Cloud-Edge-IoT
Cloud computing emerged to enable multiple applications and even organisations to use and share centralised computing resources more efficiently. As a result, it has steadily become a core part of the modern technology landscape.
Organisations are utilising a combination of cloud, edge and IoT to enable a wide range of new solutions to transform processes, automate operations, and launch new products and services.
Creating this CEI environment—a continuum of data collection, storage and processing from edge to cloud—will be essential to a globally competitive, secure and dynamic data-agile economy in Europe. European organisations must adopt and deploy these technologies to maintain economic leadership, increase our economies’ and societies’ security and resilience, and achieve sustainable development objectives. The graph above gives an overview of the current CEI environment in Europe.
Cloud Forecast
Cloud computing emerged to enable multiple applications and even organisations to use and share centralised computing resources more efficiently. As a result, it has steadily become a core part of the modern technology landscape.
Organisations are utilising a combination of cloud, edge and IoT to enable a wide range of new solutions to transform processes, automate operations, and launch new products and services.
Creating this CEI environment—a continuum of data collection, storage and processing from edge to cloud—will be essential to a globally competitive, secure and dynamic data-agile economy in Europe. European organisations must adopt and deploy these technologies to maintain economic leadership, increase our economies’ and societies’ security and resilience, and achieve sustainable development objectives. The graph above gives an overview of the current CEI environment in Europe.
European Cloud Spending Forecast (EUR bn)
No Data Found
Edge Forecast
European edge spending reached EUR 33.5 billion in 2022 and is projected to reach EUR 56.8 billion by 2026, with a CAGR of 14.1%. This spending includes investments from both enterprises and telecom service providers. Telecom operators are expected to experience the fastest growth, focusing on use cases like content delivery networks, virtual network functions, and multi-access edge computing.
Despite a slowdown in edge spending due to economic conditions, edge computing remains resilient, offering benefits such as improved performance, data security, cost reduction, and enhanced customer experience. While the forecast has been slightly adjusted downward, the overall trend for edge spending remains positive.
European Edge Spending Forecast (EUR bn)
No Data Found
IoT European spending forecast 2021-2026
The European IoT market has advanced slowly due to various challenges that have dampened demand. These include COVID-19 disruptions, the Russia-Ukraine War, supply chain disruptions, inflation, and high energy prices.
Despite these challenges, European IoT spending is projected to increase from EUR 172.3 billion in 2022 to EUR 260.0 billion in 2026, reflecting a compound annual growth rate (CAGR) of 10.8%. The market is already well-established, with most companies planning to invest in IoT. However, factors such as complexity, costs, and other barriers still prevent the market from accelerating its growth even faster.
European IoT Spending Forecast (EUR bn)
No Data Found
