As per MRFR analysis, the Europe Cloud Object Storage Market Size was estimated at 1.7 (USD Billion) in 2023.The Europe Cloud Object Storage Market is expected to grow from 1.9(USD Billion) in 2024 to 6.41 (USD Billion) by 2035. The Europe Cloud Object Storage Market CAGR (growth rate) is expected to be around 11.685% during the forecast period (2025 - 2035)
Key Europe Cloud Object Storage Market Trends Highlighted
The growing need for scalable and affordable data storage solutions is causing a major shift in the European cloud object storage market. Businesses are being pushed to use cloud services in order to effectively manage their data as a result of the growing digital transformation occurring in a number of industries, such as healthcare, banking, and retail.
As part of their digital goals, European governments are also supporting cloud computing efforts, highlighting the significance of dependable and secure data storage.According to recent trends, companies are putting more emphasis on hybrid and multi-cloud strategies, which enable them to tailor their storage solutions to meet particular requirements while maintaining compliance with strict European data protection laws like GDPR.
Additionally, cloud service providers are investing in green technologies and renewable energy sources to power their data centers as part of a growing trend toward ecologically sustainable practices in the European market. In addition to being in line with the EU's sustainability objectives, this change draws in eco-aware companies trying to reduce their carbon footprint.
The emergence of edge computing is another significant trend that is increasing real-time decision-making capabilities for organizations around Europe by providing faster data processing and analytics closer to the source, complementing cloud object storage.There are several opportunities in the European cloud object storage market, especially in fields that need a lot of storage capacity, such big data analytics and the Internet of Things. Businesses can obtain a competitive advantage by utilizing these areas.
The need for strong, adaptable, and secure cloud storage solutions will only increase as businesses continue to tackle the challenges of data management and compliance. In the European market, this atmosphere is conducive to innovation and service development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Cloud Object Storage Market Drivers
Rising Data Generation and Storage Needs
The Europe Cloud Object Storage Market is being significantly driven by the increasing volume of data generated across various sectors. Studies indicate that data creation is projected to grow tenfold by 2025, with Europe being one of the largest contributors to this phenomenonan expected 39.7 zettabytes of data generated by European firms alone.
This surge in data necessitates effective storage solutions, and organizations such as SAP and IBM are investing heavily in cloud object storage technologies to meet these demands. By expanding their R&D efforts in data management solutions, they aim to capture a larger share of the burgeoning storage needs in the region.
Additionally, as more businesses adopt digital transformation strategies, the reliance on cloud storage solutions continues to grow, further enhancing demand within the Europe Cloud Object Storage Market.
Increasing Adoption of Cloud Services
The shift towards cloud-based solutions is accelerating in Europe, driven by the need for flexibility, scalability, and cost-efficient data management. According to the European Commission, approximately 90% of European enterprises are expected to adopt some form of cloud services by 2025.
This trend is pushing organizations such as Microsoft and Google to expand their cloud infrastructure across Europe, leading to investments in cloud object storage. As the adoption of cloud services ascends, the Europe Cloud Object Storage Market stands to benefit significantly.
Regulatory Compliance and Data Sovereignty
Compliance with stringent data protection regulations, such as the General Data Protection Regulation (GDPR), is a critical driver for the Europe Cloud Object Storage Market. European businesses are mandated to ensure that customer data is stored and processed in accordance with local laws, which has led to increased demand for compliant storage solutions.
Major cloud service providers like Amazon Web Services and Google Cloud are enhancing their offerings to align with GDPR and ensure data sovereignty, thereby encouraging organizations to adopt cloud object storage solutions that meet these regulatory standards.
Cloud Object Storage Market Service Insights
The Service segment of the Europe Cloud Object Storage Market has become a crucial component in the evolving digital landscape, reflecting the increased demand for data management solutions. As organizations across Europe are transitioning to cloud-based environments, the need for reliable service offerings has surged.
The market showcases a clear trend towards professional services, which encompass consultancy, implementation, integration, and support, aimed at optimizing client cloud infrastructure and ensuring data security and compliance. This trend aligns with Europe's stringent data protection regulations, driving businesses to seek expert assistance in navigating complex compliance issues.Managed services are equally significant, as they give firms the ability to outsource their cloud operations, including storage, monitoring, and maintenance, allowing them to focus on core business activities while leveraging advanced cloud functionalities.
Both service areas are instrumental in enhancing operational efficiency and scalability for organizations that are increasingly reliant on cloud solutions. With various industries such as finance, healthcare, and retail embracing digital transformation, the burgeoning demand for these services highlights their importance in the ecosystem.Moreover, the continuous advancements in technology and the rising volume of data generated daily compel firms to invest in specialized services to better manage, process, and analyze data efficiently.
Thus, the Service segment not only plays a pivotal role in the overall structure of the Europe Cloud Object Storage Market but also presents significant opportunities for providers to innovate and tailor their offerings to meet evolving industry needs.The competitive landscape is marked by a focus on enhancing service quality, fostering strong client relationships, and integrating emerging technologies, which are becoming essential for service providers aiming to differentiate themselves in the marketplace.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cloud Object Storage Market Organization Size Insights
The Europe Cloud Object Storage Market is segmented by Organization Size into Large Enterprises and Small and Medium Enterprises (SMEs), each contributing uniquely to market dynamics. Large Enterprises often drive significant demand for cloud object storage solutions due to their vast data requirements and focus on efficient data management and scalability.
This segment typically prioritizes advanced features such as high performance, security, and compliance with regulations, aligning with Europe's robust data protection standards. Conversely, SMEs are increasingly adopting cloud object storage for its cost-effectiveness and flexibility, enabling them to compete in a digital-first landscape without heavy upfront infrastructure investments.
The rise of digital transformation initiatives among SMEs has led to a growing interest in cloud-based solutions tailored to their specific operational needs. Both segments, while distinct, reflect broader trends in EU policy towards cloud adoption, where increased digitalization and favorable regulations are driving growth in the market.The juxtaposition of Large Enterprises harnessing advanced capabilities and SMEs leveraging affordability creates a balanced landscape, indicating the diversity and richness within the Europe Cloud Object Storage Market.
Cloud Object Storage Market Cloud Deployment Insights
The Europe Cloud Object Storage Market, particularly concerning the Cloud Deployment segment, is evolving significantly as businesses increasingly prioritize digital transformation. Public Cloud solutions are gaining traction due to their cost-effectiveness and scalability, allowing organizations to handle vast amounts of data efficiently and securely.
Conversely, the Private Cloud segment appeals to businesses with stringent security and compliance requirements, providing tailored environments that enhance data privacy. Hybrid Cloud strategies are also witnessing rising adoption, blending the flexibility of public platforms with the security of private services, thereby enabling seamless workflow and data management across various environments.
This diversification within the Cloud Deployment segment reflects the changing dynamics in the market, with organizations seeking solutions that align with their operational needs.As organizations in Europe increasingly prioritize data management and storage solutions that offer both security and accessibility, the Cloud Deployment segment is set to drive substantial growth within the Europe Cloud Object Storage Market.
With rising data generation from both enterprises and consumers, the market landscape is expected to adapt and expand to accommodate these evolving demands, offering unique opportunities for innovation and advancement in cloud technologies.
Cloud Object Storage Market End User Insights
The End User segment of the Europe Cloud Object Storage Market has been experiencing substantial growth due to the increasing demand for efficient data storage solutions. Within this segment, various industries are leveraging cloud object storage for their unique needs.
Social Media Platforms are prioritizing these solutions to manage vast amounts of user-generated content, ensuring rapid access and seamless sharing. The BFSI sector, driven by stringent regulatory requirements, is utilizing cloud object storage for secure data management and disaster recovery solutions.
IT and Telecommunication companies are embracing these technologies to optimize data accessibility and improve service delivery. In the Healthcare industry, there is a heightened focus on cloud storage to handle sensitive patient data efficiently while maintaining compliance with data protection regulations.
Other sectors are also recognizing the versatility and scalability provided by cloud object storage, impacting their digital transformation strategies. The ability of these industries to adapt to evolving technological demands underscores the importance of the End User segment in shaping the overall landscape of the Europe Cloud Object Storage Market.
The diversification across various domains continues to present opportunities for innovative applications and enhanced user experiences, driving sustained market growth.
Cloud Object Storage Market Regional Insights
The Europe Cloud Object Storage Market is experiencing significant growth and diversification across various regions, driven by rising digital transformation initiatives and increased demand for scalable storage solutions.Germany and the UK are particularly dominant players in this market, owing to their advanced IT infrastructure and large enterprise sectors that rely on cloud services for data management and analytics. Meanwhile, France shows strong growth potential, aided by government policies promoting innovation and cloud adoption among businesses.
Russia's unique market dynamics suggest an increasing local demand for cloud solutions, while Italy and Spain are gradually catching up, bolstered by investments in tech startups and enhanced internet connectivity. Overall, the Rest of Europe segment also contributes meaningfully, reflecting a growing trend toward hybrid cloud strategies across the region.As organizations continue to prioritize data security and accessibility, the demand for cloud object storage solutions is expected to rise, reinforcing the importance of local market configurations and regulatory frameworks.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Cloud Object Storage Market Key Players and Competitive Insights:
The Europe Cloud Object Storage Market is characterized by a rapidly evolving landscape where numerous players strive for a competitive edge. As businesses increasingly turn to cloud solutions to enhance efficiency and flexibility, the demand for cloud object storage is on a growth trajectory.This market's dynamics are shaped by various factors, including technological advancements, the proliferation of data, compliance regulations, and the necessity for scalable storage solutions.
Companies in this space offer a diverse range of services and products aimed at catering to businesses' varied storage requirements. Additionally, strategic partnerships, innovations, and market positioning play a crucial role in determining each player's success and market share.
Oracle holds a strong position in the Europe Cloud Object Storage Market, underpinned by its expansive range of products and services that cater to various organizational needs. Its cloud storage solutions offer seamless integration with other Oracle products, providing customers with comprehensive data management capabilities.
Oracle's strengths lie in its commitment to innovation, demonstrated through continuous enhancements to its cloud infrastructure and storage offerings. The company has also engaged in strategic mergers and acquisitions to broaden its expertise and technological footprint, particularly in Europe.
Its market presence is supplemented by a strong emphasis on security, compliance, and support services, which are critical in the highly regulated European environment. Through these initiatives, Oracle has positioned itself as a formidable competitor, providing businesses with reliable and scalable cloud object storage solutions tailored to their specific requirements in the European market.
Key Companies in the Europe Cloud Object Storage Market Include
Europe Cloud Object Storage Market 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.
Europe Cloud Object Storage Market Segmentation Insights
Cloud Object Storage Market Service Outlook
Cloud Object Storage Market Organization Size Outlook
Cloud Object Storage Market Cloud Deployment Outlook
Cloud Object Storage Market End User Outlook
Cloud Object Storage Market Regional Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 1.7(USD Billion) |
| MARKET SIZE 2024 | 1.9(USD Billion) |
| MARKET SIZE 2035 | 6.41(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.685% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Quantum, Oracle, Microsoft, Wasabi, Rackspace, Amazon Web Services, NetApp, Scality, Cloudian, Alibaba Cloud, Google, Backblaze, IBM, DigitalOcean, OVHcloud |
| SEGMENTS COVERED | Service, Organization Size, Cloud Deployment, End User, Regional |
| KEY MARKET OPPORTUNITIES | Increased demand for data storage, Growth in AI and machine learning, Rising regulatory compliance requirements, Surge in digital transformation initiatives, Expansion of hybrid cloud infrastructure |
| KEY MARKET DYNAMICS | increasing data volumes, regulatory compliance mandates, need for scalability, cost-efficiency requirements, growing AI and analytics demand |
| COUNTRIES COVERED | Germany, UK, France, Russia, Italy, Spain, Rest of Europe |
Frequently Asked Questions (FAQ):
The Europe Cloud Object Storage Market is expected to be valued at 1.9 USD billion in 2024.
By 2035, the Europe Cloud Object Storage Market is anticipated to reach a valuation of 6.41 USD billion.
The expected CAGR for the Europe Cloud Object Storage Market from 2025 to 2035 is 11.685 percent.
Germany is expected to have the largest market share in the Europe Cloud Object Storage Market, valued at 1.53 USD billion by 2035.
Managed Services in the Europe Cloud Object Storage Market is projected to be valued at 3.86 USD billion by 2035.
Major players in the Europe Cloud Object Storage Market include Quantum, Oracle, Microsoft, and Amazon Web Services among others.
Professional Services in the Europe Cloud Object Storage Market is expected to be valued at 0.76 USD billion in 2024.
The UK is projected to contribute 1.26 USD billion to 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.
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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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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