European cloud migration market is projected to grow at a significant CAGR during the forecast period. The market is mainly driven due to the adoption of private cloud services owing to the significant presence of data protection laws in the region. In order to protect data through better security, the European Union introduced GDPR on 25th May 2018 after the approval in April 2016 after the 4-year preparation and debate. It has replaced the Data Protection Directive 95/46/EC. The new law aims to provide equal data privacy and protect the personal data of users and customers of companies all across Europe.
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The authoritative bodies include the European Commission, European Parliament, and the Council of Ministers of the European Union. Under the law, the companies/organization which are gathering the data have to ensure that it should be gathered legally, and it is mandatory to protect it from misuse and exploitation otherwise have to face penalties for not following it.
The law applies to each company or entity which processes personal data at its branches in the European Union, irrespective of the location of the data process. It is also applied to the companies situated outside the EU and providing goods or services or monitoring customer behavior in the EU. Implementation of this law will augment the need for private cloud services to secure it from data breaches, thereby, augmenting the demand for cloud migration services in the region.
European Cloud Migration Market – Segmentation
By Deployment Type
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Industry
- BFSI
- IT & Telecom
- Government
- Retail & Consumer Goods
- Healthcare
- Other (Manufacturing)
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European Cloud Migration Market Report Segment by Region
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Company Profiles
- Amazon Web Services, Inc.
- Accenture PLC
- Cisco Systems, Inc.
- Cognizant Technology Solutions Corp.
- Google LLC
- IBM Corp.
- Informatica LLC
- Microsoft Corp.
- NTT DATA, Inc.
- Oracle Corp.
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