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European public cloud spend set to soar

Spending on the public cloud will hit $258 billion by 2026, up from $148 billion this year

Spending on public cloud services in Europe will top $148 billion this year

Spending on public cloud services in Europe will top $148 billion this year, according to a new forecast from research firm IDC.

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It estimates that spending will grow at a 22 per cent compound annual growth (CAGR) between 2021 and 2026 to reach $258 billion.

Professional services, banking and discrete manufacturing will remain the top industries in terms of adoption, absorbing 36 per ...