UK Cloud Computing Market

UK Cloud Computing Market Overview:

The UK cloud computing market size reached USD 23.75 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 93.89 Billion by 2032, exhibiting a growth rate (CAGR) of 15.70% during 2024-2032. The increasing demand for scalable and cost-effective information technology (IT) solutions, advancements in hybrid and multi-cloud infrastructure, the surge in remote work and digital transformation, soaring data security needs, and burgeoning investment in innovation are some of the factors accelerating the market growth.

UK Cloud Computing Market Trends:

Increasing Demand for Scalable and Cost-Effective IT Solutions

One of the key reasons behind the expansion of UK cloud computing industry is its cost-effective and scalable IT solutions. Typically, traditional on-premises IT infrastructure implies substantial investments on hardware and software, operations overhead, and maintenance costs. Cloud computing minimizes such expenses by utilizing a pay-as-you-go model, where businesses only have to pay for the resources that they use. This flexibility enables enterprises to both expand and scale their IT resources as required at any given time, avoiding over-provisioning of services, thus reducing capital expenditure. Moreover, cloud solutions also reduces the need for expansive IT management onsite, minimizing operational expenses, further propelling the market growth.

Advancements in Cloud Infrastructure and Services

The rapid development of cloud infrastructure and services is one of the primary factors stimulating the market growth. The rise of hybrid and multi-cloud environments, where companies can connect and control a mix of public and private clouds delivered through multiple providers, is another growth-inducing factors. Hybrid cloud solutions offers the benefits of private and public clouds by enabling companies to preserve sensitive data on business-owned servers, while using provider-managed services for less crucial operations. This type of design offers improved flexibility and better resource utilization, which is further accelerating the market growth.

Rise of Remote Work and Digital Transformation

Increased adoption of remote work and digital transformation are the key factors responsible for the market growth. With the rapid spread of the COVID-19 pandemic, business sectors around the world are compelled to transition their employees to work-from-home (WHF) without losing productivity. Cloud computing enables access to applications, data and tools for collaboration from anywhere/any place with an internet connection. Moreover, digital transformation projects are pressing companies to restructure their IT environment, which has further surged the use of cloud-based solutions in processes to significantly improve efficiency and promote innovation.

UK Cloud Computing Market News:

• In 2024, Amazon Web Services (AWS) announced a significant investment of £8 billion in the UK over the next decade. This investment will support the expansion of AWS infrastructure, including new data centers and cloud services. The initiative aims to enhance AWS's cloud capabilities and support the growing demand for cloud computing in the UK.
• In 2023, Salesforce announced the availability of its Data Cloud on Hyperforce in the UK, effective from July 31, 2024. This development allows UK businesses to store data locally, adhering to regulatory requirements while leveraging advanced security and scalability features. Hyperforce enhances operational efficiency by enabling companies to manage large datasets, scale resources, and integrate salesforce services more easily.

UK Cloud Computing Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on service, deployment, workload, enterprise size, and end-use.

Service Insights:

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)
   

The report has provided a detailed breakup and analysis of the market based on the service. This includes infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).

Deployment Insights:

• Public
• Private
• Hybrid
   

A detailed breakup and analysis of the market based on the deployment have also been provided in the report. This includes public, private, and hybrid.

Workload Insights:

• Application Development and Testing
• Data Storage and Backup
• Resource Management
• Orchestration Services
• Others
   

The report has provided a detailed breakup and analysis of the market based on the workload. This includes application development and testing, data storage and backup, resource management, orchestration services, and others.

Enterprise Size Insights:

• Large Enterprises
• Small and Medium Enterprises
   

A detailed breakup and analysis of the market based on the enterprise size have also been provided in the report. This includes large enterprises and small and medium enterprises.

End-Use Insights:

• BFSI
• IT and Telecom
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Healthcare
• Media and Entertainment
• Government and Public Sector
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end-use. This includes BFSI, IT and telecom, retail and consumer goods, manufacturing, energy and utilities, healthcare, media and entertainment, government and public sector, and others.

Regional Insights:

• London
• South East
• North West
• East of England
• South West
• Scotland
• West Midlands
• Yorkshire and The Humber
• East Midlands
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

UK Cloud Computing Market Report Coverage:

Key Questions Answered in This Report:

• How has the UK cloud computing market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the UK cloud computing market?
• What is the breakup of the UK cloud computing market on the basis of service?
• What is the breakup of the UK cloud computing market on the basis of deployment?
• What is the breakup of the UK cloud computing market on the basis of workload?
• What is the breakup of the UK cloud computing market on the basis of enterprise size?
• What is the breakup of the UK cloud computing market on the basis of end-use?
• What are the various stages in the value chain of the UK cloud computing market? 
• What are the key driving factors and challenges in the UK cloud computing?
• What is the structure of the UK cloud computing market and who are the key players?
• What is the degree of competition in the UK cloud computing market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK cloud computing market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the UK cloud computing market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK cloud computing industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.