Partners that have invested in building public cloud delivery and management services can look forward to sustained market growth, according to IDC. As AI investments continue, the analyst predicts 19% CAGR for public cloud services to 2029 and says that GenAI will drive platform-as-a-service (PaaS) growth of 32% by 2026.
► Buyers maintain ‘business as usual’ approach despite market impacts
► Cloud remains crucial to manufacturing & supply chain
The firm’s latest Worldwide Software and Public Cloud Services Spending Guide says public cloud services investments in Europe will total $229 billion this year 2025 and reach $452 billion by 2029, growing at a compound annual growth rate (CAGR) of 19%.
Despite potential negative impacts, Andrea Minonne, research manager, IDC UK, says most European industries are taking a ‘business-as-usual' approach. ‘While sectors like automotive, consumer goods, chemical, and other manufacturing remain cautious, we don't foresee a substantial effect. Cloud continues to be crucial for manufacturing, enabling solutions that improve supply chain visibility, facilitate agile inventory management, and deliver real-time demand forecasting to manage market fluctuations.’
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