Cloud computing
Cloud computing allows businesses to access computing resources
as services over the internet. The availability of this service
over the internet and on an on-demand basis reduces expenditure on
traditionally on-site resources, while allowing businesses to scale
quickly.
The European Commission support a transition towards cloud-based
IT solutions, with a target of 75% of EU enterprises adopting cloud
services within the next decade.
However, while cloud computing brings many advantages to EU
businesses, there are also some key concerns related to data
sovereignty, security and the environment.
Big tech dominance
The cloud computing market is dominated by American tech firms
like Amazon, Microsoft and Google. Amazon currently holds around
34% of the cloud infrastructure market with Microsoft's Azure
holding a 21% market share and Google Cloud with 11%.
