The Spain cloud market size reached USD 5.31 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 27.40 Billion by 2033, exhibiting a growth rate (CAGR) of 20.00% during 2025-2033. The Spain cloud market is experiencing considerable growth, driven by the increasing adoption of hybrid and multi-cloud solutions, digital transformation initiatives, and a rise in remote work. Apart from that, data sovereignty concerns, advancements in AI, and the demand for scalable, cost-efficient infrastructure are also acting as growth-inducing factors.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 5.31 Billion |
Market Forecast in 2033 | USD 27.40 Billion |
Market Growth Rate 2025-2033 | 20.00% |
Rising Focus on Cloud Infrastructure
Spain’s cloud services market is experiencing a strong push from enterprises looking to improve data access, operational efficiency, and regulatory compliance. As organizations move away from on-premises systems, they are prioritizing cloud platforms that offer better scalability and regional control. Moreover, local data centers are becoming a key requirement for businesses in finance, healthcare, and government, where data sovereignty laws and fast processing are essential. The need to support large-scale applications and AI models is also contributing to the demand for reliable cloud infrastructure across the country. In line with this, in June 2024, Oracle announced a USD 1 Billion investment to establish its third cloud region in Madrid. The company’s collaboration with Telefónica España plays a significant role in expanding secure, low-latency access to cloud services. This development helps Spanish enterprises run AI workloads, manage sensitive data locally, and adopt hybrid cloud setups that meet industry standards. The added infrastructure also helps organizations transition more easily from legacy systems to modern cloud-native environments. Oracle’s move is reinforcing Spain’s position as a growing technology hub. It reflects a broader trend where global cloud providers are investing in local capacity to align with national digital strategies and deliver faster, more reliable services to end users across regions.
AI-Driven Cloud Investments Expanding
Spain is seeing stronger momentum in cloud investment as enterprises seek platforms that can support AI integration, analytics, and real-time processing. Digital transformation across industries especially telecom, public services, and retail is pushing the need for faster and more secure cloud-based systems. The shift includes demand for specialized AI tools, model training environments, and infrastructure that meets data residency laws. Cloud providers offering integrated solutions and strong compliance frameworks are increasingly favored in this environment. In June 2024, Microsoft launched its first cloud region in Madrid, supported by a USD 2.1 Billion investment. The initiative aligns with Spain’s digital strategy and is expected to add €10.7 Billion to the national GDP while generating 77,000 jobs by 2030. Microsoft is delivering localized cloud and AI services that meet the operational needs of Spanish companies and government institutions with this development. The new region enables quicker deployment of generative AI applications, secure data storage, and resilient infrastructure for innovation. It also provides cloud access with low latency and better performance for local developers and users. Microsoft’s entry not only strengthens Spain’s digital economy but also highlights a growing trend of AI-focused cloud expansion across Southern Europe.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on component, type, enterprise size, and end user.
Component Insights:
The report has provided a detailed breakup and analysis of the market based on the component. This includes solution and services.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes public cloud, private cloud, and hybrid cloud.
Enterprise Size Insights:
The report has provided a detailed breakup and analysis of the market based on the enterprise size. This includes large enterprises and small and medium enterprises.
End User Insights:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes BFSI, IT and telecom, government, healthcare, retail and e-commerce, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Spain, Eastern Spain, Southern Spain, and Central Spain.
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.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Components Covered | Solution, Services |
Types Covered | Public Cloud, Private Cloud, Hybrid Cloud |
Enterprise Sizes Covered | Large Enterprises, Small and Medium Enterprises |
End Users Covered | BFSI, IT and Telecom, Government, Healthcare, Retail and E-commerce, Others |
Regions Covered | Northern Spain, Eastern Spain, Southern Spain, Central Spain |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: