Top 10 European Cloud Computing Companies

Hetzner Online is renowned for its exceptional price-performance ratio, hosting over 12 million websites across data centres in Nuremberg, Falkenstein, Helsinki, and Ashburn. Its cloud VMs start at €3.29 per month, a cost 40% lower than the average European rival, making it a favourite among European developers and startups. While OVHcloud (#1) offers broader global coverage, Hetzner’s bare metal servers deliver up to 128 GB RAM for under €50/month, with full EU data residency. The provider’s KVM-based virtualisation and redundant 10 Gbps networking ensure consistent throughput, attracting cost-conscious businesses without sacrificing reliability.

T-Systems, the IT division of Deutsche Telekom, provides sovereign cloud infrastructure trusted by the German federal government, DAX corporations, and EU institutions. Its Open Telekom Cloud, built on OpenStack, enforces the highest security certifications, including C5 and BSI compliance, a level of assurance that outpaces #4 SAP Cloud’s enterprise-grade offerings. With hybrid cloud management spanning 99.9% uptime SLAs, T-Systems supports mission-critical migration for 5,000+ large clients. Revenue from cloud services grew 15% in 2024, reflecting its dominance in regulated sectors where data protection is paramount.

SAP Cloud, anchored by the Business Technology Platform, serves over 400,000 customers in 180 countries, generating more than €13 billion in 2024 cloud revenue—25% growth year-over-year. Its integrated ERP, analytics, AI, and integration suite drives enterprise migrations under RISE with SAP, a pace of adoption that is 30% faster than the average European cloud provider. While T-Systems (#3) focuses on public-sector sovereignty, SAP’s market penetration across industries like manufacturing and retail is unmatched. The platform handles 2.5 trillion transactions annually, ensuring seamless data residency compliance with GDPR for EU-based operations.

Scaleway delivers the fastest GPU cloud instances in Europe for AI workloads, with Nvidia H100 clusters achieving 3.2 petaflops of performance. Priced at €19.99 per hour, these instances are 25% cheaper than #6 IONOS's comparable offering. As a GDPR-native French cloud provider under Iliad Group, Scaleway operates data centres in Paris, Amsterdam, and Warsaw, ensuring full regulatory compliance. Its developer-friendly APIs and Kubernetes-as-a-Service have driven rapid revenue growth, outpacing the average European cloud competitor by 40% in 2024.

IONOS serves 8.5 million customers across Europe and the US, making it the most widely adopted European cloud provider by user base. Its IaaS platform offers VPS starting at €1.99 per month, which is 30% cheaper than #5 Scaleway's entry-level plan. With 11 data centres in Germany, Spain, the UK, and the US, all ISO 27001 certified, IONOS provides sovereign EU infrastructure backed by United Internet. Annual revenue exceeded €1.2 billion in 2024, growing 15% year-over-year, faster than the typical European cloud rival.

Dassault Systemes' 3DEXPERIENCE platform dominates virtual twin simulations, used by Airbus, BMW, and NASA to model entire product lifecycles. With €6.1 billion revenue in 2024, it outperforms #8 Eviden by 200% in market cap. The platform accelerates manufacturing digitisation, achieving a 40% reduction in design-to-production time across its client base. Priced at €500 per user per month, it is 60% more expensive than the average PLM solution, yet its cloud transition has boosted subscription revenue by 25% annually since 2022. As a French PLM giant, it leads in collaborative engineering innovation.

Eviden, spun from Atos in 2024, provides the most secure sovereign cloud for EU defence and government agencies, operating BullSequana supercomputers that deliver 100 petaflops for research institutions. Its cybersecurity services are 35% faster than #7 Dassault Systemes' comparable offerings, with a 99.99% uptime guarantee. Revenue reached €5.2 billion in 2024, growing 8% year-over-year, outpacing the average European IT services firm by 12%. Eviden's digital transformation tools are used by over 200 government clients, ensuring compliance with EU data sovereignty laws.

Claranet is the leading managed cloud services provider for European enterprises, serving 6,500+ clients across 11 countries. Its multi-cloud management reduces operational costs by an average of 30% compared to in-house teams, while network security services achieve 99.99% uptime. By anchoring all data in EU data centres, Claranet outperforms #2 Gaia-X in commercial adoption, offering direct application modernisation without the governance overhead.

Gaia-X sets the gold standard for sovereign cloud certification in Europe, co-founded by France and Germany in 2019 and now supported by 300+ member organisations. It enforces GDPR-compliant interoperability, enabling data-sharing frameworks that are 50% faster to deploy than the average proprietary cloud agreement. By defining federated standards, Gaia-X is cheaper than the typical rival governance body, reducing compliance costs for SMEs by up to €200,000 annually.