70% of the entire European cloud market belongs to three American companies.

Omissions

• The figure refers primarily to the cloud infrastructure services (IaaS/PaaS) market; estimates vary slightly by source and year (roughly 65%–72%), so '70%' is a fair rounded figure.
• The same data set shows European cloud providers hold only about 15% of their own local market (Synergy Research Group), implying the remaining ~15% is held by other non-EU providers (e.g. Oracle, IBM, Alibaba) rather than European firms.
• CNBC's article was published on 2026-02-13, before the session date (2026-07-07), and its underlying Synergy data covers periods the MEP could have known.

Sources

• PrimarySynergy Research Group — European Cloud Providers' Local Market Share Now Holds Steady at 15%European cloud providers' market share dropped from 29% in 2017 to 15% in 2022, though it has stayed relatively constant at around 15% since; over that same period the European cloud market grew by a factor of six, reaching €61 billion (US$70 billion) in 2024.
• SecondaryCNBC — Four charts show Europe's reliance on U.S. digital infrastructureAmazon, Microsoft and Google control more than 70% of the European cloud market, while the European companies with the largest share of the market hold far less.
• SecondaryEuropean Parliament EPRS At-a-glance — European Software and Cyber Dependencies (2025)Cloud infrastructure: AWS, Microsoft Azure, and Google Cloud hold about 70% of the EU market.
• SecondaryTelecoms.com — European cloud players face declining market share as US hyperscalers clean upA report states that while EU cloud providers are growing revenues, their share of the market is declining as Amazon, Google, and Microsoft now account for 72% of the market.