Kim Van Sparrentak· Verts/ALE

Nuanced

The EU spends EUR 250 billion on US cloud services each year

Omissions

• The figure cited (€250 billion) is slightly lower than recent estimates of €260-264 billion found in studies from 2025
• US providers hold approximately 70-85% of the European cloud market according to Synergy Research Group
• The spending represents significant technological dependence on American providers
• Sources citing this data were published after the claim date (March 2026) but contain data from 2024-2025 that would have been available

Sources

• SecondaryYahoo Finance - Asteres ReportAsteres estimates EU spending on US cloud services at $264 billion (approximately €264 billion) annually
• SecondaryIterates - Europe and the US cloud dependenceDependence on US cloud services represents €264 billion a year, approximately 1.5% of European GDP
• SecondaryCNBC - Europe's reliance on US digital infrastructureU.S. companies hold 85% of the European cloud market per Synergy Research Group data
• TertiaryLinkedIn - Michael Mellott on Europe cloud spendingEurope's €260bn Cloud Spending on US providers