Cloud computing is set to improve the economies of those in the European Union significantly as the technology is more widely adopted helping cut costs and improve efficiencies.
According to research from the Centre for Economics and Business Research (CEBR) commissioned by EMC the top five EU economies could see a €177bn annual boost to their economies by 2015.
In five years the annual economic benefit of cloud computing would be €30bn in the UK with Germany gaining the most with €49.6bn coming from the technology. The technology will also help create 2.4m jobs, with some of those being hired in the channel."This technology has become a business driver capable of creating market and business opportunities: not just affecting a company's bottom line, but a country's bottom line as well," stated the CEBR report.
As well as country's benefiting from the economic benefits the ripple effects will spread out to suppliers in the channel.
"If companies across France, Germany, Italy, Spain and the UK continue to adopt cloud technology as expected, €73.5 billion will be created through expanded business development opportunities and new business creation," the report added.