2026-07-08 07:56 UTC
Results? EU depends on US tech
Amazon, Microsoft and Google now account for 70% of the European cloud market while European providers only capture 15% of their domestic market
This is down from 29% in 2017. However, European providers have more than tripled their revenues from 2017 to 2024, but the market grew by a factor of six
This dependence on US technology has spiralled into security concerns, as the American 2018 CLOUD Act gives the US access to data collected in overseas data centres
Replies (1)
-
@rafa_font@mastodon.online 2026-07-08 08:18
Payment processors are another huge area of reliance. Visa and Mastercard dominate European card payments: 13 eurozone countries route over 96% of their card transactions through them. For the UK this rises to 98% – a duopoly. European counterparts struggle to capture their domestic market. Several EU members have created national card schemes that work domestically, but rely on third-party processors internationally. Wero has been launched as a pan-European alternative