Cloudsail Digital Solutions, a leading provider of cloud-based services, is excited to announce its expansion to Cologne, Germany. The company will open a new office in the thriving city at Im Mediapark 5, Köln, positioning itself to capitalize on the rapidly growing German cloud computing market.
In 2020, the German cloud computing industry had total revenues of $15.1 billion, representing a compound annual growth rate (CAGR) of 27.2% between 2016 and 2020. The Software as a Service (SaaS) segment was the most valuable, with total revenues of $9.1 billion, accounting for 60.3% of the industry's overall value.
The strong growth in the German cloud computing market is driven by increasing demand for digital interconnectivity and a surge in remote work due to the COVID-19 pandemic. By expanding to Cologne, Cloudsail will be better positioned to serve its clients in Germany and throughout Europe while taking advantage of the growing market opportunities.
Cloudsail's new Cologne office will be located within the STARTPLATZ incubator, a renowned hub for startups and innovators in the Rheinland ecosystem. This strategic move will enable Cloudsail to access a large network of startups, mentors, and investors, as well as expert advice and coaching, to accelerate its growth in the German market.
Cloudsail Digital Solutions is committed to delivering innovative cloud solutions and services to businesses worldwide. This expansion to Cologne, Germany, marks an exciting milestone in the company's growth and its ongoing commitment to providing exceptional service to its clients. By focusing on the thriving German cloud market and leveraging the resources available in Cologne, Cloudsail is poised for continued success in the European market.