Cloud computing went mainstream in Europe in 2011 – yet in a sense, it’s just getting started. A lot of money has been spent developing cloud products and services, but so far the revenue stream is little more than a trickle. Nevertheless, there are many reasons to be cheerful about the European cloud market. This report examines the overall state of the marketplace, profiling the major providers of cloud services in Europe. It includes a leaderboard of cloud infrastructure players, and takes a detailed look at various local markets.