1.0Market Snapshot
- 413
- Businesses in data processing, hosting and related activities in 2024 (BFS STATENT, NOGA 63.11), 8.4% more than in 2023. The Swiss data centres of global cloud providers and the in-house data centres of banks and pharma are not all counted here.
- 4,997
- Employees in data processing and hosting in 2024 (BFS STATENT), 4,387 full-time equivalents; 53.8% more than in 2011 but 2.1% fewer than in 2023.
- +27%
- Growth of Swiss data-centre floor space from 140,000 m² in 2020 to more than 178,000 m² in 2024 (federal data-centre study, Swiss Federal Office of Energy, 2026).
According to Val Index analysis of Swiss commercial-register and federal data (2026), Switzerland counts 413 cloud & hosting services companies — Businesses in data processing, hosting and related activities in 2024 (BFS STATENT, NOGA 63.11), 8.4% more than in 2023. The Swiss data centres of global cloud providers and the in-house data centres of banks and pharma are not all counted here..
2.0Industry Overview
Switzerland's cloud and hosting market is growing on the back of commercial data centres. The Swiss Federal Office of Energy's 2026 study found that data centres used about 2.1 TWh of electricity in 2024, 18% more than in 2019. Commercial providers, including the global hyperscalers, account for 44% of that consumption and are growing, while the in-house data centres of banks, pharma and public administration are stagnating. Data-centre floor space rose by 27% between 2020 and 2024, to more than 178,000 m², and the study expects consumption to rise by a further 20–54% by 2030.
3.0Industry Health Check (SWOT)
- Demand for Swiss data residency from banks, insurers, health and public sector
- Small providers next to global hyperscalers
- Swiss Government Cloud procurement (CHF 246.9 million credit)→ §4.0
- Price pressure from hyperscalers with Swiss regions
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Cloud & Hosting Services business valuation in Switzerland
- Statutory Multiple (EBITDA)
- 5.0 - 7.0×
- Deal Multiple (EBITDA)
- 6.5 - 9.0×
- Market Trend
- Rising
Indicative ranges based on market research. Actual multiples vary by company size, growth, and market conditions.
8.0Regional Clusters
Zurich
114 businesses with 1,951 employees in 2024 (BFS STATENT), 39.0% of the national total; Nine and VSHN are registered here.
Western Switzerland
74 businesses with 899 employees; Infomaniak is registered in Geneva and Akenes (Exoscale) in Lausanne.
Bern and Solothurn
35 businesses with 896 employees, 25.6 per business.
Central Switzerland
67 businesses with 426 employees; CloudSigma is registered in Zug.
Northwestern Switzerland
52 businesses with 449 employees; Green Datacenter is registered in Lupfig.
Eastern Switzerland
40 businesses with 312 employees.
Ticino
21 businesses with 58 employees.
Sources
9.0Frequently Asked Questions
▶How much is a cloud or hosting company worth in Switzerland?
ValIndex's multiples table puts Swiss cloud and hosting at 6.5–9.0× EBITDA in transactions and 5.0–7.0× EBITDA on statutory valuations. Providers with long contracts with regulated customers and their own infrastructure sit at the upper end; resellers of hyperscaler capacity at the lower end.
▶What drives the value of a Swiss hosting provider?
Buyers price: (1) recurring contract revenue and churn; (2) the share of regulated customers such as banks, insurers and public bodies; (3) data-centre capacity and power contracts; (4) certifications and security; (5) customer concentration; (6) the age of the hardware.
▶How big is the Swiss cloud and data-centre market?
There is no official market size. Swiss data centres used about 2.1 TWh of electricity in 2024 and had more than 178,000 m² of floor space (BFE study). BFS counts 413 businesses in data processing and hosting with 4,997 employees (2024); hyperscalers' Swiss data centres are not all included.
▶Who are the main Swiss cloud and hosting providers?
Swiss providers include Infomaniak in Geneva, Green Datacenter in Lupfig, Akenes (Exoscale) in Lausanne, Nine and VSHN in Zurich and CloudSigma in Zug. Global hyperscalers also run Swiss cloud regions.
▶What are the key trends in Swiss cloud and hosting?
Five trends: (1) rising data-centre power use; (2) growth of commercial providers while in-house data centres stagnate; (3) Infomaniak's stock-market listing; (4) the dispute over federal cloud contracts with hyperscalers; (5) the build-out of a Swiss Government Cloud.
▶What are the main risks when buying a Swiss hosting business?
The main risks are: (1) price pressure from hyperscalers; (2) high and rising electricity costs; (3) heavy investment needs for hardware and data centres; (4) dependence on a few customers; (5) security incidents and outages. Due diligence should check contract terms, churn, power contracts, hardware age and certifications.
▶How much electricity do Swiss data centres use?
Swiss data centres used about 2.1 TWh in 2024, 18% more than the 1.77 TWh measured in 2019. The federal study expects consumption to rise by a further 20–54% by 2030, and by up to 70% in one scenario (IT Reseller, May 2026).
▶Where are Swiss hosting providers located?
Using BFS figures for 2024: Zurich has the most data processing and hosting businesses (114, with 1,951 employees), followed by Western Switzerland (74; 899), Central Switzerland (67; 426), Northwestern Switzerland (52; 449), Eastern Switzerland (40; 312), Bern and Solothurn (35; 896) and Ticino (21; 58).