My perspective as a Fortune 500 IT solutions architect… why would I spend a few million dollars and a year of project time to build out local infrastructure that’ll already be outdated by the time it’s installed, when I can just hand my developers and data team permissions on Azure to be able to immediately access the same or better resources for a fraction of the cost? Scale is value, and cloud service providers will always have far greater scale.
All major cloud providers have data centers in Europe.