Infrastructure as a Service - Denmark

Denmark

Revenue in the Infrastructure as a Service market is projected to reach US$1.02bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.54%, resulting in a market volume of US$2.49bn by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$315.10 in 2024.
In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

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Analyst Opinion

In Denmark, the Public Cloud Market for Infrastructure as a Service is experiencing steady growth, driven by factors such as increasing adoption of digital technologies and rising demand for convenient online services. This growth is impacted by the average growth rate in the market.

Customer preferences: As more companies in Denmark adopt cloud-based solutions for their IT infrastructure, there has been a noticeable increase in demand for Infrastructure as a Service (IaaS) in the Public Cloud Market. This trend is driven by a growing preference for cost-effective and scalable solutions, as well as the need for remote access and management of data. Additionally, with the rise of remote work and virtual collaboration, there has been a shift towards cloud-based tools and platforms to support these activities. Companies are also increasingly looking for IaaS solutions that offer high levels of security and data privacy, reflecting the cultural values of trust and protection in Denmark.

Trends in the market: In Denmark, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, as businesses seek to leverage the benefits of both public and private cloud. This trend is driven by the need for greater flexibility and scalability, as well as cost savings and improved security. As a result, cloud providers are investing in hybrid cloud offerings, while organizations are increasingly adopting multi-cloud strategies. This trend is expected to continue, with implications for industry stakeholders such as cloud providers, businesses, and consumers.

Local special circumstances: In Denmark, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's strong focus on sustainability and renewable energy. This has led to a growing demand for green cloud solutions, with providers offering carbon-neutral data centers and renewable energy options. Additionally, the country's high level of digitalization and tech-savvy population has created a favorable environment for the adoption of cloud services. This, combined with a supportive regulatory environment, has contributed to the rapid growth of the public cloud market in Denmark.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Denmark is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. The country's strong economy and stable fiscal policies have created an environment conducive to the growth of the public cloud market. Additionally, the increasing adoption of cloud computing by businesses and the growing demand for digital transformation are also contributing to the market's growth. Furthermore, Denmark's focus on sustainability and renewable energy is driving the demand for green cloud solutions, creating new opportunities for market players.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.