Infrastructure as a Service - Sweden

  • Sweden
  • Revenue in the Infrastructure as a Service market is projected to reach US$1.49bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.27%, resulting in a market volume of US$3.75bn by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$259.30 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

The Infrastructure as a Service market in Sweden is experiencing steady growth within the Public Cloud market, driven by factors such as increased utilization of digital technologies and growing awareness of the benefits of online health services. This growth is influenced by the country's average growth rate and the demand for more efficient and cost-effective cloud solutions in various industries.

Customer preferences:
As cloud computing becomes more prevalent in Sweden, consumers are increasingly looking for Infrastructure as a Service solutions to meet their growing computing needs. This trend is driven by a desire for greater flexibility and scalability in their operations, as well as the need for cost-effective solutions. Additionally, the rise of the gig economy and remote work has led to a demand for cloud-based infrastructure to support a mobile workforce. This has also coincided with a shift towards digital and virtual collaboration tools, reflecting a changing work culture and lifestyle preferences.

Trends in the market:
In Sweden, the Infrastructure as a Service market within the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions. This trend is driven by the need for businesses to have a flexible and scalable IT infrastructure, as well as the growing adoption of digital transformation initiatives. As a result, there is a rise in the use of multi-cloud strategies, combining public and private cloud services. This trend is significant as it allows organizations to tailor their cloud solutions to their specific needs and maximize cost efficiency. However, it also presents challenges for industry stakeholders, such as managing multiple vendors and ensuring seamless integration between different cloud environments. As the trend towards hybrid cloud continues to grow, it will be crucial for stakeholders to adapt and provide comprehensive solutions to meet the evolving needs of the market.

Local special circumstances:
In Sweden, the Infrastructure as a Service market within the Public Cloud Market is heavily influenced by the country's commitment to sustainability and green initiatives. This has led to a strong focus on energy-efficient data centers and renewable energy sources. Additionally, Sweden's strict data privacy laws and high level of digitalization have created a favorable environment for the growth of the public cloud market. These factors have attracted major players in the industry and are driving the country's position as a leading market for Infrastructure as a Service within the Public Cloud Market.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Sweden is heavily impacted by macroeconomic factors, including global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's strong economy and stable political environment have created a favorable market for cloud services, with high levels of investment and adoption. Additionally, Sweden's robust digital infrastructure and supportive regulatory environment have enabled the country to be a leader in the adoption of cloud technologies. The increasing demand for digital transformation and the need for cost-effective and scalable solutions have also contributed to the growth of the Infrastructure as a Service Market within the Public Cloud Market in Sweden.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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