Public Cloud - Sweden

Sweden

Revenue in the Public Cloud market is projected to reach US$6,872.00m in 2024.
Software as a Service dominates the market with a projected market volume of US$3,140.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.71%, resulting in a market volume of US$16,200.00m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$1,197.00 in 2024.
In global comparison, most revenue will be generated in the United States (US$388.50bn in 2024).

Key regions: United States, Germany, China, Japan, United Kingdom

Definition:

A public cloud is defined as the digital infrastructure and computing resources that are managed by a service provider. Examples of public cloud computing resources include virtual machines, storage, and services, all of which are available for purchase with flexible (e.g., pay as you go and subscription) business models. Such payment options make it possible for customers to access, scale, and utilize resources as needed. Public cloud solutions make it possible for users to save on IT costs, increase their efficiency, and take advantage of advanced technologies without having to invest in long-term IT solutions. Public cloud service providers own and maintain the physical infrastructure, hardware, and software. Users only need to pay for the computing resources that they require. The Public Cloud market refers to the companies that provide these cloud computing resources and services to individuals, businesses, and organizations.

Structure:

The Public Cloud market is structured into five markets based on the type of service models provided by the companies.

The Infrastructure as a Service (IaaS) market covers the resources and services related to the data center infrastructure.
The Platform as a Service (PaaS) market covers the resources and services related to the virtual environments used for software development.
The Software as a Service market (SaaS) market covers the resources and services related to software applications that can be accessed via a web browser.
The Business Process as a Service (BPaaS) market covers the resources and services related to the various business processes such as finance and accounting, human resources, customer service, and supply chain management, all delivered through the cloud.
The Desktop as a Service (DaaS) market covers the resources and services related to virtual desktop environments, which are accessible from any device with an internet connection.

Additional Information:

The public cloud market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the public cloud market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud market in Sweden is experiencing steady growth, driven by factors such as increasing adoption of digital technologies, growing awareness of the benefits of online services, and the convenience offered by cloud computing. This growth is supported by the country's average growth rate, as well as the various sub-markets that make up the overall market. Factors such as government initiatives, technological advancements, and the demand for cost-effective solutions are impacting the growth rate of the Public Cloud market in Sweden.

Customer preferences: As Sweden's digital infrastructure continues to advance, consumer preferences are shifting towards more accessible and convenient solutions. This has led to a surge in demand for public cloud services, as individuals and businesses seek scalable and cost-effective solutions. Moreover, the rise in remote work and virtual collaboration has accelerated the adoption of cloud-based tools and applications. This trend is expected to continue as Sweden embraces a more digitally connected society.

Trends in the market: In Sweden, the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, as businesses look for flexibility and cost-effectiveness in their IT infrastructure. This trend is expected to continue, with the market projected to reach a value of $1.9 billion by 2024. This shift towards hybrid cloud is significant for industry stakeholders, as it offers the opportunity to optimize operations and improve agility. Additionally, the rise of hybrid cloud also presents potential implications for traditional on-premises software providers, as businesses increasingly turn to cloud-based solutions for their IT needs.

Local special circumstances: In Sweden, the Public Cloud Market is thriving due to the country's advanced digital infrastructure, high internet penetration, and strong data privacy laws. The Swedish government has also been actively promoting digitalization and cloud adoption, resulting in a highly competitive market with a wide range of cloud services available. Additionally, the country's strong focus on sustainability and green energy has led to an increase in demand for eco-friendly cloud solutions. These unique factors contribute to the rapid growth of the Public Cloud Market in Sweden.

Underlying macroeconomic factors: The Public Cloud Market in Sweden is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for digital transformation and remote work due to global economic trends and the COVID-19 pandemic are driving the adoption of public cloud solutions in Sweden. Moreover, the country's stable economic health and favorable fiscal policies contribute to a conducive market environment for the growth of the public cloud industry.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.