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Web Hosting - Nordics

Nordics
  • In 2025, the projected revenue in the Web Hosting market for the Nordics is expected to reach US$6.13bn.
  • Looking ahead, the market is anticipated to exhibit a robust annual growth rate (CAGR 2025-2029) of 16.00%, resulting in a market volume of US$11.10bn by 2029.
  • Additionally, it is worth noting that the average Spend per Employee in the Web Hosting market is projected to reach US$399.15 in 2025.
  • In comparison to other countries, United States is expected to generate the highest revenue in the Web Hosting market globally, with an estimated amount of US$69.68bn in 2025.
  • In the Nordics, the Web Hosting market is growing rapidly due to the region's strong focus on digitalization and high demand for reliable and secure online services.

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCE: Statista Market Insights

NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

MOST_RECENT_UPDATE: Apr 2024

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCE: Statista Market Insights

Analyst Opinion

The Web Hosting market in Nordics has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for this growth is due to the increasing demand for online presence from businesses in the region. With the rise of e-commerce and digitalization, companies are looking for reliable and secure web hosting services to ensure their online platforms are always up and running. Additionally, customers in Nordics are known for their high standards when it comes to technology and expect nothing but the best in terms of performance and speed.

Trends in the market: The web hosting market in Nordics is highly competitive, with many local and international players vying for market share. One trend that has emerged in recent years is the increasing popularity of cloud-based hosting solutions. Cloud hosting offers several benefits over traditional hosting, including scalability, flexibility, and cost-effectiveness. As a result, many businesses in the region are switching to cloud-based hosting solutions to meet their growing needs.Another trend in the market is the focus on green and sustainable hosting solutions. With the growing concern for the environment, many web hosting providers in Nordics are investing in renewable energy sources to power their data centers. This not only helps to reduce their carbon footprint but also appeals to customers who are environmentally conscious.

Local special circumstances: Nordics is known for its high internet penetration rate, with over 95% of the population having access to the internet. This presents a significant opportunity for web hosting providers in the region to tap into a large and growing market. Additionally, the region's strong economy and high standard of living mean that businesses are willing to invest in quality web hosting services to ensure their online presence is top-notch.

Underlying macroeconomic factors: The growth of the web hosting market in Nordics can also be attributed to several underlying macroeconomic factors. The region's stable political environment, favorable business climate, and advanced technological infrastructure make it an attractive destination for web hosting providers looking to expand their operations. Additionally, the region's high GDP per capita and disposable income levels mean that businesses and consumers have the financial means to invest in quality web hosting services.

Global Comparison

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCES: Statista Market Insights, Financial Statements of Key Players, National statistical offices

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. 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. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

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 and the Russia-Ukraine war is considered at a country-specific level.

Technology

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Key Market Indicators

NOTES: Based on data from IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

OUTLOOK_EXPLORE_RELATED_TOPICS

IT services - Statistics & Facts

Unseen yet omnipresent, Information Technology (IT) services are the invisible gears driving modern organizations. These services support business operations and digital transformation through outsourcing, managed services, security, data management, and cloud computing. By leveraging these services, companies enhance efficiency, reduce costs, and gain competitive advantages in a digital marketplace. Prominent cloud providers worldwide include Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud. In the managed services sector, Oracle, Accenture, and IBM are among the largest providers globally.
OUTLOOK_MORE_DATA_ON_TOPIC
IT spending worldwide 2025
5.3tr USD
Global IT services spending 2024
1,6tr USD
Largest market for IT & business services
The Americas

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