Infrastructure as a Service - Estonia

Estonia

Revenue in the Infrastructure as a Service market is projected to reach US$33.58m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.89%, resulting in a market volume of US$86.72m by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$44.50 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 Estonia is experiencing steady growth and development, driven by several key factors.

Customer preferences: Estonian customers are increasingly opting for Infrastructure as a Service solutions due to their flexibility, scalability, and cost-effectiveness. By using Infrastructure as a Service, businesses in Estonia can avoid the high upfront costs associated with building and maintaining their own IT infrastructure. Instead, they can access the necessary computing resources on-demand, paying only for what they use. This allows businesses to scale their infrastructure up or down as needed, making it an attractive option for companies of all sizes. Additionally, Infrastructure as a Service providers often offer a wide range of services and tools, allowing customers to customize their infrastructure to meet their specific needs.

Trends in the market: One of the key trends in the Infrastructure as a Service market in Estonia is the increasing adoption of cloud computing. As more businesses in Estonia recognize the benefits of cloud computing, they are turning to Infrastructure as a Service providers to help them migrate their infrastructure to the cloud. This trend is driven by the desire to improve efficiency, reduce costs, and enhance agility. Additionally, the COVID-19 pandemic has accelerated the adoption of cloud computing, as businesses in Estonia have had to quickly adapt to remote work and digitalization. Another trend in the Infrastructure as a Service market in Estonia is the growing demand for hybrid cloud solutions. Many businesses in Estonia are adopting a hybrid cloud approach, which combines the use of both public and private cloud infrastructure. This allows businesses to take advantage of the scalability and cost-effectiveness of public cloud services, while also maintaining control over sensitive data and applications through private cloud infrastructure. Infrastructure as a Service providers in Estonia are responding to this trend by offering hybrid cloud solutions that seamlessly integrate with existing on-premises infrastructure.

Local special circumstances: Estonia has a highly developed digital infrastructure, making it an ideal environment for the growth of the Infrastructure as a Service market. The country has a high internet penetration rate and a tech-savvy population, which creates a favorable environment for the adoption of cloud services. Additionally, Estonia has a strong startup culture and a supportive business environment, which encourages innovation and entrepreneurship. This has led to the emergence of several local Infrastructure as a Service providers, offering specialized services tailored to the needs of Estonian businesses.

Underlying macroeconomic factors: The Infrastructure as a Service market in Estonia is also influenced by broader macroeconomic factors. The country has a stable economy and a favorable business environment, which attracts foreign investment and encourages the growth of the IT sector. Additionally, Estonia is a member of the European Union, which provides access to a large market and promotes cross-border collaboration. These factors contribute to the overall growth and development of the Infrastructure as a Service market in Estonia.

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.