Infrastructure as a Service - Finland

Revenue in the Infrastructure as a Service market is projected to reach US$945.10m in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.97%, resulting in a market volume of US$2.25bn by 2029.
In global comparison, most revenue will be generated United States (US$77.05bn in 2024).

Definition:

Infrastructure as a Service (IaaS) refers to the type of public cloud service that provides virtualized computing resources. IaaS offers on-demand access to virtual machines, storage, and networking components, thus allowing users to build, deploy, and manage IT infrastructure without the need to invest in physical hardware. IaaS offers scalability, flexibility, and cost-efficiency by requiring users to pay only for the resources they consume. The IaaS market includes the companies that provide these types of public cloud resources and services to individuals, businesses, and organizations. A typical example of this type of service is Amazon Web Services (AWS). AWS provides a wide range of virtual machines, storage, and networking resources that users can access on demand to build and manage their IT infrastructures.

Additional Information:

The Infrastructure as a Service (IaaS) 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 IaaS market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Server capabilities, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, and Google Compute Engine (GCE)
Computing resources, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, and Google Compute Engine (GCE)
Storage resources, such as Amazon Elastic Block Store (EBS), Azure Blob Storage, and Google Cloud
Network capabilities, such as Google Cloud Interconnect and Alibaba Cloud Express Connect

Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite
Desktop-as-a-Service (DaaS), such as Amazon WorkSpaces, Microsoft Windows Virtual Desktop, VMware Horizon Cloud, and Citrix Virtual Apps and Desktops
Platform-as-a-Service (PaaS), such as Heroku, AWS Elastic Beanstalk, Google App Engine, Microsoft Azure App Service, and IBM Cloud Foundry
Software-as-a-Service (SaaS), such as Google Workspace, Microsoft 365, Salesforce, Zoom, and Slack
System infrastructure software, such as Microsoft Windows Server, Linux distributions, VMware for virtualization, and Cisco’s networking software
Private cloud services, such as IBM Cloud Private, Microsoft Azure Stack HCI, and VMware vCloud Suite

The Infrastructure as a Service market in Finland is witnessing average growth, fueled by factors like the rising demand for digital solutions, growing awareness of healthcare among consumers, and the convenience of online services. This has led to a significant increase in the Public Cloud market in the country.

Customer preferences: As more businesses and organizations in Finland embrace the use of public cloud services, there has been a growing demand for Infrastructure as a Service (IaaS) solutions. This trend is driven by the need for flexibility, scalability, and cost-efficiency in managing IT infrastructure. Additionally, the rise of remote work and distributed teams has further accelerated the adoption of IaaS, as organizations look for ways to support a remote workforce and ensure secure access to critical data and applications.

Trends in the market: In Finland, there is a growing trend of using Infrastructure as a Service (IaaS) in the Public Cloud Market, with businesses shifting towards cloud-based solutions for their computing needs. This trend is driven by the increasing demand for cost-effective and scalable infrastructure, as well as the need for remote access and collaboration capabilities. As a result, IaaS providers are expanding their offerings and investing in the development of new technologies, such as serverless computing and hybrid cloud solutions. This trajectory is significant for industry stakeholders, as it presents opportunities for growth and innovation, but also challenges in terms of data security and regulatory compliance. Overall, the growing adoption of IaaS in the Public Cloud Market in Finland is expected to bring about increased efficiency, flexibility, and competitiveness for businesses in the country.

Local special circumstances: In Finland, the Infrastructure as a Service market within the Public Cloud Market is heavily influenced by the country's advanced digital infrastructure and tech-savvy population. Additionally, the government's push for digital transformation and data privacy regulations have created a favorable environment for the market's growth. The country's high adoption of cloud services in both the public and private sectors also plays a significant role in driving the demand for Infrastructure as a Service. Furthermore, Finland's strategic location between Europe and Asia contributes to its potential as a data center hub, attracting global cloud service providers to establish a presence in the country.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Finland is greatly impacted by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. Finland's strong economic health and steady growth in recent years have created a favorable environment for the growth of the public cloud market. Additionally, the country's focus on digitalization and investments in infrastructure development have further propelled the demand for Infrastructure as a Service solutions. Furthermore, Finland's strategic location and well-developed technology sector make it an ideal market for cloud service providers, attracting investments and fostering market growth.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.