Infrastructure as a Service - Finland

  • Finland
  • Revenue in the Infrastructure as a Service market is projected to reach US$0.96bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.89%, resulting in a market volume of US$2.28bn by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$332.40 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 Finland has been experiencing steady growth in recent years, driven by customer preferences for scalable and cost-effective cloud solutions. With a strong emphasis on digitalization and innovation, Finnish businesses are increasingly turning to Infrastructure as a Service (IaaS) to meet their IT infrastructure needs.

Customer preferences:
Finnish businesses are known for their tech-savvy nature and their willingness to adopt new technologies. This has translated into a strong demand for IaaS solutions, as companies seek to leverage the benefits of cloud computing. The scalability and flexibility offered by IaaS allows businesses to easily adapt to changing needs and scale their infrastructure as required. Additionally, the cost-effectiveness of IaaS solutions appeals to Finnish businesses, as it allows them to reduce their IT infrastructure costs and allocate resources more efficiently.

Trends in the market:
One of the key trends in the IaaS market in Finland is the increasing adoption of hybrid cloud solutions. Finnish businesses are recognizing the benefits of combining private and public cloud environments, as it allows them to leverage the security and control of private clouds while taking advantage of the scalability and cost-effectiveness of public clouds. This trend is driven by the need for flexibility and agility in the rapidly evolving business landscape. Another trend in the market is the growing focus on data security and compliance. Finnish businesses are highly conscious of data privacy and security regulations, and they prioritize providers that offer robust security measures and comply with relevant regulations. This has led to an increased demand for IaaS solutions that provide strong data protection and compliance capabilities.

Local special circumstances:
Finland's geographic location and climate present unique challenges for businesses, particularly in terms of data center operations. The country's cold climate provides natural cooling advantages, reducing the energy consumption of data centers and making them more environmentally friendly. Additionally, Finland's political stability and reliable infrastructure make it an attractive location for data center investments.

Underlying macroeconomic factors:
Finland's strong digital infrastructure and high internet penetration rate have created a favorable environment for the growth of the IaaS market. The country's robust technology sector and supportive government policies have also contributed to the development of a thriving cloud computing ecosystem. Furthermore, the increasing digitalization of industries and the need for agile IT infrastructure have driven the demand for IaaS solutions in Finland. In conclusion, the Infrastructure as a Service market in Finland is witnessing steady growth due to customer preferences for scalable and cost-effective cloud solutions. The adoption of hybrid cloud solutions and the focus on data security and compliance are key trends in the market. Finland's unique geographic advantages and supportive business environment further contribute to the growth of the IaaS market in the country.

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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