Infrastructure as a Service - Finland

  • Finland
  • In Finland, revenue in the 0 market is projected to reach US$0.95bn in 2024.
  • The Infrastructure as a Service market dominates the market in Finland with a projected market volume of 0 in 2024.
  • Revenue in this sector is expected to show an annual growth rate (CAGR 2024-2029) of 18.82%, leading to a market volume of US$2.25bn by 2029.
  • In a global context, most revenue will be generated the United States, which is expected to reach US$77,050.00m in 2024.
  • Finland's Infrastructure as a Service in the Public Cloud market is increasingly driven by a surge in demand for sustainable and energy-efficient solutions.

Key regions: United Kingdom, China, France, Netherlands, Germany

 
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Analyst Opinion

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.

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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