Infrastructure as a Service - Northern Europe

Northern Europe

Revenue in the Infrastructure as a Service market is projected to reach US$4.52bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.25%, resulting in a market volume of US$10.90bn by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$244.40 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

Market

Region

Region comparison

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Analyst Opinion

The Infrastructure as a Service market in Northern Europe is experiencing steady growth in the Public Cloud market, driven by factors such as increasing demand for digital services, growing awareness of the benefits of cloud technology, and the convenience of online solutions. This average growth rate is impacted by the region's strong focus on innovation and investment in digital infrastructure.

Customer preferences: The Infrastructure as a Service Market within the Public Cloud Market in Northern Europe has seen a rise in demand for cloud-based solutions that support remote work and collaboration. This trend is driven by the increasing adoption of remote work policies and the need for businesses to remain agile and competitive in a fast-paced digital landscape. Additionally, the demand for scalable and cost-effective cloud infrastructure has led to the emergence of multi-cloud strategies, where organizations utilize a combination of public and private cloud services to optimize their operations.

Trends in the market: In Northern Europe, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, as organizations seek more flexibility and cost-effectiveness. Additionally, there is a growing trend towards multi-cloud strategies, as businesses look to diversify their cloud environments and avoid vendor lock-in. These trends are significant as they highlight the increasing adoption of cloud services and the need for a more tailored and diverse approach to cloud infrastructure. For industry stakeholders, this presents opportunities for partnerships and innovation in delivering hybrid and multi-cloud solutions to meet evolving customer needs.

Local special circumstances: In Northern Europe, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the region's strong emphasis on sustainability and environmental responsibility. This has led to a high demand for green and energy-efficient solutions, driving the growth of eco-friendly cloud services. Additionally, the region's strict data privacy regulations have created a demand for secure and compliant cloud infrastructure, leading to a surge in demand for locally-based IaaS providers.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Northern Europe is influenced by macroeconomic factors such as technological advancements, government regulations, and investments in digital infrastructure. Countries with supportive regulatory frameworks and strong investments in digital infrastructure are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Moreover, the increasing adoption of cloud computing in various industries, along with the growing trend of remote working, is driving the demand for Infrastructure as a Service solutions in the region. Additionally, the economic stability of Northern European countries and their focus on digital transformation are contributing to the growth of the Infrastructure as a Service Market within the Public Cloud Market.

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.