Infrastructure as a Service - Northern Europe

  • Northern Europe
  • Revenue in the Infrastructure as a Service market is projected to reach US$4.43bn in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.29%, resulting in a market volume of US$10.70bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

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

 
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Analyst Opinion

The Public Cloud Market in Northern Europe is experiencing average growth, with Infrastructure as a Service being a major contributor. Factors such as increasing adoption of cloud technologies and rising demand for online services are driving this growth.

Customer preferences:
As the Public Cloud Market continues to expand in Northern Europe, there has been a noticeable increase in the demand for Infrastructure as a Service. This can be attributed to the growing trend of businesses embracing cloud-based solutions for improved efficiency and cost-effectiveness. Additionally, the rise of remote work and flexible work arrangements has also fueled the need for scalable and accessible cloud infrastructure. With a strong emphasis on digital transformation and innovation, the Infrastructure as a Service Market is expected to witness continued growth in the coming years.

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, combining the benefits of both public and private clouds. This trend is driven by the need for cost-effective and efficient IT infrastructure, as well as the increasing adoption of cloud-based technologies. As a result, there is a growing number of partnerships and collaborations between public cloud providers and traditional IT companies. This trend is significant as it allows for a more diverse and flexible approach to cloud computing, enabling businesses to tailor their solutions to their specific needs. However, it also presents potential challenges for industry stakeholders, such as data security and compliance issues, which must be addressed to fully capitalize on the benefits of this trend.

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 focus on sustainability and environmental responsibility. This has led to a high demand for eco-friendly cloud solutions, such as renewable energy-powered data centers. Additionally, strict data privacy regulations, such as the General Data Protection Regulation (GDPR), have shaped the market dynamics by placing a strong emphasis on data security and compliance. These factors have contributed to the growth of Northern Europe's public cloud market and have made it a pioneer in sustainable and secure cloud services.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Northern Europe is heavily impacted by macroeconomic factors such as technological advancements, government support, and investment 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. Additionally, the growing digital transformation across industries and the increasing adoption of cloud-based solutions are driving the demand for Infrastructure as a Service in the public cloud market. The overall economic stability and growth of Northern European countries also play a significant role in driving market performance, as a strong economy leads to higher investments and spending on cloud services.

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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