Infrastructure as a Service - Norway

  • Norway
  • Revenue in the Infrastructure as a Service market is projected to reach US$0.85bn 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 17.08%, resulting in a market volume of US$1.87bn 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 Infrastructure as a Service market in the Public Cloud market of Norway has been steadily growing, driven by factors such as the country's strong adoption of digital technologies and increasing awareness of the benefits of online health services. The average growth rate is influenced by factors such as government initiatives to promote digitalization and the increasing demand for cost-effective and flexible IT solutions.

Customer preferences:
As companies continue to embrace the Public Cloud Market in Norway, there has been a growing trend towards utilizing Infrastructure as a Service (IaaS) solutions. This shift is driven by the need for flexible and scalable IT infrastructure, as well as cost-saving benefits. Additionally, with the rise of remote work and the need for secure and reliable data storage, more businesses are turning to IaaS providers for their cloud computing needs. The cultural value of efficiency and innovation in Norway is also a contributing factor to the increasing preference for IaaS solutions.

Trends in the market:
In Norway, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a significant growth in demand for hybrid cloud solutions. This trend is driven by the need for organizations to have more control over their data and infrastructure while also taking advantage of the scalability and cost-effectiveness of the public cloud. Additionally, there is a growing focus on data security and compliance, leading to an increased adoption of managed cloud services. As a result, industry stakeholders are investing in hybrid cloud solutions and partnerships to meet the evolving needs of customers. This trend is expected to continue, with implications for increased competition and innovation in the market.

Local special circumstances:
In Norway, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's strong focus on sustainability and environmental protection. This has led to the development of green data centers and a demand for renewable energy sources in the market. Additionally, Norway's strict data privacy laws have created a secure and trustworthy environment for businesses to utilize cloud services. These factors set Norway apart from other markets and greatly impact the growth and adoption of public cloud infrastructure services in the country.

Underlying macroeconomic factors:
The growth of the Infrastructure as a Service Market within the Public Cloud Market in Norway is heavily influenced by macroeconomic factors such as the country's stable economic health, government support for digital infrastructure, and investments in advanced technologies. Norway's strong focus on sustainable development and its high ranking in the Global Innovation Index are also contributing to the growth of the market. Furthermore, the increasing demand for cost-effective and scalable IT solutions, along with the rising adoption of cloud computing by businesses, is driving the growth of the Infrastructure as a Service Market in Norway.

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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