Infrastructure as a Service - Sweden

Sweden

Revenue in the Infrastructure as a Service market is projected to reach US$1.49bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.27%, resulting in a market volume of US$3.75bn by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$259.30 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

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Currency

Analyst Opinion

The Infrastructure as a Service market in Sweden is experiencing significant growth and development.

Customer preferences: Swedish customers are increasingly turning to Infrastructure as a Service (IaaS) solutions for their IT infrastructure needs. This is driven by several factors, including the need for scalability and flexibility in their operations. With IaaS, businesses can easily scale up or down their infrastructure resources based on their changing needs, without the need for significant upfront investment. Additionally, the ability to access infrastructure resources on-demand allows businesses to respond quickly to market changes and seize new opportunities.

Trends in the market: One of the key trends in the IaaS market in Sweden is the adoption of cloud-native technologies. Many businesses are embracing cloud-native architectures, which are designed specifically for cloud environments and offer enhanced scalability, reliability, and performance. This trend is driven by the increasing demand for modern application development and deployment practices, such as DevOps and microservices. Cloud-native technologies enable businesses to build and deploy applications more efficiently, resulting in faster time-to-market and improved agility. Another important trend in the IaaS market in Sweden is the growing focus on data security and privacy. With the increasing reliance on cloud infrastructure, businesses are becoming more aware of the potential risks associated with storing and processing sensitive data in the cloud. As a result, there is a growing demand for IaaS providers that offer robust security measures, such as data encryption, access controls, and compliance certifications. This trend is further reinforced by the implementation of the General Data Protection Regulation (GDPR) in the European Union, which requires businesses to protect the personal data of EU citizens.

Local special circumstances: Sweden has a highly developed IT infrastructure and a strong digital economy, which has created a favorable environment for the growth of the IaaS market. The country has a high internet penetration rate and a tech-savvy population, which are key drivers of demand for cloud services. Additionally, Sweden has a well-established startup ecosystem and a culture of innovation, which has led to the emergence of many technology-driven businesses that rely on IaaS solutions for their infrastructure needs.

Underlying macroeconomic factors: The growth of the IaaS market in Sweden is also influenced by several macroeconomic factors. Sweden has a stable economy and a high standard of living, which allows businesses to invest in advanced IT infrastructure solutions. Additionally, the country has a strong focus on sustainability and environmental responsibility, which has led to the adoption of green data centers and renewable energy sources in the IaaS market. This aligns with the global trend towards sustainable business practices and attracts environmentally conscious customers. In conclusion, the Infrastructure as a Service market in Sweden is experiencing significant growth and development. Customer preferences for scalability, flexibility, and data security are driving the adoption of IaaS solutions. The trends of cloud-native technologies and data security are shaping the market landscape. Sweden's strong IT infrastructure, digital economy, and focus on sustainability contribute to the growth of the IaaS 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.