Public Cloud - Sweden

Sweden

Revenue in the Public Cloud market is projected to reach US$6,872.00m in 2024.
Software as a Service dominates the market with a projected market volume of US$3,140.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.71%, resulting in a market volume of US$16,200.00m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$1,197.00 in 2024.
In global comparison, most revenue will be generated in the United States (US$388.50bn in 2024).

Key regions: United States, Germany, China, Japan, United Kingdom

Definition:

A public cloud is defined as the digital infrastructure and computing resources that are managed by a service provider. Examples of public cloud computing resources include virtual machines, storage, and services, all of which are available for purchase with flexible (e.g., pay as you go and subscription) business models. Such payment options make it possible for customers to access, scale, and utilize resources as needed. Public cloud solutions make it possible for users to save on IT costs, increase their efficiency, and take advantage of advanced technologies without having to invest in long-term IT solutions. Public cloud service providers own and maintain the physical infrastructure, hardware, and software. Users only need to pay for the computing resources that they require. The Public Cloud market refers to the companies that provide these cloud computing resources and services to individuals, businesses, and organizations.

Structure:

The Public Cloud market is structured into five markets based on the type of service models provided by the companies.

The Infrastructure as a Service (IaaS) market covers the resources and services related to the data center infrastructure.
The Platform as a Service (PaaS) market covers the resources and services related to the virtual environments used for software development.
The Software as a Service market (SaaS) market covers the resources and services related to software applications that can be accessed via a web browser.
The Business Process as a Service (BPaaS) market covers the resources and services related to the various business processes such as finance and accounting, human resources, customer service, and supply chain management, all delivered through the cloud.
The Desktop as a Service (DaaS) market covers the resources and services related to virtual desktop environments, which are accessible from any device with an internet connection.

Additional Information:

The public cloud market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the public cloud market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud market in Sweden has been experiencing significant growth in recent years, driven by customer preferences for flexible and scalable computing resources, as well as the increasing adoption of cloud-based solutions across industries.

Customer preferences: Swedish customers are increasingly looking for cloud solutions that offer flexibility, scalability, and cost-effectiveness. They prefer to pay for the resources they use, rather than investing in and maintaining their own infrastructure. This has led to a growing demand for Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) offerings in the country. Additionally, Swedish customers value data security and privacy, making them more inclined to choose cloud providers that comply with strict data protection regulations.

Trends in the market: One of the key trends in the Public Cloud market in Sweden is the adoption of hybrid cloud solutions. Many Swedish companies are opting for a combination of public and private clouds, allowing them to take advantage of the scalability and cost-effectiveness of public clouds while maintaining control over sensitive data in private clouds. This trend is driven by the need for flexibility and data security. Another trend in the market is the increasing use of cloud-based analytics and artificial intelligence (AI) solutions. Swedish companies are leveraging the power of the cloud to analyze large volumes of data and gain valuable insights. This is particularly relevant in industries such as finance, healthcare, and manufacturing, where data-driven decision-making is crucial.

Local special circumstances: Sweden has a highly developed digital infrastructure, with a strong focus on internet connectivity and data security. The country has a high internet penetration rate and a well-established network infrastructure, making it an attractive market for cloud service providers. Additionally, Sweden has strict data protection regulations, such as the General Data Protection Regulation (GDPR), which ensures the privacy and security of customer data. This creates a favorable environment for cloud adoption.

Underlying macroeconomic factors: The growth of the Public Cloud market in Sweden is also influenced by macroeconomic factors. The country has a strong economy and a high level of digitalization, which drives the demand for cloud services. Additionally, the COVID-19 pandemic has accelerated the adoption of cloud solutions, as companies have had to quickly adapt to remote work and digital business models. The need for remote collaboration tools, data storage, and cloud-based applications has increased, further fueling the growth of the Public Cloud market in Sweden. In conclusion, the Public Cloud market in Sweden is experiencing significant growth due to customer preferences for flexible and scalable computing resources, the adoption of hybrid cloud solutions, and the increasing use of cloud-based analytics and AI. The country's strong digital infrastructure, focus on data security, and favorable macroeconomic factors contribute to the growth of the market.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.