Public Cloud - Denmark

  • Denmark
  • Revenue in the Public Cloud market is projected to reach €4,501.00m in 2024.
  • Software as a Service dominates the market with a projected market volume of €2,087.00m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.17%, resulting in a market volume of €10,370.00m by 2029.
  • In global comparison, most revenue will be generated in the United States (€360.20bn in 2024).

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

 
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Analyst Opinion

The Public Cloud market in Denmark is seeing mild growth, influenced by factors such as increasing adoption of digital technologies, growing awareness of cloud services, and the convenience of online solutions. This growth is driven by the sub-markets of Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service.

Customer preferences:
Consumers in Denmark are showing a growing preference for digital solutions that streamline and simplify their daily lives. This has led to a rise in demand for public cloud services, as individuals and businesses alike seek more efficient and cost-effective ways to manage and store their data. Additionally, the shift towards remote work and online collaboration has accelerated the adoption of public cloud solutions, further driving the market's growth. This trend is likely to continue as the country embraces digital transformation and increasingly relies on technology for everyday activities.

Trends in the market:
In Denmark, the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, as companies seek to balance the benefits of public and private cloud services. This trend is significant as it allows businesses to customize their cloud infrastructure to meet their specific needs while still taking advantage of the scalability and cost-efficiency offered by public cloud providers. Furthermore, this trend has implications for industry stakeholders, such as cloud service providers, as they must adapt their offerings to cater to this growing demand for hybrid cloud solutions. Additionally, the trajectory of this trend suggests that hybrid cloud services will continue to be a dominant force in the Danish Public Cloud Market in the coming years.

Local special circumstances:
In Denmark, the Public Cloud Market is flourishing due to the country's strong emphasis on sustainability and green energy. This has led to the development of innovative cloud solutions that prioritize energy efficiency and reduce carbon footprint. Additionally, Denmark's culture of trust and transparency has paved the way for adoption of cloud services among businesses and government agencies. This unique combination of environmental consciousness and trust-driven business practices has made Denmark a leading player in the global Public Cloud Market.

Underlying macroeconomic factors:
The Public Cloud Market in Denmark is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in cloud infrastructure. With a strong focus on digital transformation, Denmark has a favorable regulatory environment and substantial investments in cloud computing, driving market growth. Additionally, the country's stable economy and sound fiscal policies provide a supportive environment for businesses to adopt public cloud solutions. Furthermore, the increasing demand for cost-effective and scalable IT solutions, coupled with the rise of remote work and e-commerce, is fueling the growth of the public cloud market in Denmark.

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.

Vue d’ensemble

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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