Public Cloud - Sweden

  • Sweden
  • Revenue in the Public Cloud market is projected to reach €6,372.00m in 2024.
  • Software as a Service dominates the market with a projected market volume of €2,854.00m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.96%, resulting in a market volume of €15,180.00m 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 Sweden is experiencing steady growth, driven by factors such as increasing adoption of digital technologies, growing awareness of the benefits of online services, and the convenience of cloud-based solutions. This market is comprised of various sub-markets, each with its own growth rate, contributing to the overall average growth rate. Factors such as government initiatives, technological advancements, and the demand for scalable and cost-effective solutions are impacting this growth rate.

Customer preferences:
The demand for public cloud services in Sweden has been driven by a shift towards digital solutions for businesses. With an increasing number of companies adopting remote work models, cloud-based collaboration tools and data storage solutions have become essential for efficient and secure operations. This trend is expected to continue as companies prioritize flexibility and scalability in their operations. Additionally, the growing concern for data privacy and security has led to a surge in demand for cloud-based cybersecurity solutions, further driving the growth of the public cloud market in Sweden.

Trends in the market:
In Sweden, the Public Cloud Market is experiencing a surge in demand for hybrid and multi-cloud solutions, as organizations seek to optimize their IT infrastructure and improve agility. This trend is driven by the country's strong digital infrastructure and progressive regulatory environment. As a result, there is a growing focus on cloud-native technologies and digital transformation initiatives. This has significant implications for industry stakeholders, as they must adapt to the changing landscape and invest in technologies that enable seamless integration and management of cloud services. Additionally, this trend highlights the need for skilled professionals in cloud computing and related fields, creating opportunities for job growth and talent development in the country.

Local special circumstances:
In Sweden, the Public Cloud Market is heavily influenced by the country's strong digital infrastructure and tech-savvy population. With a high internet penetration rate and advanced telecommunications network, the market is well-positioned for growth. Additionally, the country's strong focus on sustainability and data privacy regulations make it an attractive location for data storage and cloud services. The government's support for digital innovation and investment in emerging technologies further drives the market's development.

Underlying macroeconomic factors:
The growth of the Public Cloud Market is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with strong government policies, advanced technological capabilities, and favorable investment climate are experiencing faster market growth compared to countries with limited government support and slower technological adoption. Additionally, the increasing demand for data storage and management, as well as the rising popularity of remote working and online services, are driving the demand for public cloud solutions in both the private and public sectors.

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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