Denmark ICT Market Size (2024 - 2029)

Denmark ICT Market Analysis

The Danish ICT market is expected to register a CAGR of 8.2% over the forecasted period. The Danish ICT landscape is changing at an unprecedented rate, owing mostly to the adoption and proliferation of novel apps and devices. Innovative technology developments such as mobility, cloud computing, analytics, and social media result in unique value chains and business models by establishing flexible organizations and improving the consumer experience. With more people using the Internet, broadband, and mobile phones, the ICT market can grow all over the country.

• Denmark's central, regional, and local governments have agreed on a new joint government digital strategy for 2022-2025. The strategy includes addressing labor shortages, mitigating climate change, and promoting digital inclusion. Denmark has one of the most digitized public sectors in the world. This is mainly due to the public sector's strong collaboration over the last two decades. Central, regional, and local governments have now approved the sixth Joint Government Digital Strategy.
• Recently, the Danish government signed the Berlin Declaration on Digital Society and Value-Based Digital Government, reaffirming its commitment, along with other EU Member States, to foster digital transformation so that citizens and businesses can take advantage of the benefits and opportunities provided by modern digital technologies. The Declaration aspires to contribute to a value-based digital transformation in European countries by addressing and promoting digital participation and inclusion. Such collaborations are expected to propel the market under consideration.
• To accelerate AI research in Denmark and gain more experience with the technology, specific goals have been established in four priority areas: health, energy and utilities, agriculture, and transportation. Furthermore, the country's AI strategy includes 24 programs across both the public and private sectors. DKK 60 million is set aside in the strategy for new ventures. Several public-sector hallmark AI projects, for example, are being carried out in collaboration with municipalities, regions, and private firms.
• During the COVID-19 epidemic, Denmark's public digital infrastructure proved its importance. With a significant degree of remote labor inside the state, regions, and municipalities, the digital infrastructure has enabled public service to stay at a high level. Furthermore, in response to COVID-19, the government launched a number of new digital services, including a contact-tracing app and digital booking of tests and vaccines. Furthermore, due to the pandemic, Danish individuals can now download their driving license from a mobile app and leave their physical driving license at home. People in Denmark have immediately adopted the new app, with over 500 000 downloads in the first 24 hours, about 750 000 in the first week, and now over 1 million.
• The increasing use of technologies such as cloud computing has led to the development of high-quality cloud-based applications. Cloud computing, which provides pay-as-you-go, low-cost computing resources, is rapidly gaining momentum as an alternative to traditional information technology (IT)-based organizations. As more users migrate their applications to cloud environments, service level agreements (SLAs) between customers and cloud providers become an essential factor to consider. Due to the dynamic nature of the cloud, quality of service (QoS) attributes must be constantly monitored to meet SLAs. As a result, cloud computing faces a QoS challenge. Specifically, how the service provider ensures her QoS is sufficient for cloud services.

Denmark ICT Industry Segmentation

Information and communications technology (ICT) is an extended term for information technology (IT) that encompasses a wide range of hardware, software, internet- and telecommunications-based services, social networking, media applications, and so on. The technology allows users to access, retrieve, store, send, and manipulate information in digital form. ICT technology has become more popular as the need for more advanced solutions like IoT, cloud computing, big data, content management, and so on has grown.

Denmark's ICT market is classified according to type (hardware, software, IT services, and telecommunication services), enterprise size (small and medium enterprises, large enterprises), and end-user vertical (BFSI, IT & Telecom, Government, Retail and E-Commerce, Manufacturing, Energy, and Utilities).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.