Market Trends of Norway Cybersecurity Industry
This section covers the major market trends shaping the Norway Cybersecurity Market according to our research experts:
Increasing Demand for Digitalization and Scalable IT Infrastructure drive the Norway Cybersecurity Market
- The increasing dependency on technology and digital infrastructure bring new risks and vulnerabilities. At the same time, it provides Norway with a tremendous strategic opportunity for developing cybersecurity competencies and solutions.
- Difi, Norway's Program for Digital Procurement, intends to expedite and improve public procurement by completely digitizing the procurement process. It will continue through 2024, with direct implementation costs estimated at NOK 91 million.
- The government intends to implement a new digitalization plan for the public sector. This digitization plan builds on the White Paper Digital Agenda for Norway. It will guide public administrations to accept change, exchange and reuse information more effectively, and enable user discussion.
- In Norway, eGovernment is part of a larger ICT/Information Society agenda that focuses on providing services to citizens while also developing the necessary back-office. Proper ICT use is critical to ensuring Norway's continuing economic growth and high employment. The policy's goal is to offer the public an increasing number of electronic services through the strategic use of ICT. Users benefit from the improved quality, availability, and flexibility of digital self-service solutions.
- According to a survey by Eurostat, since 2020, the proportion of rural homes with internet connectivity in Norway has climbed by 7 percent to 2021, and the balance of suburban houses with internet connectivity grew by 2 percent in 2021. Having 99 percent, the proportion of suburban households with internet connection reached its highest level throughout the study period.
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Cloud Services Driving the Norway Cybersecurity Market
- The increased understanding of the advantages of saving money and resources by transferring data to the cloud rather than establishing and maintaining new data storage is driving the demand for cloud-based solutions and consequent development in the use of on-demand security services.
- Due to these benefits, major corporations and SMEs in Norway are increasingly embracing cloud-based solutions. Cloud platforms and ecosystems are expected to serve as the driver for an increase in the speed and scope of digital innovation in the future years.
- Cloud services provide virtually unlimited capacity for data processing and storage. Cloud resources are only allocated to customer organizations when they are required. This ensures that businesses do not have to worry about running out of capacity if, for instance, a public service they provide is used more than expected. This is especially advantageous for businesses with services that are susceptible to overflow during peak periods, frequently without being able to predict their occurrence.
- Over many years, Norwegian governmental and commercial organizations have outsourced services. This enables companies to concentrate on their core competencies while outsourcing, for instance, IT services to a third party. Cloud computing has emerged as a major outsourcing option in recent years. More infrastructure and software services are being provided in the cloud. This also applies to services directed at the public sector.
- According to a study by the Norwegian Association of Local and Regional Authorities, the main drivers for municipalities adopting cloud computing were financial, a desire to focus on service development, scalability and flexibility, and making municipal services more accessible to citizens.
