Market Size of denmark data center Industry
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 250.6 MW |
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Market Volume (2029) | 332.1 MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 5.79 % |
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Fastest Growing by Tier Type | Tier 4 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Denmark Data Center Market Analysis
The Denmark Data Center Market size is estimated at 250.6 MW in 2024, and is expected to reach 332.1 MW by 2029, growing at a CAGR of 5.79%. Further, the market is expected to generate colocation revenue of USD 247.4 Million in 2024 and is projected to reach USD 564.2 Million by 2029, growing at a CAGR of 17.93% during the forecast period (2024-2029).
USD 247.35 Million
Market Size in 2024
USD 564.2 Million
Market Size in 2029
17.9%
CAGR (2017-2023)
17.95%
CAGR (2024-2029)
IT Load Capacity
250.6 MW
Value, IT Load Capacity, 2024
The IT load capacity of the data center market will have steady growth and is expected to achieve 332.09 MW by 2029. The ongoing trend of OTT services and rising sinternet penetration is increasing the need of data storage in the country.
Total Raised Floor Space
Sq. Ft. 0.96 M
Volume, Raised Floor Space, 2024
Rising 4G adoption and the impending 5G wave are encouraging telecom companies to make investments in the data center market. In 2024, more than 98% of the population in the country was connected via 4G.
Installed Racks
48,201
Volume, Installed Racks, 2024
The country's total number of installed racks is expected to reach 63,863 units by 2029. Copenhagen is expected to house the maximum number of racks by 2029.
# of DC Operators & DC Facilities
16 and 34
Volume, DC Facilities, 2024
There were 34 colocation data center facilities in Denmark. Majorly, factors that contribute to the growth of the data center in the country are cloud adoption, smartphone penetration, and growing digitization.
Leading Market Player
12.7%
Market Share, GlobalConnect AB, 2023
GlobalConnect AS was the leading player in the Danish market in the historical period, with five facilities and 21 MW in operation, followed by Bulk Infrastructure Group AS, operating with 20 MW in a single facility.
Tier 3 data center accounted for majority share in terms of volume in 2023, and tier 4 is expected to dominate through out the forecasted period
- The tier 3 segment’s capacity is expected to reach 72.77 MW in 2023, and it is projected to exhibit a CAGR of 3.64%, surpassing 131.6 MW by 2029. However, the tier 4 segment is projected to record a CAGR of 24.4% to reach a capacity of 205.54 MW by 2029.
- Tier 1 & 2 facilities may gradually lose their demand and display a decrease in growth in the coming years. Tier 1 & 2 facilities are expected to hold a market share of nearly 0.6% by 2029, with minimal growth due to the prolonged and inconsistent outages. Most users are expected to eventually switch to tier 3 and 4 facilities, holding 38.8% and 60.6% of market shares, respectively, owing to the increased demand for storing, processing, and analyzing data.
- The BFSI sector of the economy is expanding. In recent years, Denmark has seen a rise in online and mobile banking use. As of December 2022, 94.35% of Danish consumers were using internet banking, which increased from 71% in 2010. This necessitates the construction of wholesale and hyperscale facilities that have tier 3 and 4 requirements, driven by the rising demand for e-banking and online transactions.
- Tier 4 data centers are expected to expand significantly in the future since many businesses are providing cloud-based services, resulting in more businesses constructing facilities to provide colocation spaces with the best technology.
Denmark Data Center Industry Segmentation
Copenhagen are covered as segments by Hotspot. Large, Massive, Medium, Mega, Small are covered as segments by Data Center Size. Tier 1 and 2, Tier 3, Tier 4 are covered as segments by Tier Type. Non-Utilized, Utilized are covered as segments by Absorption.
- The tier 3 segment’s capacity is expected to reach 72.77 MW in 2023, and it is projected to exhibit a CAGR of 3.64%, surpassing 131.6 MW by 2029. However, the tier 4 segment is projected to record a CAGR of 24.4% to reach a capacity of 205.54 MW by 2029.
- Tier 1 & 2 facilities may gradually lose their demand and display a decrease in growth in the coming years. Tier 1 & 2 facilities are expected to hold a market share of nearly 0.6% by 2029, with minimal growth due to the prolonged and inconsistent outages. Most users are expected to eventually switch to tier 3 and 4 facilities, holding 38.8% and 60.6% of market shares, respectively, owing to the increased demand for storing, processing, and analyzing data.
- The BFSI sector of the economy is expanding. In recent years, Denmark has seen a rise in online and mobile banking use. As of December 2022, 94.35% of Danish consumers were using internet banking, which increased from 71% in 2010. This necessitates the construction of wholesale and hyperscale facilities that have tier 3 and 4 requirements, driven by the rising demand for e-banking and online transactions.
- Tier 4 data centers are expected to expand significantly in the future since many businesses are providing cloud-based services, resulting in more businesses constructing facilities to provide colocation spaces with the best technology.
| Hotspot | |
| Copenhagen | |
| Rest of Denmark |
| Data Center Size | |
| Large | |
| Massive | |
| Medium | |
| Mega | |
| Small |
| Tier Type | |
| Tier 1 and 2 | |
| Tier 3 | |
| Tier 4 |
| Absorption | |||||||||||||||||
| Non-Utilized | |||||||||||||||||
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Denmark Data Center Market Size Summary
The Denmark data center market is experiencing significant growth, driven by the increasing demand for data storage, processing, and analysis. This growth is largely attributed to the expansion of digital services such as e-banking, online transactions, and cloud-based services, which necessitate the development of advanced data center facilities. The market is witnessing a shift towards tier 3 and tier 4 data centers, which offer enhanced capabilities to meet the rising demands of various sectors, including BFSI and e-commerce. The proliferation of smartphone usage and the surge in OTT subscriptions are further fueling the need for robust data infrastructure to support the growing data traffic and consumer spending on digital content.
The market landscape is characterized by a fragmented structure, with key players like Bulk Infrastructure Group AS, Colt Technology Services, GlobalConnect AB, Interxion, and NNIT AS holding significant shares. Innovations such as immersed cooling techniques are being adopted to enhance energy efficiency in data centers. Recent developments include strategic acquisitions and expansions, such as Penta Infra's entry into the Nordic market and STACK Infrastructure's plans for a new data center campus in Denmark. These initiatives underscore the dynamic nature of the market, as companies strive to enhance their offerings and cater to the evolving needs of data-driven businesses.
Denmark Data Center Market Size - Table of Contents
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1. MARKET SEGMENTATION (INCLUDES MARKET SIZE IN VOLUME, FORECASTS UP TO 2029 AND ANALYSIS OF GROWTH PROSPECTS)
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1.1 Hotspot
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1.1.1 Copenhagen
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1.1.2 Rest of Denmark
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1.2 Data Center Size
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1.2.1 Large
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1.2.2 Massive
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1.2.3 Medium
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1.2.4 Mega
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1.2.5 Small
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1.3 Tier Type
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1.3.1 Tier 1 and 2
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1.3.2 Tier 3
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1.3.3 Tier 4
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1.4 Absorption
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1.4.1 Non-Utilized
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1.4.2 Utilized
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1.4.2.1 By Colocation Type
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1.4.2.1.1 Hyperscale
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1.4.2.1.2 Retail
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1.4.2.1.3 Wholesale
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1.4.2.2 By End User
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1.4.2.2.1 BFSI
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1.4.2.2.2 Cloud
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1.4.2.2.3 E-Commerce
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1.4.2.2.4 Government
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1.4.2.2.5 Manufacturing
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1.4.2.2.6 Media & Entertainment
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1.4.2.2.7 Telecom
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1.4.2.2.8 Other End Users
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Denmark Data Center Market Size FAQs
What is the current Denmark Data Center Market size?
The Denmark Data Center Market is projected to register a CAGR of 5.79% during the forecast period (2024-2029).
Who are the key players in Denmark Data Center Market?
Bulk Infrastructure Group AS, Colt Technology Services, GlobalConnect AB, Interxion (Digital Reality Trust Inc.) and NNIT AS are the major companies operating in the Denmark Data Center Market.
