How big is the Nordic Data Center Market?

The Nordic Data Center Market size is expected to reach USD 1.22 billion in 2024 and grow at a CAGR of 8.39% to reach USD 1.98 billion by 2029. Read More

What is the current Nordic Data Center Market size?

In 2024, the Nordic Data Center Market size is expected to reach USD 1.22 billion. Read More

Who are the key players in Nordic Data Center Market?

Stack Infrastructure Inc., atNorth, EcoDataCenter, Green Mountain AS (Azrieli Group) and Verne Holdings ehf are the major companies operating in the Nordic Data Center Market. Read More

What years does this Nordic Data Center Market cover, and what was the market size in 2023?

In 2023, the Nordic Data Center Market size was estimated at USD 1.12 billion. The report covers the Nordic Data Center Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nordic Data Center Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Nordic Data Center Market Size & Share Analysis - Industry Research Report

Nordic Data Center Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Nordic Data Center Market Report is Segmented by Data Center Size (Large, Massive, Medium, Mega, and Small), Tier Type (Tier 1 and 2, Tier 3, and Tier 4), Absorption (Non-Utilized and Utilized), and Country (Denmark, Norway, Sweden, Finland, and Iceland). The Market Sizes and Forecasts are Provided in Terms of Volume in Megawatt (MW) for all the Above Segments.

Nordic Data Center Industry Overview

The market is fragmented due to the presence of players like Stack Infrastructure Inc., atNorth, Verne Global, and EcoDataCenter, among others, which play a vital role in upscaling the capabilities of enterprises. Market orientation leads to a highly competitive environment. Increasingly, small and medium-sized businesses in the region are looking to manage their data, store information, and tap into the expertise of cloud services. This growing interest in storing data and media, as well as other forms of information, marks a significant expansion in the market. Furthermore, the steady growth of new data center establishments, mergers, and collaborations in the region is expected to drive up demand for data centers in the region.

December 2023: atNorth unveiled plans to build a new 60 MW+ data center, FIN04 DC, in Finland, with the first phase slated to launch in the second half of 2025.
October 2023: atNorth unveiled plans to build a data center facility, dubbed DEN01, in Copenhagen, Denmark, with a capacity of 30 megawatts. Its first phase is expected to be operational by the fourth quarter of 2024.
March 2024: Ardian, an investment firm, acquired Verne Global, committing up to USD 1.2 billion to expand Verne's existing facilities and enter new markets in Iceland, Finland, Sweden, Norway, and potentially other Northern European locations.