Norway Data Center Networking Market Market Size (2024 - 2029)

The Norway Data Center Networking Market is projected to experience significant growth over the forecast period, driven by the increasing demand for cloud computing among small and medium-sized enterprises, stringent government regulations for local data security, and rising investments from domestic players. This growth is reflected in the expansion of the market's capacity, including the anticipated increase in IT load capacity and the construction of additional raised floor areas. The market's expansion is further supported by the installation of a substantial number of racks and the development of submarine cable systems, enhancing connectivity and data handling capabilities in the region.

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Market Size of Norway Data Center Networking Industry

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Norway Data Center Networking Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Market Size (2024) USD 286.61 Million
Market Size (2030) USD 478.04 Million
CAGR (2024 - 2030) 8.90 %
Market Concentration Medium

Major Players

Norway Data Center Networking Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Norway Data Center Networking Market Analysis

The Norway Data Center Networking Market size is estimated at USD 286.61 million in 2024, and is expected to reach USD 478.04 million by 2030, growing at a CAGR of 8.90% during the forecast period (2024-2030).

  • The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
  • The upcoming IT load capacity of the Norway market is expected to reach 320 MW by 2029. The country's construction of raised floor area is expected to increase more than 1.5 million sq. ft by 2029.
  • The country's total number of racks to be installed is expected to reach 81,000 units by 2029. Greater Milan will likely house the maximum number of racks by 2029. There are close to 15 submarine cable systems connecting Norway, and many are under construction.

Norway Data Center Networking Industry Segmentation

Data center networking refers to the set of technologies, protocols, and hardware used to connect physical and network-based devices and manage the network infrastructure, storage, and processing of application and data. Data center networking is very critical for 100% uptime of data centers. In the current web-connected world, business workloads are executed on single computers, hence leading to the need for data center networking. Networks provide servers, clients, applications, and middleware with a standard plan to stage the execution of workloads and also to manage access to the data produced.

The Norway data center networking market is segmented by component type, including product (ethernet switches, router, storage area network (SAN), application delivery controller (ADC), and other networking equipment) and services (installation & integration, training & consulting, and support & maintenance). It caters to various end-users such as IT & telecommunications, BFSI, government, media & entertainment, and other end-users.

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

By Component
By Product
Ethernet Switches
Router
Storage Area Network (SAN)
Application Delivery Controller (ADC)
Other Networking Equipment
By Services
Installation & Integration
Training & Consulting
Support & Maintenance
End-User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End-Users
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Norway Data Center Networking Market Size Summary

The Norway Data Center Networking Market is poised for substantial growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and significant investments from local players. The market is experiencing a surge in IT infrastructure components due to the widespread adoption of cloud services, which are essential for supporting the digital transformation of enterprises. This trend is further bolstered by the expansion of 4G and 5G services, which necessitate robust data center networking systems to handle the growing volume of data. The rise of artificial intelligence, the Internet of Things, and big data workloads is also contributing to the demand for advanced data center network infrastructure solutions, enabling providers to enhance efficiency, scalability, and reliability.

The market is characterized by increased digitalization and the expansion of sectors such as telecommunications, data centers, and cloud computing, which are driving the use of high-bandwidth switches and Ethernet technologies. The introduction of higher bandwidth, high-performance, and scalable solutions is facilitating the growth of the data center networking market. Ethernet switches are becoming increasingly prevalent due to their application in industrial infrastructure, including smart grids and surveillance systems. The competitive landscape is marked by the presence of established players like Cisco Systems Inc., Dell EMC, IBM, HP Development Company, L.P., and NEC Corporation, who are continuously innovating to meet the evolving demands of the market. Recent developments, such as Cisco's introduction of the Nexus 9800 Series modular switches and IBM's launch of the Z and Cloud Modernization Center, highlight the ongoing efforts to enhance cloud infrastructure and accelerate digital transformation initiatives.

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Norway Data Center Networking Market Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Utilization of Cloud Storage is Driving the Market Growth

      2. 1.2.2 Rising Need for Backup and Storage is Expanding the Market Demand

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Skilled Professionals is Hindering the Market Demand

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Component

      1. 2.1.1 By Product

        1. 2.1.1.1 Ethernet Switches

        2. 2.1.1.2 Router

        3. 2.1.1.3 Storage Area Network (SAN)

        4. 2.1.1.4 Application Delivery Controller (ADC)

        5. 2.1.1.5 Other Networking Equipment

      2. 2.1.2 By Services

        1. 2.1.2.1 Installation & Integration

        2. 2.1.2.2 Training & Consulting

        3. 2.1.2.3 Support & Maintenance

    2. 2.2 End-User

      1. 2.2.1 IT & Telecommunication

      2. 2.2.2 BFSI

      3. 2.2.3 Government

      4. 2.2.4 Media & Entertainment

      5. 2.2.5 Other End-Users

Norway Data Center Networking Market Market Size FAQs

The Norway Data Center Networking Market size is expected to reach USD 286.61 million in 2024 and grow at a CAGR of 8.90% to reach USD 478.04 million by 2030.

In 2024, the Norway Data Center Networking Market size is expected to reach USD 286.61 million.

Norway Data Center Networking Market Report Snapshots

Norway Data Center Networking Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)