Data Center Construction Market in Nordic -Denmark to Dominate the Market in Terms of Revenue Share by 2023 | Arizton

According to a research report by Arizton the data center construction market in Nordic will reach values of approximately $6 billion by 2023 in terms of revenue, growing at a CAGR of more than 8% during 2018-2023. On the other hand the market revenues in Sweden alone will cross $1.5 billion.

It is very much clear that data center construction market in Sweden is going to witness huge growth in the next five years.
However the data center construction market in Denmark will remain dominant in the Nordic Regions constituting of more than half of the market share. Still the market in Sweden is going to gain huge traction and going to emerge as the fastest growing market in Nordic.

View the latest report: https://www.arizton.com/market-reports/data-center-construction-market-nordic

The analysis of data center construction market both in Denmark and Sweden and their contribution to the Nordic data center construction market are as followings:

Data Center Construction Market in Denmark

Denmark dominated over half of the market share in 2017, growing at a CAGR of more than 4% during the forecast period.

The increasing investment by hyperscale operators such as Facebook, Bulk Infrastructure, and Google on the Havfrue/AEC-2 submarine fiber cable will fuel the growth of this region in the Nordic market. Furthermore, the presence of multiple colocation providers such as Colt Technology Services, Interxion, TeliaSonera, and CenturyLink, will boost revenues in Denmark during the forecast period. The increasing adoption of cloud-based services across the country and Denmark’s close proximity to other European countries will help vendors expand their businesses in the Nordic market. Furthermore, Denmark’s reduce electricity tax rates will propel the development in the Nordic data center construction market during the forecast period.

Data Center Construction Market in Sweden

Sweden occupied a significant market share in 2017, growing at a CAGR of over 13% during the forecast period.

The increasing investments by Equinix, Interxion, Hydro66, Multigrid, Boderlight, H&M, Fortlax, Amazon Web Service, ArticSite, EcoDataCenter, The Future of Mining, and GothNet is one of the major factors attributing to the growth of the Sweden region in the data center construction market in Nordic.

The Swedish government has reduced the electricity tax rate by 97% enabling local and global providers to construct new facilities in this country. The adoption of cloud-based application for the business operational purpose by several established companies will create new opportunities for colocation providers in the data center construction market in Nordic. The abundance of renewable energy sources, low-cost electricity, and initiatives to encourage district heating will transform the market in Sweden during the forecast period. For instance, Sweden Data Parks enables cheaper OPEX by reducing the cooling cost of data center development to almost zero in exchange for supplying waste heat to nearby households.

More information available in the latest Market Research Report - Nordic Data Center Construction Market - Industry Outlook and Forecast 2018-2023

https://www.arizton.com/market-reports/data-center-construction-market-nordic

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