openPR Logo
Press release

Iceland Data Center Market to Witness Investment of USD 543 Million by 2028 - Arizton

Iceland Data Center Market Research Report by Arizton

Iceland Data Center Market Research Report by Arizton

According to Arizton's latest research report, the Iceland data center market will grow at a CAGR of 12.63% from 2022 to 2028.

Get Insights on 07 Existing Data Centers and 1 Upcoming Facility across Iceland.

To Know More, Download the Free Sample Report:

Data center investments in Iceland over the next 2-3 years expect to be aggressive and high due to investments from local operators. The market is attracting hyperscale operators to open their cloud regions due to the abundant availability of renewable energy sources and free air cooling.

Reykjavik is the data center hub in Iceland, hosting most of the data centers in the country. Other cities, such as Keflavik, are also likely to attract investments due to low land costs and high land space available for facility development.

Key Highlights

Iceland is the strategic location for the development of data center facilities because it has abundant availability of renewable energy sources, tax exemptions, and availability of labor.

In 2022, Iceland witnessed the investment from Verne Global and atNorth in two data center facilities, which opened and were under construction.

Iceland has the presence of five submarine cables - CANTAT-3, DANICE, FARICE-1, Greenland Connect, and IRIS, which will connect Iceland with Germany, Denmark, the UK, the Faroe Islands, and others.

Reykjavik is the primary data center hub, with most existing third-party data centers. Other cities such as Keflavik, Akureyri, and Blönduós are the emerging data center locations.

Investment Opportunities

atNorth, Borealis Data Center, and Verne Global are major colocation data center operators, operating around seven data center facilities across the country.

In June 2023, atNorth announced the launch of their data center facility ICE03, located in Akureyri in the north of Iceland. The facility is said to have an initial capacity of 12 MW.

In September 2022, Borealis Data Center, an Icelandic data center firm, acquired a facility outside Reykjavik at Korputorgi from Islandsbanki.

In 2022, Borealis Data Center announced the launch of a new HPC building at the Blönduós site by increasing the capacity at the site by 12 MW.

Why Should You Buy This Research?

Market size available in the investment, area, power capacity, and Iceland colocation market revenue.

An assessment of the data center investment in Iceland by colocation, hyperscale, and enterprise operators.

Investments in the area (square feet) and power capacity (MW) across cities in the country.

A detailed study of the existing Iceland data center market landscape, an in-depth industry analysis, and insightful predictions about market size during the forecast period.

Snapshot of existing and upcoming third-party data center facilities in Iceland

Facilities Covered (Existing): 07

Facilities Identified (Upcoming): 01

Coverage: 2 Cities

Existing vs. Upcoming (Area)

Existing vs. Upcoming (IT Load Capacity)

Data Center Colocation Market in Iceland

Market Revenue & Forecast (2022-2028)

Retail Colocation Pricing

The Iceland data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.

A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.

Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.

A transparent research methodology and the analysis of the demand and supply aspects of the industry.

Buy this Research @

Post-Purchase Benefit              
1hr of free analyst discussion             
10% of customization 

About the Report:
This report analyses the Iceland data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

The Report Includes the Investment in the Following Areas:
IT Infrastructure
Storage Systems
Network Infrastructure

Electrical Infrastructure
UPS Systems
Switches & Switchgear
Other Electrical Infrastructure

Mechanical Infrastructure
Cooling Systems
Other Mechanical Infrastructure

Cooling Systems
CRAC and CRAH Units
Chillers Units
Cooling Towers, Condensers, and Dry Coolers
Other Cooling Units

General Construction
Core & Shell Development
Installation & Commissioning Services
Engineering & Building Design
Fire Detection & Suppression
Physical Security

Tier Standard
Tier I & Tier II
Tier III
Tier IV

Vendor Landscape

IT Infrastructure Providers


Cisco Systems

Dell Technologies

Hewlett Packard Enterprise

Huawei Technologies

Hitachi Vantara




Data Center Construction Contractors & Sub-Contractors


Support Infrastructure Providers

Alfa Laval




Schneider Electric




Data Center Investors

Borealis Data Center


Verne Global

Key Questions Answered in the Report:
What will be the market size of the Iceland data center market?
How many data centers are there in Iceland?
What is the growth rate of the Iceland data center market?
What are the driving factors in the Iceland data center market?
Who are the key investors in the Iceland data center market in 2022?

Get Detailed TOC @

Why Arizton?                       
100% Customer Satisfaction                       
24x7 availability - we are always there when you need us                       
200+ Fortune 500 Companies trust Arizton's report                       
80% of our reports are exclusive and first in the industry                       
100% more data and analysis                       
1500+ reports published till date                            

About Us:                                                            

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.                                                          

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.                                                           

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.                                                                             

Contact Us                                                         
Call: +1-312-235-2040                                                        
          +1 302 469 0707                                                       
Contact Us:                                                         

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Iceland Data Center Market to Witness Investment of USD 543 Million by 2028 - Arizton here

News-ID: 3317443 • Views:

More Releases from Arizton Advisory & Intelligence

Over 3.99 Million Units Of Garage Doors Expected to be Sold in the U.S. By 2029, Broadening a Growth Opportunity of $820 Million
Over 3.99 Million Units Of Garage Doors Expected to be Sold in the U.S. By 2029, …
According to the latest report by Focus Reports by Arizton, The U.S. Garage Door Market is projected to expand at a CAGR of 3.74% to reach USD 4.18 billion by 2029 from $3.36 in 2024. Rising construction activities, fuelled by population growth and urbanization, drive this market's growth. The increasing demand for single-family and multifamily constructions has notably surged the need for residential garage doors. Simultaneously, the construction boom in
Robust Growth in Pet Supplement Market in US & Europe, Exclusive Focus Report by Arizton
Robust Growth in Pet Supplement Market in US & Europe, Exclusive Focus Report by …
Explosive Growth in US Pet Supplements Market, Chewable Pet Supplements Gain Popularity, Promoting Pet Health, and Reducing Stress The US pet supplements market to reach $1.3 billion by 2028, growing at a CAGR of 7.6% during 2022-2028. To Know More, Download the Free Sample Report: The US pet supplements market is growing significantly due to a shift toward science-based and veterinarian-formulated supplements, high demand for natural/herbal pet supplements, increasing pet ownership, and
Roofing Industry Set to Scale New Heights, Elevate Your Business Strategy with Invaluable Focused Insights
Roofing Industry Set to Scale New Heights, Elevate Your Business Strategy with I …
Arizton provides in-depth market insight reports on the US roofing market and Europe Roofing Market. The reports provide information on the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential. This report provides a comprehensive and current market scenario of the roofing market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends. The US Roofing Market
The IV Catheters Market to Reach $6.6 Billion by 2029 - Exclusive Focus Insight Report by Arizton
The IV Catheters Market to Reach $6.6 Billion by 2029 - Exclusive Focus Insight …
According to Arizton's latest focus insight report, the IV catheters market is growing at a CAGR of 5.04% during 2023-2029. To Know More, Download the Free Sample Report: In 2023, the global intravenous catheters market was dominated by North America, with a share of 33.45%. This region has a large presence of major vendors offering various IVCs to patients of various age groups. Further, this growing usage of IVCs in

All 5 Releases

More Releases for Iceland

Internoc24.HOST launching affordable Iceland Dedicated Server
Internoc24.HOST, a leading provider for international Offshore Hosting Solutions, today took another step towards becoming one of the world's most recognized and preferred Offshore Hosting brands, launching Iceland Dedicated Server Offer within the next couple of weeks. The new server offers in Iceland should assemble the already established offshore locations of Internoc24.HOST in Romania, Russia and the Netherlands. Milos Slatjovic from the management team of Internoc24.Host said Iceland has been known for some
Iceland: In from the cold
On Friday the Republic of Iceland handed in an application to join the European Union to the Swedish EU presidency. Iceland's parliament last week had backed the government's plan to begin talks to join the EU, months after a meltdown of the north Atlantic island's economy amid the global financial crisis. LYMEC President Aloys Rigaut reacted: 'Iceland is one of Europe's oldest democracies and we can thus only welcome its EU
Iceland Economic Outlook for Q1 2008
Cooler times ahead The state of the Icelandic economy has altered since our last forecast, after the deepening of the sub-prime crisis on the international markets. The economy is more cooling down, opening up the possibility that the Central Bank of Iceland will cut interest rates sooner than previously forecast. Highlights of the forecast: - Economic growth in 2008 will be low due to decreasing private consumption and fewer investments.
Iceland - Commercial property market
After sharp increases in commercial property prices last year, the market will grow calmer next year. A cool down in the economy, high interest rates and a vast increase in supply will lead to a slowdown in activity. Growth in service sector - higher concentration of property in the Reykjavik area and both new and old core areas have been growing. There are signs of a slowdown in demand in
Iceland: Real estate market at crossroads
Housing prices will continue to rise over the coming years. The pace of these rises, however, will slow down considerably. High interest rates, tighter access to loans and a cooling labour market are the factors that will reduce demand. Supply, on the other hand, seems to have peaked and is likely to diminish over the next years – which should help stabilise real estate prices. A turn-around is expected in
Iceland Express adds flights
Iceland Express has today announced that it will add extra flights on the London Stansted to Kefalavik route, starting on 26. February 2008. From that date this dynamic, young airline will operate 11 flights per week on this route, an increase of two flights a week on the summer programme. London Stansted to Reykjavik was one of two original routes the airline has flown since it commenced operations in February