Press release
Norway Data Center Colocation Market Revenue Set to Reach $936 Million by 2029, With 680 MW of Power Capacity to be Added - Arizton
Looking for More Information? Click: [https://www.arizton.com/market-reports/norway-data-center-colocation-market]
Report Scope:
Market Size - Colocation Revenue (2029): $936 Million
CAGR - Colocation Revenue (2023-2029): 28.80%
Market Size - Utilized White Floor Area (2029): 2.3 Million Sq. Ft.
Market Size - Utilized Racks (2029): 49.75 Thousand Units
Market Size - Utilized Power Capacity (2029): 680 MW
Base Year: 2023
Forecast Year: 2024-2029
Norway's data center market is growing, with over 978 thousand square feet of core & shell white floor area added by colocation operators. However, only 73% of this area is being utilized. The cost of core & shell development in Oslo is higher than in other regions, ranging from $9/W to $10/W. Major players like Bulk Infrastructure, STACK Infrastructure, and Green Mountain are leading the development of data centers across the country. Additionally, Norwegian industrial parks such as Mo Industrial Park, Mongstad, and Heroya are pivotal in driving innovation and sustainability, supporting the ongoing growth of the data center industry.
Norway's AI Investments and Data Center Expansion
Norway is significantly investing in AI, recognizing its transformative potential across industries. In September 2023, the Norwegian government allocated $95 million for AI and digital technology research over five years to foster innovations and deepen insights into technological impacts. The rise of AI technologies, particularly high-performance chips and high-density racks is challenging existing data center infrastructure. To address this, AQ Compute, a subsidiary of Aquila Capital, has developed specialized AI and HPC sites, including a facility in Honefoss powered by hydroelectric energy. Additionally, Arkon Energy secured $110 million in funding in December 2023 to expand its infrastructure, including data centers optimized for AI workloads. The increasing demand for AI has led to the creation of notable startups like Huddly, Spacemaker, Exabel, and Memory. With these strategic investments and advancements in data center capabilities, Norway is positioned to play a critical role in AI's ongoing development and growth.
Cloud Technology Adoption Creating Buzz in the Norway Data Center Market
Norway has witnessed a significant increase in the adoption of cloud technology, as more businesses recognize its operational benefits. The shift towards cloud computing is driven by advantages such as cost-effectiveness, scalability, flexibility, and enhanced security. Cloud services help businesses reduce capital expenditure on hardware and maintenance while providing on-demand resource usage. Scalability allows businesses to adjust computing resources based on demand, improving performance and resource allocation. Additionally, cloud technology offers operational flexibility, enabling remote work and collaboration. The adoption is further accelerated by substantial investments from public cloud providers like AWS, Microsoft Azure, and Google Cloud. These companies are establishing robust data centers in Norway to meet growing demand. Notably, Google began constructing its first data center campus in Skien in February 2023, highlighting the increasing importance of cloud infrastructure in the Norwegian market.
Market Trends
Growing Demand for District Heating in Norway
In Norway, buildings contribute to around 40% of energy consumption, prompting the government to implement several measures for efficient energy use. These include technical regulations, a ban on oil-fired heating since 2020, mandatory connections to district heating in certain regions, and energy performance certificates. As part of the country's focus on sustainability, Green Mountain has submitted a building application for a new data center in Kalberg, Norway, with plans to reuse heat. Additionally, in March 2023, Green Mountain announced plans for a TikTok data center that will use waste heat for nearby areas. The market for district heating in Norway is expected to grow significantly, driven by the increasing demand for sustainable operations and the commitment to reducing carbon emissions. Both businesses and consumers are increasingly focused on environmental responsibility, making district heating a key component of the nation's energy strategy.
5G Advancements and Collaborations in Norway
The availability and consistency of 5G in Norway have greatly enhanced the mobile experience, leading to increased user time on 5G connections and improved speeds and reliability compared to 2022. In October 2023, Telia Norway demonstrated 5G network slicing during a naval exercise at Haakonsvern, Bergen, in collaboration with the Norwegian Defence Materiel Agency. This showcased a private network designed for secure military communication within Telia's national 5G network. Additionally, Telia Norway partnered with Avinor, the state-owned operator of Norway's major airports, to pilot 5G technology aimed at enhancing airport operations. This collaboration included a trial utilizing a 5G-controlled robot to digitize and streamline airport processes. In January 2023, Norway's National Communications Authority (Nkom) confirmed the 3.8 GHz - 4.2 GHz band for the deployment of 5G local networks, further supporting the country's 5G infrastructure development.
Looking for More Information? Click: [https://www.arizton.com/market-reports/norway-data-center-colocation-market]
The Report Includes:
* Colocation Supply (MW, Area, Rack Capacity)
* Colocation Demand (MW, Area, Rack Capacity) and by End-User (Cloud/IT, BFSI, etc..)
* Colocation Revenue (Retail & Wholesale Colocation Services)
* Competitive Scenario (Share Analysis by Revenue & MW Capacity)
Vendor Landscape
Existing Operators
* Green Mountain
* STACK Infrastructure (DigiPlex)
* Bulk Infrastructure
* Lefdal Mine Datacenter
* Basefarm (Orange)
* Other Operators
Upcoming Colocation Operators
* AQ Compute (Aquila Capital)
* Telenor, Hafslund, and HitecVision
* KeySource + Namsos Datasenter
In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the Norway data center colocation market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/norway-data-center-colocation-market
What Key Findings Will Our Research Analysis Reveal?
What is the count of existing and upcoming colocation data center facilities in Norway?
Who are the new entrants in the Norway data center industry?
What will be the colocation data center supply (MW) in Norway by 2029?
What factors are driving the Norway data center colocation market?
Looking for Customization According to Your Business Requirement? [https://www.arizton.com/customize-report/4664]
Other Related Reports that Might be of Your Business Requirement
Norway Data Center Market - Investment Analysis & Growth Opportunities 2024-2029
[https://www.arizton.com/market-reports/norway-data-center-market-investment-analysis]
U.K. Data Center Colocation Market - Supply & Demand Analysis 2024-2029
[https://www.arizton.com/market-reports/uk-data-center-colocation-market]
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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.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=norway-data-center-colocation-market-revenue-set-to-reach-936-million-by-2029-with-680-mw-of-power-capacity-to-be-added-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/norway-data-center-colocation-market
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