Market Size of denmark data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 250.64 MW |
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Market Volume (2029) | 332.09 MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 5.79 % |
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Fastest Growing by Tier Type | Tier 4 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Denmark Data Center Market Analysis
The Denmark Data Center Market size is estimated at 250.64 MW in 2024, and is expected to reach 332.09 MW by 2029, growing at a CAGR of 5.79% during the forecast period (2024-2029).
USD 247.35 Million
Market Size in 2024
USD 564.2 Million
Market Size in 2029
17.9%
CAGR (2017-2023)
17.95%
CAGR (2024-2029)
IT Load Capacity
250.6 MW
Value, IT Load Capacity, 2024
The IT load capacity of the data center market will have steady growth and is expected to achieve 332.09 MW by 2029. The ongoing trend of OTT services and rising sinternet penetration is increasing the need of data storage in the country.
Total Raised Floor Space
Sq. Ft. 0.96 M
Volume, Raised Floor Space, 2024
Rising 4G adoption and the impending 5G wave are encouraging telecom companies to make investments in the data center market. In 2024, more than 98% of the population in the country was connected via 4G.
Installed Racks
48,201
Volume, Installed Racks, 2024
The country's total number of installed racks is expected to reach 63,863 units by 2029. Copenhagen is expected to house the maximum number of racks by 2029.
# of DC Operators & DC Facilities
16 and 34
Volume, DC Facilities, 2024
There were 34 colocation data center facilities in Denmark. Majorly, factors that contribute to the growth of the data center in the country are cloud adoption, smartphone penetration, and growing digitization.
Leading Market Player
12.7%
Market Share, GlobalConnect AB, 2023
GlobalConnect AS was the leading player in the Danish market in the historical period, with five facilities and 21 MW in operation, followed by Bulk Infrastructure Group AS, operating with 20 MW in a single facility.
Tier 3 data center accounted for majority share in terms of volume in 2023, and tier 4 is expected to dominate through out the forecasted period
- The tier 3 segment’s capacity is expected to reach 72.77 MW in 2023, and it is projected to exhibit a CAGR of 3.64%, surpassing 131.6 MW by 2029. However, the tier 4 segment is projected to record a CAGR of 24.4% to reach a capacity of 205.54 MW by 2029.
- Tier 1 & 2 facilities may gradually lose their demand and display a decrease in growth in the coming years. Tier 1 & 2 facilities are expected to hold a market share of nearly 0.6% by 2029, with minimal growth due to the prolonged and inconsistent outages. Most users are expected to eventually switch to tier 3 and 4 facilities, holding 38.8% and 60.6% of market shares, respectively, owing to the increased demand for storing, processing, and analyzing data.
- The BFSI sector of the economy is expanding. In recent years, Denmark has seen a rise in online and mobile banking use. As of December 2022, 94.35% of Danish consumers were using internet banking, which increased from 71% in 2010. This necessitates the construction of wholesale and hyperscale facilities that have tier 3 and 4 requirements, driven by the rising demand for e-banking and online transactions.
- Tier 4 data centers are expected to expand significantly in the future since many businesses are providing cloud-based services, resulting in more businesses constructing facilities to provide colocation spaces with the best technology.
Understand The Key Trends Shaping This Market
