Market Size of norway data center Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Volume (2024) | 443.84 MW |
|
|
Market Volume (2029) | 696.56 MW |
|
Largest Share by Tier Type | Tier 3 |
|
|
CAGR (2024 - 2029) | 9.43 % |
|
|
Fastest Growing by Tier Type | Tier 4 |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Norway Data Center Market Analysis
The Norway Data Center Market size is estimated at 443.84 MW in 2024, and is expected to reach 696.56 MW by 2029, growing at a CAGR of 9.43% during the forecast period (2024-2029).
USD 902.81 Million
Market Size in 2024
USD 1,416.8 Million
Market Size in 2029
7.5%
CAGR (2017-2023)
9.4%
CAGR (2024-2029)
IT Load Capacity
443.8 MW
Value, IT Load Capacity, 2024
The IT load capacity of the Norway data center market expected to reach 696.5 MW by 2029. The inclusion of 5G in the country has led to an increase in the consumption of data, which has triggered the growth of data centers in the country.
Total Raised Floor Space
Sq. Ft. 2.21 M
Volume, Raised Floor Space, 2024
Growing awareness among countries to increase sustainability practices and offer a better quality of life to its citizens has led to the rising number of smart cities in Norway. Such instances have led to increased consumption of data.
Installed Racks
110,960
Volume, Installed Racks, 2024
Oslo will likely house the maximum number of racks by 2029. The increase is attributed to companies like Stack Infrastructure announcing plans to open a massive data center facility of 36 MW in Oslo by 2029.
# of DC Operators & DC Facilities
15 and 38
Volume, DC Facilities, 2024
Good connectivity, low electricity bills, growing demand for renewable energy, and government incentives on land and tax are a few factors boosting the growth of data center facilities in the country.
Leading Market Player
26.9%
Market Share, Green Mountain AS, 2023
Green Mountain AS led the market with a share of 26.9%. It announced its plans to open data center facilities in varying locations in the country, including Fredrikstad, Sarpsbog, and Tromso.
Tier 3 data center accounted for majority share in terms of volume in 2023, and is expected to dominate through out the forecasted period
- Growing awareness among countries to increase sustainability practices and offer a better quality of life to its citizens has led to the rising number of smart cities in Norway. Evolving smart cities, in addition to factors such as the use of smart devices for streaming, playing games, transactions, online food ordering, home security, and lighting, have led to increased consumption of data.
- Tier 3 and tier 4 data centers have advanced infrastructure facilities and offer additional features such as remote assistance, disaster recovery, lower downtime, and low latency; therefore, large enterprises like content-oriented companies prefer using these data centers. Tier 3 and tier 4 facilities are expected to dominate the market during the forecast period, with 59.2% and 39.5%, respectively, of the studied market by 2029. Tier 3 is expected to witness a decrease in market share, while tier 4 data centers will gain traction due to the country's increasing digital inclusion.
- For instance, around 1.9 million people used food delivery applications for ordering food in Norway, which generated an annual value of around USD 223.9 million in 2022, suggesting the growing acceptance of quick commerce software. Also, since the number of users accessing social media in Norway increased from 3 million in 2014 to 4.75 million in 2022, this has led to clients opting for tier 4 data centers to provide uninterrupted service. Streaming services require delivering high-quality content and low latency for the best viewing experience.
- Hence, growing data consumption is expected to increase the IT load capacity of tier 4 data centers from 105.2 MW in 2023 to 293.4 MW by 2029 at a CAGR of 18.65%.
Understand The Key Trends Shaping This Market
