Market Size of sweden data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 330.96 MW |
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Market Volume (2029) | 419.72 MW |
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Largest Share by Tier Type | Tier 4 |
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CAGR (2024 - 2029) | 4.87 % |
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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 |
Sweden Data Center Market Analysis
The Sweden Data Center Market size is estimated at 330.96 MW in 2024, and is expected to reach 419.72 MW by 2029, growing at a CAGR of 4.87% during the forecast period (2024-2029).
USD 351.17 Million
Market Size in 2024
USD 465 Million
Market Size in 2029
14.3%
CAGR (2017-2023)
5.8%
CAGR (2024-2029)
IT Load Capacity
331 MW
Value, IT Load Capacity, 2024
Sweden is a connected country with a high penetration rate for internet usage, social media engagement, adoption of 5G, online shopping, and digital payments, such factors expected to create more demand for IT load capacity in future.
Total Raised Floor Space
Sq. Ft. 1.36 M
Volume, Raised Floor Space, 2024
The cloud and telecom segments are expected to generate the highest revenue and manufacturing segment is expected to witness the highest growth, which predict to create more need of raised floor space in near future.
Installed Racks
68,183
Volume, Installed Racks, 2024
The country's total number of installed racks is expected to reach 87,068 units by 2029. Stockholm may house the maximum number of racks by 2029. STACK INFRASTRUCTURE is expected to establish a new data center (STO01B) of 18 MW capacity.
# of DC Operators & DC Facilities
20 and 45
Volume, DC Facilities, 2024
There were 42 colocation data center facilities, with Stockholm as the major hotspot. Some of the factors contributing to the growth of data centers in the country are the adoption of 5G, smartphone penetration, and digitalization.
Leading Market Player
29.7%
Market Share, EcoDataCenter , 2023
EcoDataCenter was the leading player in the Swedish market during the historical period, with five facilities in operation. It plans to roll out a data center facility with a capacity of 15 MW during the forecast period.
Tier 4 data center accounted for majority share in terms of volume in 2023, and is expected to dominate through out the forecasted period
- Tier 4 data centers are expected to hold a market share of over 55.4% in the Swedish data center market in 2023. It is further projected to exhibit a CAGR of 6.80% to reach an IT load capacity of 244.84 MW by 2029. On the other hand, Tier 3 data centers are expected to witness moderate growth of 4.79% till 2029. Implementation of high standards in the data center facilities ensures minimal downtown while increasing the efficiency of the facilities. These data centers with additional redundant equipment in place for backup are preferred by the customers.
- Tier 1&2 facilities are losing their demand to be more competent to fulfill the growing uninterrupted services of businesses. The ever-increasing number of conglomerates business units has given rise to the need for business continuity services 24*7, which has gradually shifted the preference toward Tier 3 and Tier 4 data centers.
- As of 2022, the country has nearly 30 Tier 3 data center facilities, followed by six Tier 4 data centers. STACK INFRASTRUCTURE and Equinix Inc. facilities were the first in the country to receive the Tier 4 certification in 2016. Since then, EcoDataCentre, Bahnhof, and Multigrid have built Tier 4 data centers in the country. The growing demand from the customer's end is expected to drive the construction of Tier 3 and Tier 4 data centers in the country in the coming years.
Understand The Key Trends Shaping This Market
