Sweden Hyperscale Data Center Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Sweden Hyperscale Datacenter Market Share is Segmented by Data Center Type (Hyperscale Colocation, Enterprise/Hyperscale Self Build), by Service Type (IaaS ( Infrastructure-As-A-Service), Paas ( Platform-As-A-Service), Saas( Software-As-A-Service)), by End User (Cloud and IT, Telecom, Media and Entertainment, Government, BFSI, Manufacturing, E-Commerce, Other End User).

Sweden Hyperscale Data Center Market Size and Share

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Sweden Hyperscale Data Center Market Analysis by Mordor Intelligence

The Sweden hyperscale data center market is worth USD 1.95 billion in 2025 and is forecast to reach USD 3.99 billion by 2030, expanding at a 15.44% CAGR. Continuous inflows of cloud-region commitments, a national electricity mix that is 98% fossil-free, and a climate suited to free-air cooling are stimulating rapid greenfield development. Major cloud service providers (CSPs) are scaling local capacity to support artificial-intelligence (AI) services, while renewable-energy pricing contracts help safeguard operating margins in an environment of volatile European power markets. Large-scale investments such as Microsoft’s USD 3.2 billion expansion and Meta’s ongoing Luleå campus build-out signal long-term confidence in Sweden’s policy stability and grid-decarbonization trajectory. In parallel, colocation specialists are adding megawatt blocks that accommodate liquid-cooled racks as GPU deployments accelerate.

Key Report Takeaways

  • By data center type, enterprise/self-build facilities retained nearly 60% of Sweden hyperscale data center market share in 2024, whereas hyperscale colocation is projected to grow at 10% CAGR to 2030. 
  • By service type, Infrastructure-as-a-Service held 45% revenue share in 2024; Software-as-a-Service is expected to advance at a 12% CAGR through 2030. 
  • By end user, cloud and IT accounted for 55% of Sweden hyperscale data center market size in 2024, while the BFSI sector is forecast to expand at a 18% CAGR between 2025 and 2030. 
  • By region, Stockholm commands 70 MW of commissioned power capacity and processes 55% of Nordic internet traffic; Northern Sweden is gaining traction for facilities exceeding 50 MW that leverage hydropower and ambient temperatures. 
  • Microsoft, AWS, and Google collectively operate or control more than 65% of installed hyperscale megawatt capacity nationwide, underpinning moderate market concentration.

Segment Analysis

By Data Center Type: Self-build Dominance with Colocation acceleration

Enterprise-controlled campuses captured nearly 60% of Sweden hyperscale data center market share in 2024 as Microsoft, Meta, AWS, and Google prioritized proprietary designs optimized for AI acceleration. Self-built facilities often feature 300 mm utility conduits, on-site sub-stations, and solar-ready roofs that support corporate decarbonization roadmaps. Capital efficiency improves through standardized blueprints and global procurement agreements, allowing hyperscalers to deliver each additional megawatt at a 12% lower cost than earlier Nordic builds. The Sweden hyperscale data center market size for self-build deployments is forecast to expand from USD 1.30 billion in 2025 to USD 2.55 billion in 2030.

Hyperscale colocation, though smaller, is registering a 10% CAGR as enterprises seek turnkey halls enabling 30-50 kW racks and liquid-cooling loops. STACK Infrastructure’s 80 MW Stockholm campus and Digital Realty’s Kista expansion both reserve one-third of new whitespace for direct-to-chip liquid cooling. Financial sponsors, including EQT Infrastructure and Areim, inject equity into platform roll-ups targeting >300 MW by 2028, signalling sustained appetite for third-party capacity. The asset-light demand profile of emerging AI-focused software vendors favors the colocation archetype, broadening its addressable share of the Sweden hyperscale data center market.

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Note: Segment shares of all individual segments available upon report purchase

By Service Type: IaaS Leadership with SaaS Momentum

Infrastructure-as-a-Service generated 45% of 2024 revenue as organizations outsourced compute, storage, and network layers to hyperscale clouds. Sweden’s regulated sectors—healthcare, public administration, and finance prefer IaaS zones that guarantee data residency and ISO 27001 compliance, reinforcing local provider expansion. The Sweden hyperscale data center market size attributable to IaaS stands at USD 0.95 billion in 2025 and is set to reach USD 1.85 billion by 2030. 

Software-as-a-Service is accelerating at a 12% CAGR, fueled by widespread adoption of generative-AI productivity suites and cloud native ERP platforms. Native Swedish startups, such as Kognic and Mentimeter, consume hyperscale compute-cycles for real-time collaboration features, driving incremental GPU hours. Platform-as-a-Service plays a crucial orchestration role, underpinning container deployments that enable continuous-integration pipelines for Industry 4.0 applications. These complementary layers support stickiness within the Sweden hyperscale data center market, with cross-sell potential improving overall revenue density per megawatt.

By End User: Cloud & IT Primacy with BFSI Surge

Cloud-centric technology companies commanded 55% of the Sweden hyperscale data market in 2024, drawn by sovereign cloud regions that deliver sub-20-ms latency to Northern European users. Telecommunications carriers leverage the same footprints for 5G Core virtualization, benefiting from proximity to internet exchange points. Energy-sector digital twins and automotive-sector over-the-air update pipelines similarly cluster around Stockholm neutral facilities for bandwidth efficiency. 

The BFSI community is scaling colocation and private-cloud pods at a 18% CAGR as open-banking APIs, high-frequency trading analytics, and AI-driven fraud detection demand low-variance compute. SEB and Handelsbanken have adopted NVIDIA H100 GPU clusters housed within Tier III colocation halls to train financial-language models, highlighting the performance requirements shaping future builds. Public-sector workloads, including Sweden’s National AI Cloud, add mission-critical demand for security-certified campuses, enhancing diversity across the Sweden hyperscale data center industry

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Note: Segment shares of all individual segments available upon report purchase

Geography Analysis

Stockholm remains the nucleus of the Sweden hyperscale data center market, hosting roughly 70 MW of delivered power and over 125 network operators. Carrier-dense campuses at Kista and Sköndal interconnect north–south fiber corridors and the new Eastern-Light cable, reinforcing the city’s role as a gateway for traffic into Germany and Poland. Heat-re-use schemes distribute waste warmth to district-energy grids capable of servicing 35,000 apartments annually, illustrating how urban sustainability objectives dovetail with hyperscale operating models. Nonetheless, the queue for 400-kV grid access is lengthening, prompting some providers to cap expansion at current parcels until reinforcement lines arrive in 2027.

Northern Sweden, anchored by Luleå and Boden, exploits ambient temperatures that average 3 °C and hydropower availability exceeding 12 TWh. Meta’s three-building Luleå campus operates with a 1.06 design PUE, achieving cooling energy reductions near 40% compared with central-European sites meta.com. AtNorth recently acquired 30 hectares in Långsele for a 120 MW “mega site,” marking one of Scandinavia’s largest brown-to-green industrial conversions. Regional authorities offer workforce-training subsidies to mitigate shortages of certified data-center technicians, though staffing pipelines remain a constraint on 24x7 operations.

Central Sweden provides a compromise between Stockholm connectivity and northern energy economics. Microsoft’s Gävle and Sandviken facilities demonstrate that 20-ms round-trip latency to Frankfurt is achievable while drawing exclusively on local hydro and wind. EcoDataCenter’s Falun complex blends biomass cogeneration with data-center heat capture, producing negative net CO₂ emissions for specific workloads. The corridor’s 132-kV grid nodes still present 300 MW of unconstrained capacity, making it a target for multi-tenant developers planning campuses beyond 2028. As Stockholm grid congestion intensifies, central municipalities are poised to absorb a greater slice of the Sweden hyperscale data center market.

Market Share
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Note: Segment shares of all individual segments available upon report purchase

Competitive Landscape

Sweden hosts a moderately concentrated constellation of global hyperscalers, international colocation specialists, and domestic pure plays. Microsoft, AWS, and Google collectively control an estimated 60% of commissioned megawatts, underpinning cloud-region resilience and shaping wholesale power-purchase agreement (PPA) dynamics. Digital Realty enlarges its Stockholm footprint via six halls matched 24/7 with Vattenfall renewable output, providing corporate clients with guaranteed carbon-free energy pathways. Equinix operates dual-campus metro nodes that enable ecosystem connectivity for over 125 carriers, anchoring latency-sensitive workloads such as online gaming and fintech transaction clearing.

Strategic partnerships increasingly differentiate operators. AtNorth’s pact with NVIDIA to host the National AI Cloud brings Grace Blackwell GB300 systems into Swedish sovereign control, solidifying its role in regulated-sector AI compliance. STACK Infrastructure, backed by IPI Partners, deploys prefabricated liquid-cooling manifolds to capture GPU-dense demand from generative-AI firms that seek near-term capacity without committing to self-build timelines. Areim’s USD 977 million Nordic data-center fund channels institutional capital toward green-certified campuses, intensifying competition for high-voltage land parcels in central and northern nodes.

Sustainability metrics now function as competitive currency. Digital Realty’s hourly renewable-matching declaration, EcoDataCenter’s negative-emission claim, and Vattenfall’s corporate PPA marketplace each influence hyperscaler site-selection algorithms. Providers that can document embodied-carbon baselines and actively divert waste heat to district networks secure preferential consideration in AI cluster siting. Against this backdrop, the Sweden hyperscale data center market rewards operators capable of pairing energy transparency with rapid power-density scaling

Sweden Hyperscale Data Center Industry Leaders

  1. Amazon Web Services, Inc.

  2. Microsoft Corporation

  3. Google LLC

  4. Meta Platforms, Inc.

  5. Digital Realty Trust, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Sweden Hyperscale  Data Center Market
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Recent Industry Developments

  • May 2025: CapMan Infra acquired three data centers in Sweden from EcoDataCenter as part of EcoDataCenter's strategic pivot towards hyperscale operations, indicating a significant shift in the market towards larger-scale facilities designed for hyperscale client
  • April 2025: Macquarie Asset Management made substantial investments totaling over USD 17 billion in Applied Digital and Aligned Data Centers to enhance AI and high-performance computing infrastructure, demonstrating the increasing financial interest in specialized data center facilities capable of supporting advanced computing workloads
  • February 2025: Evroc outlined plans for a 96 MW AI data center near Stockholm Arlanda Airport as part of a pan-European strategy .

Table of Contents for Sweden Hyperscale Data Center Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions And Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Research Framework
  • 2.2 Secondary Research
  • 2.3 Primary Research
  • 2.4 Data Triangulation and Insight Generation

3. EXECUTIVE SUMMARY

4. MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Market Drivers
    • 4.2.1.1 Government Incentives & Green-Energy Subsidies Accelerating Hyperscale Expansion
    • 4.2.1.2 Surging Nordic Cloud-Region Demand from Global CSPs
    • 4.2.1.3 Competitive Advantage of Low-Carbon Footprint & Free-Cooling Climate
    • 4.2.1.4 Dense International Connectivity via New Sub-Sea Cables
    • 4.2.1.5 Data-Sovereignty Requirements Among EU & Swedish Public-Sector Workloads
    • 4.2.1.6 AI/ML Workload Growth Requiring GPU-Rich, High-Power Racks
    • 4.2.2 Market Restraints
    • 4.2.2.1 Grid-Capacity Bottlenecks & Queuing in Stockholm/Mlardalen
    • 4.2.2.2 Rising Nordic Electricity Prices Post-2022 Energy Shock
    • 4.2.2.3 Lengthy Environmental-Permit Process for Green-field Megawatt Sites
    • 4.2.2.4 Scarcity of Skilled Data-Center Technicians in Northern Municipalities
  • 4.3 Value Chain / Supply Chain Analysis
  • 4.4 PESTLE Analysis

5. ARTIFICIAL INTELLIGENCE (AI) INCLUSION IN HYPERSCALE DATA CENTER (Sub-segments are subject to change depending on Availability of Data)

  • 5.1 AI Workload Impact: Rise of GPU-Packed Racks and High Thermal Load Management
  • 5.2 Rapid Shift toward 400G and 800G Ethernet - Local OEM Integration and Compatibility Demands
  • 5.3 Innovations in Liquid Cooling: Immersion and Cold Plate Trends
  • 5.4 AI-Based Data Center Management (DCIM) Adoption - Role of Cloud Providers

6. REGULATORY & COMPLIANCE FRAMEWORK

7. KEY DATA CENTER STATISTICS

  • 7.1 Existing Data Center Facilities in Region/Country (in MW) (Hyperscale Self build VS Colocation)
  • 7.2 List of Upcoming Hyperscale Data Center (Region/Country)
  • 7.3 List of Hyperscale Data Center Operators in the (Region/Country)
  • 7.4 Analysis on Data Center CAPEX in (Region/Country)

8. HYPERSCALE DATA CENTER INFRASTRUCTURE INVESTMENT ANALYSIS

  • 8.1 IT Infrastructure
  • 8.2 Electrical Infrastructure
  • 8.3 Mechanical Infrastructure

9. MARKET SEGMENTATION

  • 9.1 By Data Center Type
    • 9.1.1 Hyperscale Colocation
    • 9.1.2 Enterprise/Hyperscale Self Build
  • 9.2 By Service Type
    • 9.2.1 IaaS ( Infrastructure-as-a-Service)
    • 9.2.2 PaaS ( Platform-as-a-Service)
    • 9.2.3 SaaS( Software-as-a-Service)
  • 9.3 By End User
    • 9.3.1 Cloud & IT
    • 9.3.2 Telecom
    • 9.3.3 Media & Entertainment
    • 9.3.4 Government
    • 9.3.5 BFSI
    • 9.3.6 Manufacturing
    • 9.3.7 E-Commerce
    • 9.3.8 Other End User

10. COMPETITIVE LANDSCAPE

  • 10.1 Market Share Analysis ( Value and Volume)
  • 10.2 Company Landscape (MW of top 15 hyperscale operator)
  • 10.3 Company Profiles
    • 10.3.1 Amazon Web Services, Inc.
    • 10.3.2 Microsoft Corporation
    • 10.3.3 Meta Platforms, Inc.
    • 10.3.4 Google LLC
    • 10.3.5 Equinix, Inc.
    • 10.3.6 Digital Realty Trust, Inc. (Interxion)
    • 10.3.7 STACK Infrastructure
    • 10.3.8 EcoDataCenter AB
    • 10.3.9 Conapto AB
    • 10.3.10 Northern Data AG
    • 10.3.11 Hive Digital Technologies Ltd.
    • 10.3.12 AtNorth AB
  • *List Not Exhaustive

11. INVESTMENTS ANALYSIS

12. MARKET OPPORTUNITIES AND FUTURE TRENDS

13. ABOUT US

  • 13.1 Industries Covered
  • 13.2 Illustrative List of Clients in the Industry
  • 13.3 Our Customized Research Capabilities

14. ```

**Subject to Availability
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Sweden Hyperscale Data Center Market Report Scope

Hyperscale data centers, also known as Enterprise Hyperscale facilities, are large-scale infrastructures owned and managed by the companies they support. These centers deliver a wide range of scalable applications and storage services to meet the needs of individuals and businesses. Designed for efficiency, they house thousands of servers alongside critical hardware like routers, switches, and storage disks. To ensure seamless operations, these facilities are equipped with advanced support systems, including power and cooling solutions, uninterruptible power supplies (UPS), and air distribution networks.

The Sweden Hyperscale Datacenter Market is Segmented by Data Center Type (Hyperscale Colocation, Enterprise/Hyperscale Self Build), By Service Type (IaaS ( Infrastructure-as-a-Service), PaaS ( Platform-as-a-Service), SaaS( Software-as-a-Service)), By End User (Cloud & IT, Telecom, Media & Entertainment, Government, BFSI, Manufacturing, E-Commerce, Other End User). The Report Offers the Market Size and Forecasts for all the Above Segments in Terms of USD (millions).

By Data Center Type Hyperscale Colocation
Enterprise/Hyperscale Self Build
By Service Type IaaS ( Infrastructure-as-a-Service)
PaaS ( Platform-as-a-Service)
SaaS( Software-as-a-Service)
By End User Cloud & IT
Telecom
Media & Entertainment
Government
BFSI
Manufacturing
E-Commerce
Other End User
By Data Center Type
Hyperscale Colocation
Enterprise/Hyperscale Self Build
By Service Type
IaaS ( Infrastructure-as-a-Service)
PaaS ( Platform-as-a-Service)
SaaS( Software-as-a-Service)
By End User
Cloud & IT
Telecom
Media & Entertainment
Government
BFSI
Manufacturing
E-Commerce
Other End User
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Key Questions Answered in the Report

What is the current value of the Sweden hyperscale data center market?

The market stands at USD 1.95 billion in 2025 and is projected to reach USD 3.99 billion by 2030.

Which segment is growing the fastest?

Software-as-a-Service is the fastest-growing service type, expanding at a 12% CAGR through 2030.

Why are hyperscalers choosing Sweden over other Nordic countries?

They benefit from 98% fossil-free electricity, a cool climate that supports free-air cooling, and expanding sub-sea cable links that lower latency to major European hubs.

How significant are grid-capacity constraints in Stockholm?

Reserved demand already exceeds available supply by 580 MW, and relief will not arrive until new 400-kV lines are energized after 2027.

What power densities are AI workloads driving?

GPU-rich racks now require 30–50 kW, prompting liquid-cooling adoption that could reach 20% of live racks by 2025.

Page last updated on: June 11, 2025