Nordic Data Center Market - Industry Outlook & Forecast 2022-2027
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Nordic Data Center Market Report
Nordic data center market witnessed investments of USD 5.24 billion in 2021 and will witness investments of USD 10.21 billion by 2027, growing at a CAGR of 11.76 % during 2022-2027.
The Nordics is a favorable investment area for hyperscale, colocation, and cryptocurrency data centers. Hyperscale data center operators have opted to open many self-built cloud data centers in the Nordics to support local and regional customers. The adoption of cloud-based services, big data analytics, and IoT services has grown significantly by local enterprises across the Nordics, boosting local colocation demand in the market.
The following factors are likely to contribute to the growth of the Nordics data center market –
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