Denmark Data Center Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

Denmark Data Center Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Denmark Data Center Market is projected to register a CAGR of 12.44%

Key Highlights

• IT Load Capacity: The IT load capacity of the data center market is expected to grow steadily and reach 332.1 MW by 2029.
• Raised Floor Space: The total raised floor area of the country is expected to increase to 1.3 million sq. ft by 2029.
• Installed Racks: The 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.
• DC Facilities: In 2022, there were 28 colocation data center facilities in Denmark. Copenhagen is the major hotspot, followed by Aarhus, Saeby, and others in the country. Some factors contributing to the growth of the data center in the country are cloud adoption, smartphone penetration, and growing digitization.
• Leading Market Player: 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.

Denmark Data Center Market Trends

Tier 3 is the largest Tier Type

• 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.

Denmark Data Center Industry Overview

The Denmark Data Center Market is fairly consolidated, with the top five companies occupying 66.51%. The major players in this market are Bulk Infrastructure Group AS, CenterServ, Fuzion A/S, GlobalConnect AB and NNIT A/S (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support