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

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

The Norway Data Center Market is projected to register a CAGR of 10.90%

Key Highlights

• IT Load Capacity: The IT load capacity of the Norwegian data center market may grow steadily and reach 696.5 MW by 2029.
• Raised Floor Space: The country's total raised floor area is expected to reach 3.4 million sq. ft by 2029.
• Installed Racks: The country's total number of installed racks is expected to reach 174,138 units by 2029. Oslo will likely house the maximum number of racks by 2029.
• DC Facilities: 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: In 2022, Green Mountain AS led the market with a share of 24.8% and an operational capacity of 81 MW. The company announced its plans to open data center facilities in varying locations in the country, including Fredrikstad, Sarpsbog, and Tromso.

Norway Data Center Market Trends

Tier 3 is the largest Tier Type

• 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%.

Norway Data Center Industry Overview

The Norway Data Center Market is fairly consolidated, with the top five companies occupying 73.83%. The major players in this market are BlueFjords, Green Mountain AS, Lefdal Mine Data Center AS, New Mining (Dataroom AS) and Stack Infrastructure, Inc. (sorted alphabetically).

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