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

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

The Sweden Data Center Market is projected to register a CAGR of 5.89%

Key Highlights

• IT Load Capacity: The IT load capacity of the Swedish data center market may grow steadily and reach 409.2 MW by 2029.
• Raised Floor Space: The country's total raised floor area is expected to reach 1.7 million sq. ft by 2029.
• Installed Racks: 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.
• DC Facilities: In 2022, there were 40 colocation data center facilities in Sweden, with Stockholm as the major hotspot, followed by Falun and Pitea. Some of the factors contributing to the growth of data centers in the country are the growing adoption of 5G, smartphone penetration, and digitalization.
• Leading Market Player: 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.

Sweden Data Center Market Trends

Tier 4 is the largest Tier Type

• 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.

Sweden Data Center Industry Overview

The Sweden Data Center Market is fairly consolidated, with the top five companies occupying 74.12%. The major players in this market are Bahnhof, EcoDataCenter, Equinix, Inc., Inleed (Yelles AB) and Stack Infrastructure, Inc. (sorted alphabetically).

Additional Benefits:

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