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Denmark Data Center Market Size

The Denmark Data Center Market is anticipated to experience significant growth in its capacity and colocation revenue over the forecast period. The market's expansion is driven by the increasing demand for data storage, processing, and analysis, particularly in the BFSI sector, which is witnessing a surge in online and mobile banking. This demand is prompting a shift towards tier 3 and tier 4 facilities, which are expected to capture a substantial portion of the market share due to their advanced capabilities. In contrast, tier 1 and tier 2 facilities are projected to see a decline in demand, largely due to their limitations and the impact of inconsistent outages.

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Market Size of denmark data center Industry

Denmark Data Center Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Volume (2024) 250.6 MW
svg icon Market Volume (2029) 332.1 MW
svg icon Largest Share by Tier Type Tier 3
svg icon CAGR (2024 - 2029) 5.79 %
svg icon Fastest Growing by Tier Type Tier 4
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Denmark Data Center Market Analysis

The Denmark Data Center Market size is estimated at 250.6 MW in 2024, and is expected to reach 332.1 MW by 2029, growing at a CAGR of 5.79%. Further, the market is expected to generate colocation revenue of USD 247.4 Million in 2024 and is projected to reach USD 564.2 Million by 2029, growing at a CAGR of 17.93% during the forecast period (2024-2029).

USD 247.35 Million

Market Size in 2024

USD 564.2 Million

Market Size in 2029

17.9%

CAGR (2017-2023)

17.95%

CAGR (2024-2029)

IT Load Capacity

250.6 MW

Value, IT Load Capacity, 2024

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The IT load capacity of the data center market will have steady growth and is expected to achieve 332.09 MW by 2029. The ongoing trend of OTT services and rising sinternet penetration is increasing the need of data storage in the country.

Total Raised Floor Space

Sq. Ft. 0.96 M

Volume, Raised Floor Space, 2024

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Rising 4G adoption and the impending 5G wave are encouraging telecom companies to make investments in the data center market. In 2024, more than 98% of the population in the country was connected via 4G.

Installed Racks

48,201

Volume, Installed Racks, 2024

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The country's total 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.

# of DC Operators & DC Facilities

16 and 34

Volume, DC Facilities, 2024

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There were 34 colocation data center facilities in Denmark. Majorly, factors that contribute to the growth of the data center in the country are cloud adoption, smartphone penetration, and growing digitization.

Leading Market Player

12.7%

Market Share, GlobalConnect AB, 2023

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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.

Tier 3 data center accounted for majority share in terms of volume in 2023, and tier 4 is expected to dominate through out the forecasted period

  • 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 Market

Denmark Data Center Industry Segmentation

Copenhagen are covered as segments by Hotspot. Large, Massive, Medium, Mega, Small are covered as segments by Data Center Size. Tier 1 and 2, Tier 3, Tier 4 are covered as segments by Tier Type. Non-Utilized, Utilized are covered as segments by Absorption.

  • 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.
Hotspot
Copenhagen
Rest of Denmark
Data Center Size
Large
Massive
Medium
Mega
Small
Tier Type
Tier 1 and 2
Tier 3
Tier 4
Absorption
Non-Utilized
Utilized
By Colocation Type
Hyperscale
Retail
Wholesale
By End User
BFSI
Cloud
E-Commerce
Government
Manufacturing
Media & Entertainment
Telecom
Other End Users
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Denmark Data Center Market Size Summary

The Denmark data center market is experiencing significant growth, driven by the increasing demand for data storage, processing, and analysis. This growth is largely attributed to the expansion of digital services such as e-banking, online transactions, and cloud-based services, which necessitate the development of advanced data center facilities. The market is witnessing a shift towards tier 3 and tier 4 data centers, which offer enhanced capabilities to meet the rising demands of various sectors, including BFSI and e-commerce. The proliferation of smartphone usage and the surge in OTT subscriptions are further fueling the need for robust data infrastructure to support the growing data traffic and consumer spending on digital content.

The market landscape is characterized by a fragmented structure, with key players like Bulk Infrastructure Group AS, Colt Technology Services, GlobalConnect AB, Interxion, and NNIT AS holding significant shares. Innovations such as immersed cooling techniques are being adopted to enhance energy efficiency in data centers. Recent developments include strategic acquisitions and expansions, such as Penta Infra's entry into the Nordic market and STACK Infrastructure's plans for a new data center campus in Denmark. These initiatives underscore the dynamic nature of the market, as companies strive to enhance their offerings and cater to the evolving needs of data-driven businesses.

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Denmark Data Center Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (INCLUDES MARKET SIZE IN VOLUME, FORECASTS UP TO 2029 AND ANALYSIS OF GROWTH PROSPECTS)

    1. 1.1 Hotspot

      1. 1.1.1 Copenhagen

      2. 1.1.2 Rest of Denmark

    2. 1.2 Data Center Size

      1. 1.2.1 Large

      2. 1.2.2 Massive

      3. 1.2.3 Medium

      4. 1.2.4 Mega

      5. 1.2.5 Small

    3. 1.3 Tier Type

      1. 1.3.1 Tier 1 and 2

      2. 1.3.2 Tier 3

      3. 1.3.3 Tier 4

    4. 1.4 Absorption

      1. 1.4.1 Non-Utilized

      2. 1.4.2 Utilized

        1. 1.4.2.1 By Colocation Type

          1. 1.4.2.1.1 Hyperscale

          2. 1.4.2.1.2 Retail

          3. 1.4.2.1.3 Wholesale

        2. 1.4.2.2 By End User

          1. 1.4.2.2.1 BFSI

          2. 1.4.2.2.2 Cloud

          3. 1.4.2.2.3 E-Commerce

          4. 1.4.2.2.4 Government

          5. 1.4.2.2.5 Manufacturing

          6. 1.4.2.2.6 Media & Entertainment

          7. 1.4.2.2.7 Telecom

          8. 1.4.2.2.8 Other End Users

Denmark Data Center Market Size FAQs

The Denmark Data Center Market is projected to register a CAGR of 5.79% during the forecast period (2024-2029).

Bulk Infrastructure Group AS, Colt Technology Services, GlobalConnect AB, Interxion (Digital Reality Trust Inc.) and NNIT AS are the major companies operating in the Denmark Data Center Market.

Denmark Data Center Market Report Snapshots

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