Market Size of Denmark Data Center Rack Industry
Study Period | 2019 - 2030 |
Base Year For Estimation | 2023 |
Market Volume (2024) | 39.92 Thousand units |
Market Volume (2030) | 80.50 Thousand units |
CAGR (2024 - 2030) | 12.40 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Denmark Data Center Rack Market Analysis
The Denmark Data Center Rack Market size is estimated at 39.92 Thousand units in 2024, and is expected to reach 80.50 Thousand units by 2030, growing at a CAGR of 12.40% during the forecast period (2024-2030).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
Under Construction IT Load Capacity: The upcoming IT load capacity of the Denmark data center rack market is expected to reach over 320 MW by 2029.
Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 1.1 million sq. ft by 2029.
Planned Racks: The country's total number of racks to be installed is expected to reach 63,000 units by 2029. Copenhagen is expected to house the maximum number of racks by 2029.
Planned Submarine Cables: There are close to 30 submarine cable systems connecting the Netherlands, and many are under construction.
Denmark Data Center Rack Industry Segmentation
A data center rack is a physical enclosure made up of usually steel housing electronic framework. It is designed to house servers, networking and communication devices, cables, and other data center computing peripherals.
The Denmark data center rack market is segmented by rack size (quarter rack, half rack, full rack) and by end user (IT & telecommunication, BFSI, government, and media & entertainment). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.
Rack Size | |
Quarter Rack | |
Half Rack | |
Full Rack |
End-User | |
IT & Telecommunication | |
BFSI | |
Government | |
Media & Entertainment | |
Other End-Users |
Denmark Data Center Rack Market Size Summary
The Denmark data center rack market is experiencing significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments by local players. The market is characterized by a robust expansion in IT load capacity and raised floor space, with Copenhagen anticipated to host the majority of the racks. The region's strategic position in e-commerce, bolstered by high internet and smartphone penetration, further fuels the demand for data centers. The COVID-19 pandemic has accelerated online shopping, enhancing the need for efficient data center infrastructure to support e-commerce activities. The preference for card-based online payments and the high per capita online shopping spending underscore the importance of data centers in facilitating these transactions.
The market is moderately competitive, with key players like Eaton Corporation, Black Box Corporation, Rittal GMBH & Co.KG, Schneider Electric SE, and Vertiv Group Corp. focusing on expanding their presence and customer base in Denmark. The proliferation of 5G, cloud computing, and fiber optic technology has led to an increased reliance on full-rack data centers, particularly in sectors like BFSI, where online and mobile banking are on the rise. The construction of Tier-3 and Tier-4 data centers is also gaining traction, reflecting the growing need for business continuity services. Strategic collaborations, such as Borealis Data Center's partnership with IBM Denmark, highlight the ongoing efforts to enhance data center capabilities and sustainability.
Denmark Data Center Rack Market Market Size - Table of Contents
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1. Market Dynamics
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increased Migration to Cloud-based Business Operations
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1.2.2 Internet Adoption and Information Technology Services to Boost Market Progress
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1.3 Market Restraints
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1.3.1 Low Availability of Resources
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Buyers/Consumers
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1.5.2 Bargaining Power of Suppliers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of COVID-19 Impact
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2. MARKET SEGMENTATION
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2.1 Rack Size
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2.1.1 Quarter Rack
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2.1.2 Half Rack
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2.1.3 Full Rack
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2.2 End-User
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2.2.1 IT & Telecommunication
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2.2.2 BFSI
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2.2.3 Government
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2.2.4 Media & Entertainment
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2.2.5 Other End-Users
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Denmark Data Center Rack Market Market Size FAQs
How big is the Denmark Data Center Rack Market?
The Denmark Data Center Rack Market size is expected to reach 39.92 thousand units in 2024 and grow at a CAGR of 12.40% to reach 80.50 thousand units by 2030.
What is the current Denmark Data Center Rack Market size?
In 2024, the Denmark Data Center Rack Market size is expected to reach 39.92 thousand units.