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Denmark Data Center Storage Market Size (2024 - 2029)

The Denmark Data Center Storage Market is projected to experience significant growth over the forecast period, driven by the increasing demand for cloud computing, government regulations for local data security, and rising investments by domestic players. The expansion of data centers in Denmark is supported by the country's evolving IT landscape and technological initiatives, including digital transformation, e-commerce, and smart city developments. These factors contribute to the overall market size, reflecting the nation's commitment to enhancing its data storage capabilities and infrastructure.

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Market Size of Denmark Data Center Storage Industry

Denmark Data Center Storage Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 222.5 Million
Market Size (2029) USD 330.80 Million
CAGR (2024 - 2029) 8.50 %
Market Concentration Medium

Major Players

Denmark Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Denmark Data Center Storage Market Analysis

The Denmark Data Center Storage Market size is estimated at USD 222.5 million in 2024, and is expected to reach USD 330.80 million by 2029, growing at a CAGR of 8.5% during the forecast period (2024-2029).

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 Danish data center rack market is expected to reach 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 nearly 30 submarine cable systems connecting Denmark, and many are under construction. One such submarine cable that was expected to start service in 2023 was the Digital E4, which stretches over 70 km with landing points from Ronne to Tejn.
  • The increasing need for data storage has resulted in an upsurge in the number of data centers nationwide. Several factors contribute to the demand for data centers and their growth within Denmark, which is reflected by the country's evolving IT landscape, business activities, and technological initiatives. Key drivers that propel the development of data centers in the nation include digital transformation, cloud computing adoption, e-commerce & digital services, renewable energy & sustainability, and smart cities & IoT initiatives. Such factors are also expected to drive market growth during the forecast period.

Denmark Data Center Storage Industry Segmentation

Data center storage refers to the devices, hardware, networking equipment, and software technologies that enable the storage of data and applications within data center facilities. It is used to store, manage, retrieve, distribute, and back up digital information within data center facilities.

The Danish data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), and direct attached storage (DAS)), Storage Type (Traditional Storage, All-Flash Storage, and Hybrid Storage), and end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Storage Technology
Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Other Technologies
Storage Type
Traditional Storage
All-Flash Storage
Hybrid Storage
End-User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End-User
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Denmark Data Center Storage Market Size Summary

The Denmark Data Center Storage 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 of data center infrastructure, including the construction of new IT load capacities, raised floor spaces, and the installation of numerous racks, particularly in Copenhagen. The proliferation of submarine cable systems further enhances Denmark's connectivity, supporting the burgeoning data center industry. Key factors propelling market growth include digital transformation, the adoption of cloud computing, and the rise of e-commerce and digital services. Additionally, initiatives focused on renewable energy, sustainability, and smart cities are contributing to the demand for advanced data storage solutions.

The market is also influenced by the rapid adoption of emerging technologies such as artificial intelligence, big data, and blockchain, which are driving the need for more sophisticated data center storage solutions. The increasing popularity of cloud-based services is prompting the construction of more colocation cloud-based data centers. Telecommunications advancements, including widespread 4G adoption and the rollout of 5G, are further stimulating the demand for data center storage solutions. The hybrid storage approach, combining on-premises and cloud storage, is gaining traction as businesses seek to optimize costs and manage data efficiently. Major industry players are continuously enhancing their storage solutions to meet the growing market demand, with recent innovations focusing on improving performance, reducing costs, and addressing cybersecurity challenges.

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Denmark Data Center Storage Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand of Clolud Computing Capabilities Drives the Market Growth

      2. 1.2.2 Increase in the Demand for Energy-Efficient and Cost-Effective Data Centers

    3. 1.3 Market Restraints

      1. 1.3.1 Skilled Workforce Availability and Security Concerns

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 Storage Technology

      1. 2.1.1 Network Attached Storage (NAS)

      2. 2.1.2 Storage Area Network (SAN)

      3. 2.1.3 Direct Attached Storage (DAS)

      4. 2.1.4 Other Technologies

    2. 2.2 Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-Flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 End-User

      1. 2.3.1 IT & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End-User

Denmark Data Center Storage Market Size FAQs

The Denmark Data Center Storage Market size is expected to reach USD 222.5 million in 2024 and grow at a CAGR of 8.5% to reach USD 330.80 million by 2029.

In 2024, the Denmark Data Center Storage Market size is expected to reach USD 222.5 million.

Denmark Data Center Storage Market Report Snapshots

Denmark Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)