Norway Data Center Networking Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 286.61 Million |
| Market Size (2030) | USD 478.04 Million |
| CAGR (2024 - 2030) | 8.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Norway Data Center Networking Market Analysis
The Norway Data Center Networking Market size is estimated at USD 286.61 million in 2024, and is expected to reach USD 478.04 million by 2030, growing at a CAGR of 8.90% 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.
- The upcoming IT load capacity of the Norway market is expected to reach 320 MW by 2029. The country's construction of raised floor area is expected to increase more than 1.5 million sq. ft by 2029.
- The country's total number of racks to be installed is expected to reach 81,000 units by 2029. Greater Milan will likely house the maximum number of racks by 2029. There are close to 15 submarine cable systems connecting Norway, and many are under construction.
Norway Data Center Networking Market Trends
IT & Telecommunication Segment to Hold Major Share in the Market
- Increased adoption of cloud computing services in the country has increased IT infrastructure components. Many technology companies have launched cloud services to support the digital transformation efforts of many enterprises. These instances are increasing the demand for data center networking systems during the forecast period.
- The increasing demand for 4G services and the continuous expansion of infrastructure to provide 5G services facilitate the use of data centers. As the amount of data generated continues to increase, the need for backup and storage solutions increases. This accommodates the increasing number of network solutions in data centers.
- The growth is driven by an increase in telecom subscribers and an increasing smartphone users to generate more information and increase demand for data center network solutions in the country.
- The growth is being driven by increased adoption of cloud computing technologies, digitization, virtualization, and many storage system services. As the amount of data generated continues to increase, the need for storage and backup solutions increases. More storage arrays have equivalent storage arrays in the cloud that can be easily replicated and failed over if needed. Examples include Hewlett Packard Enterprise Cloud Volumes (Nimble), IBM Spectrum Virtualize, and Oracle Cloud Storage using Oracle ZFS Storage Appliance.
- The rise in artificial intelligence (AI), Internet of Things (IoT), and big data workloads is driving demand for ingenious data center network infrastructure solutions among data facilities. This allows providers to constantly innovate their network portfolio to adapt to the environment and deliver greater efficiency, scalability, and reliability.
Ethernet Switches to Hold Significant Share in the Market
- Ethernet is a midrange technology that also provides a practical solution to meet growing data center connectivity requirements. Therefore, data center expansion has increased the demand for high-bandwidth switches.
- The introduction of higher bandwidth, high performance, scalability, and virtualization in data centers contributes to the growth of the data center networking market.
- The use of ethernet switches is expected to increase due to the increased use of power over ethernet (PoE) in various applications, increased internet connectivity, development of cloud networks, and integration of home and business networks.
- Increased investment in the IT industry, increased digitalization, and expansion of many companies, including telecommunications, data centers, and cloud computing, are driving the use of ethernet switches in the country.
- Ethernet switches are used in diverse applications in industrial infrastructure, including smart grids, surveillance and security, smart rail and transportation, and other utilities. These switches play a crucial role in the substation automation in smart grids. This is because integrating the switch into an ethernet-based network reduces the complexity and tension of cabling between power transmission and distribution devices within a substation.
Norway Data Center Networking Industry Overview
The data center industry is undergoing a significant transformation marked by increasing fragmentation as both established vendors and newcomers contend with fierce competition. The proliferation of cloud computing has piqued the interest of fresh investors looking to leverage the sector's remarkable growth. Notable contenders in this dynamic market landscape encompass industry leaders such as Cisco Systems Inc., Dell EMC, IBM, HP Development Company, L.P., and NEC Corporation.
In June 2023, Cisco Inc. introduced the Cisco Nexus 9800 Series modular switches. These switches represent a valuable addition to the Cisco Nexus 9000 Series portfolio, offering a new chassis designed to accommodate high-speed and high-port-density line cards.
Norway Data Center Networking Market Leaders
-
Cisco Systems Inc.
-
Dell EMC
-
NEC Corporation
-
IBM Corporation
-
HP Development Company, L.P.
*Disclaimer: Major Players sorted in no particular order
Norway Data Center Networking Market News
- January 2024: Juniper introduced the latest capabilities of its cloud-based Mist AI that uses big data analytics, ML and other AI technologies to identify and resolve common networking issues. The company also introduced two QFX switches and a PTX router for data center servers that run AI model inference and machine learning (ML).
- June 2024: Cisco, in partnership with NVIDIA , has introduced the Cisco Nexus HyperFabric AI cluster solution, a new end-to-end infrastructure designed to scale generative AI workloads efficiently. This solution integrates Cisco’s AI-native networking capabilities with NVIDIA’s accelerated computing and AI software, complemented by VAST’s robust data storage platform.
Norway Data Center Networking Market Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption & Market Definition
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Utilization of Cloud Storage is Driving the Market Growth
4.2.2 Rising Need for Backup and Storage is Expanding the Market Demand
4.3 Market Restraints
4.3.1 Lack of Skilled Professionals is Hindering the Market Demand
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of COVID-19 Impact
5. MARKET SEGMENTATION
5.1 By Component
5.1.1 By Product
5.1.1.1 Ethernet Switches
5.1.1.2 Router
5.1.1.3 Storage Area Network (SAN)
5.1.1.4 Application Delivery Controller (ADC)
5.1.1.5 Other Networking Equipment
5.1.2 By Services
5.1.2.1 Installation & Integration
5.1.2.2 Training & Consulting
5.1.2.3 Support & Maintenance
5.2 End-User
5.2.1 IT & Telecommunication
5.2.2 BFSI
5.2.3 Government
5.2.4 Media & Entertainment
5.2.5 Other End-Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cisco Systems Inc.
6.1.2 Huawei Technologies Co. Ltd.
6.1.3 Extreme Networks Inc.
6.1.4 NVIDIA (Cumulus Networks Inc.)
6.1.5 Dell EMC
6.1.6 NEC Corporation
6.1.7 HP Development Company, L.P.
6.1.8 Intel Corporation
6.1.9 Schneider Electric
6.1.10 ALCATEL-LUCENT ENTERPRISE
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Norway Data Center Networking Industry Segmentation
Data center networking refers to the set of technologies, protocols, and hardware used to connect physical and network-based devices and manage the network infrastructure, storage, and processing of application and data. Data center networking is very critical for 100% uptime of data centers. In the current web-connected world, business workloads are executed on single computers, hence leading to the need for data center networking. Networks provide servers, clients, applications, and middleware with a standard plan to stage the execution of workloads and also to manage access to the data produced.
The Norway data center networking market is segmented by component type, including product (ethernet switches, router, storage area network (SAN), application delivery controller (ADC), and other networking equipment) and services (installation & integration, training & consulting, and support & maintenance). It caters to various end-users such as IT & telecommunications, 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
| By Component | |||||||
| |||||||
|
| End-User | |
| IT & Telecommunication | |
| BFSI | |
| Government | |
| Media & Entertainment | |
| Other End-Users |
Norway Data Center Networking Market Market Research Faqs
How big is the Norway Data Center Networking Market?
The Norway Data Center Networking Market size is expected to reach USD 286.61 million in 2024 and grow at a CAGR of 8.90% to reach USD 478.04 million by 2030.
What is the current Norway Data Center Networking Market size?
In 2024, the Norway Data Center Networking Market size is expected to reach USD 286.61 million.
Who are the key players in Norway Data Center Networking Market?
Cisco Systems Inc., Dell EMC, NEC Corporation, IBM Corporation and HP Development Company, L.P. are the major companies operating in the Norway Data Center Networking Market.
What years does this Norway Data Center Networking Market cover, and what was the market size in 2023?
In 2023, the Norway Data Center Networking Market size was estimated at USD 261.10 million. The report covers the Norway Data Center Networking Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Norway Data Center Networking Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Norway Data Center Networking Market Industry Report
Statistics for the 2024 Norway Data Center Networking market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Norway Data Center Networking analysis includes a market forecast outlook to for 2024 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
