Market Size of sweden data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 331 MW |
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Market Volume (2029) | 419.7 MW |
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Largest Share by Tier Type | Tier 4 |
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CAGR (2024 - 2029) | 4.87 % |
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Fastest Growing by Tier Type | Tier 4 |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Sweden Data Center Market Analysis
The Sweden Data Center Market size is estimated at 331 MW in 2024, and is expected to reach 419.7 MW by 2029, growing at a CAGR of 4.87%. Further, the market is expected to generate colocation revenue of USD 351.2 Million in 2024 and is projected to reach USD 464.9 Million by 2029, growing at a CAGR of 5.77% during the forecast period (2024-2029).
USD 351.17 Million
Market Size in 2024
USD 465 Million
Market Size in 2029
14.3%
CAGR (2017-2023)
5.8%
CAGR (2024-2029)
IT Load Capacity
331 MW
Value, IT Load Capacity, 2024
Sweden is a connected country with a high penetration rate for internet usage, social media engagement, adoption of 5G, online shopping, and digital payments, such factors expected to create more demand for IT load capacity in future.
Total Raised Floor Space
Sq. Ft. 1.36 M
Volume, Raised Floor Space, 2024
The cloud and telecom segments are expected to generate the highest revenue and manufacturing segment is expected to witness the highest growth, which predict to create more need of raised floor space in near future.
Installed Racks
68,183
Volume, Installed Racks, 2024
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. STACK INFRASTRUCTURE is expected to establish a new data center (STO01B) of 18 MW capacity.
# of DC Operators & DC Facilities
20 and 45
Volume, DC Facilities, 2024
There were 42 colocation data center facilities, with Stockholm as the major hotspot. Some of the factors contributing to the growth of data centers in the country are the adoption of 5G, smartphone penetration, and digitalization.
Leading Market Player
29.7%
Market Share, EcoDataCenter , 2023
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.
Tier 4 data center accounted for majority share in terms of volume in 2023, and is expected to dominate through out the forecasted period
- 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.
Understand The Key Trends Shaping This Market
Sweden Data Center Industry Segmentation
Stockholm 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.
- 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.
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Need A Different Region Or Segment?
Sweden Data Center Market Size Summary
The Sweden data center market is experiencing a steady expansion, driven by the increasing demand for robust data infrastructure to support the country's advanced digital ecosystem. With a strong emphasis on high standards and efficiency, Tier 3 and Tier 4 data centers are becoming the preferred choice for businesses requiring uninterrupted services and business continuity. The market is witnessing a shift from Tier 1 and Tier 2 facilities due to their inability to meet the growing demands for reliable and efficient services. The presence of major players like Bahnhof, Equinix, Inc., and Stack Infrastructure, Inc. underscores the competitive landscape, with these companies leading the charge in developing state-of-the-art data center facilities. The construction of new data centers, such as those by EcoDataCenter and Conapto, highlights the ongoing investment in infrastructure to cater to the increasing needs of the digital economy.
Sweden's digital readiness is further bolstered by its high penetration of internet usage, mobile connections, and the adoption of 5G technology, which are pivotal in driving the data center market's growth. The country's strategic focus on expanding 5G network coverage, led by operators like Telia, Tele2, and Telenor, is expected to enhance mobile data speeds and support the burgeoning demand for data services. The rise in smartphone users and the growing e-commerce sector are contributing factors to the market's expansion, as they necessitate more sophisticated data handling and storage solutions. As the market evolves, the emphasis on renewable energy and sustainable practices, as seen in initiatives by EcoDataCenter, is likely to play a significant role in shaping the future of data centers in Sweden.
Sweden Data Center Market Size - Table of Contents
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1. MARKET SEGMENTATION (INCLUDES MARKET SIZE IN VOLUME, FORECASTS UP TO 2029 AND ANALYSIS OF GROWTH PROSPECTS)
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1.1 Hotspot
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1.1.1 Stockholm
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1.1.2 Rest of Sweden
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1.2 Data Center Size
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1.2.1 Large
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1.2.2 Massive
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1.2.3 Medium
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1.2.4 Mega
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1.2.5 Small
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1.3 Tier Type
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1.3.1 Tier 1 and 2
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1.3.2 Tier 3
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1.3.3 Tier 4
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1.4 Absorption
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1.4.1 Non-Utilized
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1.4.2 Utilized
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1.4.2.1 By Colocation Type
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1.4.2.1.1 Hyperscale
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1.4.2.1.2 Retail
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1.4.2.1.3 Wholesale
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1.4.2.2 By End User
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1.4.2.2.1 BFSI
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1.4.2.2.2 Cloud
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1.4.2.2.3 E-Commerce
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1.4.2.2.4 Government
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1.4.2.2.5 Manufacturing
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1.4.2.2.6 Media & Entertainment
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1.4.2.2.7 Telecom
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1.4.2.2.8 Other End User
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Sweden Data Center Market Size FAQs
What is the current Sweden Data Center Market size?
The Sweden Data Center Market is projected to register a CAGR of 4.87% during the forecast period (2024-2029).
Who are the key players in Sweden Data Center Market?
Bahnhof, Equinix, Inc., Hydro66 Svenska AB(Northern Data AG), Interxion (Digital Reality Trust, Inc.) and Stack Infrastructure, Inc. are the major companies operating in the Sweden Data Center Market.
