Sweden Data Center Storage Market Size
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.39 Billion |
| Market Size (2029) | USD 0.44 Billion |
| CAGR (2024 - 2029) | 2.02 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sweden Data Center Storage Market Analysis
The Sweden Data Center Storage Market size is estimated at USD 0.39 billion in 2024, and is expected to reach USD 0.44 billion by 2029, growing at a CAGR of 2.02% 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.
- IT Load Capacity: The IT load capacity of the Swedish data center market may grow steadily and reach 400 MW by 2029.
- Raised Floor Space: The country's total raised floor area is expected to reach 1.2 million sq. ft by 2029.
- Installed Racks: The country's total number of installed racks is expected to reach 87,000 units by 2029. Stockholm may house the maximum number of racks by 2029.
- Planned Submarine Cables: There are close to 26 submarine cable systems connecting Sweden, and many are under construction.
- An 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 Sweden, which is reflected by the country's evolving IT landscape, business activities, and technological initiatives.
- The 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. Hence, such factors are expected to drive market growth during the forecast period.
Sweden Data Center Storage Market Trends
IT & Telecommunication Segment Holds the Major Share.
- The cloud segment serves as the primary provider of data center services in Sweden, with the telecom segment closely following suit. By 2021, it was estimated that 5G connections in Sweden would constitute 6.2% of the country's total mobile connections. Telecom operators are actively investing in network expansion, with the goal of offering 5G coverage to over 90% of the population by 2023. This surge in network development is driving the demand for advanced computational facilities, poised to propel the market in the foreseeable future.
- The escalation in mobile data traffic per smartphone can be attributed to enhanced device capabilities, the proliferation of data-intensive content, and increased data consumption owing to ongoing network performance enhancements. Notably, the number of Facebook users in Sweden grew from 7.9 million in 2021 to 8.7 million in 2022, representing 84.4% of the population. Similarly, Instagram users increased from 5.03 million in 2021 to 6.06 million in 2022. The Swedish Association of Local Authorities and Regions (SALAR) has also introduced a visionary e-health strategy, allocating an annual investment of 1.21 billion in healthcare IT.
- The rising number of smartphone users in Sweden is contributing to increased connectivity nationwide. Telecom operators are strategically investing in network infrastructure to expand 5G coverage across the country. Net4Mobility, a joint venture between Tele2 and Telenor, is actively accelerating the deployment of the 5G network. Tele2 and Telenor Sweden have committed to extending Net4Mobility's coverage to 90% of the Swedish population by the end of 2023, with the remaining 20% targeted for 2024. Telia Sweden, in collaboration with Ericsson, aims to achieve 5G coverage equivalent to its 4G network by 2025, reaching over 90% of the population by 2023 and expanding to 90% geographic and over 99% population coverage in the long run.
- The growth of broadband connectivity in Sweden is being propelled by an increased demand for data consumption from both households and businesses. Government initiatives are playing a crucial role in fostering connectivity. Furthermore, the widespread use of wireless devices and the expanding internet connectivity landscape are driving the demand for online cloud platforms.
- The growing digital penetration, with computer usage increasing from 89.72% in 2017 to 94.36% in 2022, has resulted in elevated data traffic over broadband channels, further fueling the growth of cloud computing services. These developmental trends are expected to augment the expansion of data centers in the region and substantiate the market's growth in storage solutions.
Hybrid Storage is Expected to Hold a Significant Market Share
- The combination of on-premises and cloud storage solutions is called hybrid storage in data centers. This approach leverages the strengths of both environments, offering the flexibility to store and manage data on-site and in the cloud.
- The Swedish economy is diverse, with a strong representation of manufacturing, technology, and services sectors. In accordance with their specific needs and regulatory requirements, hybrid storage enables organizations from different sectors to customize data storage solutions.
- In terms of data protection and safety, Sweden has a high priority. Hybrid storage allows organizations to manage sensitive information on-premises. It ensures that they comply with strict data protection laws while remaining able to use the elasticity and capacity of cloud services for a less sensitive set of data.
- Sweden is a well connected country with a strong level of digital readiness with a high penetration rate for internet usage, social media engagement, mobile connections, adoption of 5G, online shopping, and digital payments. For instance, according to GSMA, in Q2 2022, Sweden had the fastest 5G median download speed in the Nordic region, partially due to the country's digitalization strategy. Thus, the above factors result in huge demand for data centers and, consequently, the need for more ethernet switches within data centers.
- The key players in the market focus on improving the data center storage solutions to meet the market demand. In May 2023, Infinidat, a prominent provider of enterprise storage solutions, announced the launch of two prominent new solutions. The solutions include the launch of InfuzeOS Cloud Edition, which expands Infinidat’s support of hybrid cloud storage deployments and new InfiniSafe Cyber Detection for enterprise primary storage to better resist cyberattacks.
Sweden Data Center Storage Industry Overview
The upcoming DC construction projects in the country would increase the demand for Sweden's Data Center Storage Market in the coming years. The Sweden Data Center Storage Market is moderately consolidated with some players in the market, including Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Huawei Technologies Co. Ltd., and Hitachi Vantara LLC. These major players, with a prominent market share, focus on expanding their regional customer base.
In June 2023, Huawei announced the launch of its new innovative data center data infrastructure architecture, F2F2X (Flash-to-Flash-to-Anything). It assists financial institutions in tackling new data, new applications, and new resilience challenges; this architecture serves as a reliable source of information.
In March 2023, Hewlett Packard Enterprise (HPE) announced a definitive agreement to acquire OpsRamp, an information operations management (ITOM) company that observes, tracks, automates, and manages IT infrastructure, cloud resources, workloads, and applications in hybrid and multi-cloud environments, including some of the world's leading hyperscalers.
Sweden Data Center Storage Market Leaders
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Dell Inc.
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Hewlett Packard Enterprise
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NetApp Inc.
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Huawei Technologies Co. Ltd.
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Hitachi Vantara LLC
*Disclaimer: Major Players sorted in no particular order
Sweden Data Center Storage Market News
- June 2023: Pure Storage, a significant data storage technology and service provider, announced the expansion of its disk replacement-focused Pure//E family of products with the all-new FlashArray//E. FlashArray//E will provide customers with an 80% reduction in energy and space costs, 60% less operational costs than the disk, as well as 85 % less e-waste.
- June 2023: Hitachi Vantara, a prominent infrastructure, data management, and digital solutions subsidiary of Hitachi, Ltd., announced its two new global partnership agreements with Cisco. These agreements will enable Hitachi Vantara to seamlessly integrate Cisco technologies into its storage products and position it as a leading provider of data center infrastructure and hybrid cloud-managed services by bringing it into the Vantara Service Provider and Technology Integrator (STI) Partner programs.
Sweden Data Center Storage 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 Demand of Clolud Computing Capabilities Drives the Market Growth
4.2.2 Increase in the Demand for Energy-Efficient and Cost-Effective Data Centers Drives the Market Growth
4.3 Market Restraints
4.3.1 Skilled Workforce Availability and Security Concerns
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 Storage Technology
5.1.1 Network Attached Storage (NAS)
5.1.2 Storage Area Network (SAN)
5.1.3 Direct Attached Storage (DAS)
5.1.4 Other Technologies
5.2 Storage Type
5.2.1 Traditional Storage
5.2.2 All-Flash Storage
5.2.3 Hybrid Storage
5.3 End-User
5.3.1 IT & Telecommunication
5.3.2 BFSI
5.3.3 Government
5.3.4 Media & Entertainment
5.3.5 Other End-Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Dell Inc.
6.1.2 Hewlett Packard Enterprise
6.1.3 NetApp Inc.
6.1.4 Huawei Technologies Co. Ltd.
6.1.5 Hitachi Vantara LLC
6.1.6 Kingston Technology Company Inc.
6.1.7 Pure Storage Inc.
6.1.8 Infinidat Ltd.
6.1.9 Lenovo Group Limited
6.1.10 Fujitsu Limited
6.1.11 Nutanix Inc.
6.1.12 Oracle Corporation
6.1.13 Commvault Systems Inc.
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sweden Data Center Storage Industry Segmentation
Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, used for storing, managing, retrieving, distributing, and backing up digital information within such facilities.
The Sweden data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), direct attached storage (DAS), and other technologies), by storage type (traditional storage, all-flash storage, and hybrid storage), and by end-user (IT & telecommunication, BFSI, government, media & entertainment, and other end-users).
Market sizes and forecasts are provided in terms of value (USD) for all the segments above.
| 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-Users |
Sweden Data Center Storage Market Research FAQs
How big is the Sweden Data Center Storage Market?
The Sweden Data Center Storage Market size is expected to reach USD 0.39 billion in 2024 and grow at a CAGR of 2.02% to reach USD 0.44 billion by 2029.
What is the current Sweden Data Center Storage Market size?
In 2024, the Sweden Data Center Storage Market size is expected to reach USD 0.39 billion.
Who are the key players in Sweden Data Center Storage Market?
Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Huawei Technologies Co. Ltd. and Hitachi Vantara LLC are the major companies operating in the Sweden Data Center Storage Market.
What years does this Sweden Data Center Storage Market cover, and what was the market size in 2023?
In 2023, the Sweden Data Center Storage Market size was estimated at USD 0.38 billion. The report covers the Sweden Data Center Storage Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sweden Data Center Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sweden Data Center Storage Industry Report
Statistics for the 2024 Sweden Data Center Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sweden Data Center Storage analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Sweden Data Center Storage Market Report Snapshots
