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Sweden Data Center Storage Market Size (2024 - 2029)

The Sweden Data Center Storage Market is projected to experience growth driven by factors such as the increasing demand for cloud computing among small and medium-sized enterprises, government regulations for local data security, and rising investments by domestic players. The market's expansion is supported by the country's evolving IT landscape, business activities, and technological initiatives. Key drivers include digital transformation, cloud computing adoption, e-commerce, renewable energy, and smart city initiatives, all contributing to the growth of data centers and their capacity in Sweden.

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Market Size of Sweden Data Center Storage Industry

Sweden Data Center Storage Market Summary
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

Sweden Data Center Storage Market 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 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
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Sweden Data Center Storage Market Size Summary

The Sweden Data Center Storage Market is poised for steady growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and significant investments from local players. The market is characterized by a robust IT infrastructure, with expanding IT load capacity, raised floor space, and a growing number of installed racks, particularly in Stockholm. The proliferation of submarine cable systems further enhances Sweden's connectivity, supporting the surge in data center demand. Key drivers of market expansion include digital transformation, the adoption of cloud computing, and initiatives in e-commerce, renewable energy, and smart cities. These factors collectively contribute to the evolving IT landscape and technological advancements in the country.

The market is moderately consolidated, with major players like Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Huawei Technologies Co. Ltd., and Hitachi Vantara LLC focusing on enhancing data center storage solutions. The hybrid storage approach, combining on-premises and cloud solutions, is gaining traction due to its flexibility and compliance with data protection laws. The Swedish economy's digital readiness, marked by high internet penetration, mobile connectivity, and 5G adoption, fuels the demand for data centers. Recent innovations and strategic partnerships among key players aim to address new data challenges and improve infrastructure efficiency. These developments, alongside ongoing construction projects, are expected to further drive the market's growth in the coming years.

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Sweden 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 Drives the Market Growth

    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-Users

Sweden Data Center Storage Market Size FAQs

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.

In 2024, the Sweden Data Center Storage Market size is expected to reach USD 0.39 billion.

Sweden Data Center Storage Market Report Snapshots

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