Norway Data Center Colocation Market - Supply & Demand Analysis 2024-2029

COLOCATION DEMAND AND SUPPLY HIGHLIGHTS

The Norway data center colocation market size was valued at USD 205 million in 2023 and is expected to reach USD 936 million by 2029, growing at a CAGR of 28.80% during the forecast period. The Norway data center colocation market has witnessed remarkable growth in recent years, fueled by factors including the burgeoning demand for cloud services, technological advances, and supportive governmental policies. High-performance computing is becoming increasingly important for various sectors, including scientific research, financial modeling, and big data analytics. The expansion of HPC capabilities in Norway is a key growth driver for the data center industry.

The average vacancy rate in the data centers in Oslo stands at approximately 10%-13%. This relatively low vacancy rate indicates a strong demand for colocation services in the capital. Overall, the occupancy rate in Norway is estimated to be over 85%, reflecting the high utilization of existing data center capacities across the country. Further, in February 2023, Google commenced the construction of its inaugural data center campus in Skien, Norway. Hyperscale self-built activities in the market during the forecast period might reduce the demand for hyperscale colocation from a few operators. However, the industry is expected to see higher take-up of wholesale colocation spaces by AI companies. Also, Norwegian data centers exclusively rely on renewable energy sources and capitalize on the colder climate, resulting in lower cooling energy needs. This makes it advantageous for the major global players to relocate their data operations to Norway, contributing positively to the global climate.

WHATS INCLUDED?

1. Transparent research methodology and insights on the market's colocation of demand and supply.
2. Market size is available in terms of utilized white floor area, IT power capacity, and racks.
3. The market size available in terms of Core & Shell Vs Installed Vs Utilized IT Power Capacity along with the occupancy %.
4. The study of the existing Norway data center industry landscape and insightful predictions about industry size during the forecast period.
5. An analysis of the current and future colocation demand in Norway by several industries. 
6. Study on sustainability status in the region
7. Analysis of current and future cloud operations in the region.
8. Snapshot of upcoming submarine cables and existing cloud-on-ramps services in the region.
9. Snapshot of existing and upcoming third-party data center facilities in Norway
10. Facilities Covered (Existing): 24
11. Facilities Identified (Upcoming): 14
12. Coverage: 09 Cities
13. Existing vs. Upcoming (White Floor Area)
14. Existing vs. Upcoming (IT Load Capacity)
15. Data Center Colocation Market in Norway
16. Colocation Market Revenue & Forecast (2023-2029)
17. Retail Colocation Revenue (2023-2029)
18. Wholesale Colocation Revenue (2023-2029)
19. Retail Colocation Pricing along with Addons
20. Wholesale Colocation Pricing along with the pricing trends. 
21. An analysis of the latest trends, potential opportunities, growth restraints, and prospects for the Norway data center colocation market.
22. Competitive landscape, including industry share analysis by the colocation operators based on IT power capacity and revenue.
23. The vendor landscape of each existing and upcoming colocation operator is based on the existing/ upcoming count of data centers, white floor area, IT power capacity, and data center location.