Hybrid Cloud Infrastructure Services to Grow at a CAGR Of 40% in the Nordics Data Center Market
Arizton’s recent market research report on the Nordics data center market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by electrical infrastructure (UPS, generators, rack power distribution units, transfer switches & switchgear, and other), mechanical infrastructure (cooling systems, racks, and other mechanical infrastructure), cooling systems (CRAC & CRAH, chiller units, cooling towers & dry coolers, economizers& evaporative coolers, and other cooling units), cooling technique (air-based cooling technique and liquid-based cooling technique), general construction (building development, installation & commissioning services, building design, physical security, DCIM), tier standards (Tier I&II, Tier III, and Tier IV), and geography (Iceland, Sweden, Denmark, and Finland).
The Nordics data center market is expected to grow at a CAGR of over 7% during the period 2018−2024.
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Nordic has been an attractive location for data center investments. The availability of renewable energy sources is the major driver for the market. Colocation providers and internet and cloud service providers are the key contributors in the Nordic data center market. The research report offers the market share analysis in terms of power capacity (Mega Watt) and area (million square feet) during the forecast period.
The leading drivers and trends driving the growth of the Nordics data center market are discussed below:
Increasing Demand for Cloud Computing
The Nordics region has been a famous destination among vendors as establishing cloud data centers in a high-density environment results in significant OPEX. In 2018, the market witnessed the establishment of the cloud region by AWS. Currently, Microsoft is in the process of establishing the cloud region in Norway in partnership with Equinox. The penetration of IoT services will increase the use of cloud-based services in the Nordics data center market. Among cloud service models, the demand for IaaS will continue to grow among enterprise customers during the forecast period. The demand for hybrid infrastructure services is expected to grow at a CAGR of over 40% during the forecast period. The cloud computing demand is growing among government agencies with IT and transportation sectors dominating the market.
Growing Hyperscale Colocation Investment
Colocation providers are the major revenue generators to the data center market with several service providers investing in mega data center facilities, spanning over hundred acres of land that can aid them to overcome the current and expected future demand in the market. Equinix, Hydro66, and Interxion are investing in data center expansions in the Nordic region. Advancements in demand for colocation and managed service are growing in the Nordic region. The demand for hybrid infrastructure services is gaining tractions in the Nordics data center construction market. The increased deployment of cloud data centers by hyperscale operators such as Google, AWS and Microsoft might decrease the demand for colocation services. Hyperscale operators and colocation providers are establishing data centers in the Nordic region to reduce the cost of electricity and operate facilities with minimal carbon emissions.
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The key construction contractors for the Nordics data center market are AECOM, DPR Construction, HDR Architecture, MACE Group, Mercury Engineering, NCC, and Skanska. The key infrastructure providers are ABB, Eaton, Rittal, Schneider Electric, STULZ, and Vertiv. The key data center investors are Amazon Web Service (AWS), Equinix, Facebook, Hydro66, Interxion, and Microsoft.
The complete overview of the latest market research report on the Nordics data center construction market by Arizton is now available.
The report offers a detailed study of major trends, drivers, and challenges, and provides the market size and forecast for major geographical regions and key countries.
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