Data Center - Denmark

Denmark

Revenue in the Data Center market is projected to reach €2.07bn in 2024.
Network Infrastructure dominates the market with a projected market volume of €1.20bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.75%, resulting in a market volume of €2.87bn by 2029.
In global comparison, most revenue will be generated in the United States (€114.20bn in 2024).

Key regions: United States, Germany, India, Japan, China

Definition:

The Data Center market is a critical segment of the technology industry focusing on supplying and managing physical infrastructure necessary for hosting and operating IT systems, primarily servers, storage, and network equipment. This market spans from traditional in-house data centers to sophisticated facilities offered by specialized providers, covering services like hosting, shared data center facilities, and managed data center solutions. It targets a diverse client base, ranging from small businesses to large enterprises, offering flexible, scalable solutions for their IT infrastructure needs. This sector is integral to the efficient functioning and security of IT operations in various organizations.

Structure:

The Data Center market is structured in three markets based on the services model provided by the companies.

The Server market covers the resources and services related to servers, integral for hosting websites, managing databases, and supporting cloud computing.
The Storage market covers the resources and services related to data storage systems, crucial for archiving, data backup, and ensuring data recovery.
The Network Infrastructure market covers the resources and services related to network hardware essential for ensuring connectivity, data transmission, and network security.

Additional Information:

The Data Center market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Market values represent revenues paid to primary vendors at the manufacturer price level either directly or through distribution channels (excluding VAT). Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Data Center market include companies such as Dell, HPE, Huawei, and Ericsson.

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Analyst Opinion

The Data Center Market in Denmark is experiencing minimal growth, influenced by factors such as the increasing adoption of cloud services, the need for efficient data storage, and advancements in networking technology. The market is expected to continue growing at a steady pace due to the high demand for data center solutions in various industries.

Customer preferences: The demand for sustainable and energy-efficient data center solutions is on the rise in Denmark. This trend is driven by the country's commitment to reducing carbon emissions and increasing renewable energy usage. In addition, there is a growing preference for data centers that prioritize environmental sustainability and have a low carbon footprint. As a result, data center providers are increasingly investing in green technology and adopting renewable energy sources to meet the changing consumer preferences.

Trends in the market: In Denmark, the Data Center Market is experiencing a surge in demand for green and sustainable data centers, with companies increasingly prioritizing environmentally friendly solutions. This trend is expected to continue as the country aims to become carbon neutral by 2050. Additionally, there is a growing focus on edge computing and the use of artificial intelligence in data centers, as well as the adoption of modular designs for increased flexibility. These developments have significant implications for industry stakeholders, who must adapt to the evolving landscape to remain competitive in the market.

Local special circumstances: In Denmark, the Data Center Market is thriving due to the country's strong focus on sustainability and renewable energy. With a high percentage of electricity coming from wind and solar sources, data centers in Denmark have a significantly lower carbon footprint compared to other markets. Additionally, the country's strict data privacy laws and emphasis on data security have attracted international companies looking for a safe and reliable location for their data storage. This unique combination of green energy and data protection measures sets Denmark apart from other data center markets and influences its market dynamics.

Underlying macroeconomic factors: The Data Center Market in Denmark is strongly influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. The country's stable economy, favorable business climate, and strong technology infrastructure have attracted significant investments in the data center market. Moreover, Denmark's focus on renewable energy and its environmentally friendly policies have also contributed to the growth of the market. Additionally, the increasing demand for cloud services and data storage solutions from various industries has further fueled the growth of the data center market in Denmark.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.