Data Center - Denmark

Denmark

Revenue in the Data Center market is projected to reach US$1.85bn in 2024.
Network Infrastructure dominates the market with a projected market volume of US$1.09bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 7.17%, resulting in a market volume of US$2.44bn by 2028.
In global comparison, most revenue will be generated in the United States (US$99.16bn 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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Market

Region

Region comparison

Currency

Analyst Opinion

The Data Center market in Denmark has been experiencing significant growth in recent years.

Customer preferences: One of the key factors driving the growth of the Data Center market in Denmark is the increasing demand for cloud computing services. Businesses and individuals are increasingly relying on cloud-based solutions for storage, data management, and computing power. This shift towards cloud computing has created a need for robust and reliable data centers that can support the growing demand for these services.

Trends in the market: One of the trends in the Data Center market in Denmark is the focus on energy efficiency. With the increasing demand for data center services, there is a growing concern about the environmental impact of these facilities. As a result, data center operators in Denmark are investing in energy-efficient technologies and infrastructure to minimize their carbon footprint. This includes the use of renewable energy sources, such as wind and solar power, as well as the implementation of energy-saving measures, such as advanced cooling systems and server virtualization. Another trend in the market is the growing importance of data security. With the increasing amount of sensitive data being stored and processed in data centers, there is a heightened focus on ensuring the security and privacy of this data. Data center operators in Denmark are investing in state-of-the-art security measures, such as biometric access controls, advanced fire suppression systems, and robust encryption protocols, to protect their customers' data.

Local special circumstances: Denmark has a number of unique factors that contribute to the growth of its Data Center market. Firstly, the country has a stable political and economic environment, which makes it an attractive location for businesses looking to establish their data center operations. Additionally, Denmark has a reliable and well-developed telecommunications infrastructure, which is essential for the efficient operation of data centers.

Underlying macroeconomic factors: The growth of the Data Center market in Denmark is also supported by favorable macroeconomic factors. The country has a highly skilled workforce and a strong tradition of technological innovation. This, combined with the government's support for the digital economy, has created a favorable business environment for data center operators. Furthermore, Denmark's strategic location within Europe makes it an ideal hub for data center operations, allowing companies to easily serve customers across the region. In conclusion, the Data Center market in Denmark is experiencing significant growth due to the increasing demand for cloud computing services, the focus on energy efficiency and data security, as well as the country's favorable business environment and strong telecommunications infrastructure. These factors, combined with Denmark's stable political and economic environment, make it an attractive location for data center operators.

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.