Industry: ICT & Media | Publish Date: 05-Nov-2024 | No of Pages: 110 | No. of Tables: 78 | No. of Figures: 43 | Format: PDF | Report Code : IC2429
The Finland Data Center Market size was valued at USD 3.15 billion in 2023, and is predicted to reach USD 9.32 billion by 2030, at a CAGR of 16.8% from 2024 to 2030.
The data center market, also known as the network infrastructure market, encompasses the entire lifecycle of specialized infrastructure dedicated to hosting computing systems, including planning, construction, operation, and maintenance. It comprises a variety of components such as servers, storage systems, and networking gear, offering services such as cloud computing and connectivity solutions. Currently, the industry is experiencing widespread adoption of cloud services, alongside the emergence of edge computing to reduce latency.
Key trends include a focus on sustainability, heightened concerns about cybersecurity, the integration of hybrid and multi-cloud approaches, and the influence of 5G networks. These trends highlight the industry's response to the growing demand for scalable, efficient, and secure data processing and storage solutions in the era of digital transformation. According to the United States International Trade Commission, the data processing and storage market is projected to grow from USD 56 billion in 2020 to USD 90 billion by 2025.
Finland's stellar performance in digitalization, highlighted in the Digibarometri 2023 report, stands as a pivotal driver shaping the trajectory of the market. The nation's unwavering commitment to digital transformation and its adeptness in harnessing technology underscore a conducive environment for the proliferation and advancement of the market growth. Given the central role of the network infrastructure play in catering to the escalating digital needs of businesses, citizens, and the public sector, Finland's strides in digital innovation are paramount. The positive strides witnessed in Finland's digital landscape further bolster its allure as a prime destination for the market investments, bolstering the country's overall digital infrastructure and technological evolution.
The establishment of the network infrastructure centers nationwide in Finland, powered by renewable energy sources, heralds a promising era for the industry. Local companies, exemplified by REMOV, are spearheading initiatives to develop network infrastructure infused with sustainability principles. REMOV's launch of a 7.2MW data center, envisioned as a "carbon-negative ecosystem" fuelled entirely by renewable electricity, signifies a monumental leap in sustainable network infrastructure. With a steadfast commitment to exceptional energy efficiency and innovative measures to capture 90% of generated heat for district heating, such initiatives not only epitomize Finland's dedication to environmental stewardship but also pave the way for a greener and more sustainable future for the industry.
The data center industry grapples with formidable hurdles, chiefly stemming from the significant initial investment required and stringent environmental regulations. Erecting and maintaining network infrastructure entails substantial upfront financial commitments, erecting formidable barriers for smaller enterprises and start-ups endeavouring to penetrate the market. Moreover, ensuring ongoing compliance with environmental standards necessitates continual investment in energy-efficient technologies hinders the overall Finland data center market growth.
The integration of edge computing into Finland data center market trends presents a compelling avenue for expanding the industry's horizons. By mitigating latency and enabling real-time processing, edge computing empowers a myriad of applications such as the Internet of Things (IoT) and Augmented Reality (AR), relieving the burden on centralized cloud data centers while offering scalability and adaptability. This decentralized paradigm not only bolsters security by processing sensitive data locally but also harmonizes with evolving digital landscapes, paving the way for diverse opportunities for network infrastructure providers. Recent investments in startups such as Armada underscore the burgeoning interest in edge computing solutions, signalling a concerted effort to tackle connectivity challenges and bridge the digital divide.
The key market players operating in the Finland data center industry include Equinix, Zenlayer, MOD Mission Critical (MOD), Google, atNorth, Telia Company, Borealis Data Center, Hetzner, GleSYS, Verne Global and others.
Colocation
Hyperscale
Edge
Others
On-Premises
Cloud
Hybrid
Large Enterprise
Small and Medium Size Enterprise
BFSI
IT and Telecom
Government
Energy and Utilities
Other End Users
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 3.15 Billion |
Revenue Forecast in 2030 |
USD 9.32 Billion |
Growth Rate |
CAGR of 16.8% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Equinix
Zenlayer
MOD Mission Critical (MOD)
atNorth
Telia Company
Borealis Data Center
Hetzner
GleSYS
Verne Global