Finland’s data center market

Dublin, Feb. 1, 2023 (GLOBE NEWSWIRE) — The “Finnish data center market – Investment analysis and growth opportunities 2022-2027” the report has been added ResearchAndMarkets.com by offering.

Finland’s data center market is expected to reach $1,255 million in 2027, up from $745 million in 2021, growing at a CAGR of 9.08% during 2022-2027.

This report analyzes the market share of data centers in Finland. It analyzes in detail existing and future facilities and investments in IT, electrical, mechanical infrastructure, general construction and level standards. It discusses the market size and investment estimates for various segments.

Finland is constantly innovating and expanding the artificial intelligence industry. AI/ML applications are being leveraged to transition from fossil fuels to renewable energy and provide intelligent decisions to harness energy from renewable sources. The country also has excellent submarine cable connections with about eight submarine cables and landing stations in places such as Hanko, Helsinki, Haradsholm and other places.

The share of renewable energy in Finland’s energy mix is ​​about 40 percent. The country has goals for carbon neutrality by 2035. Renewable energy projects are coming up in the country to harness electricity from clean energy sources. In addition, significant advances in 5G across the country will lead to higher data production.

Telecom company Elisa said that its 5G network is available to 80% of the population in 182 locations. There has been a huge shift towards digitization, which was greatly accelerated by the COVID-19 pandemic. The country’s public and private organizations have noticed the shift of workloads to the cloud. About 75% of Finnish companies use paid cloud services.

Key metrics

KEY HIGHLIGHTS

• Finland is one of the fastest growing data center markets in the Nordic countries. The growth is supported by, for example, the introduction or migration of cloud services, the growing IoT and Big Data solutions, the procurement of renewable energy, the introduction of artificial intelligence/ML workloads and others.

• The country is one of the ideal locations for the development of business premises in the Nordics, supported by a reliable electricity grid, low-latency high-speed data networks and political stability. Helsinki is the country’s most important data center center with the largest number of offices.

• Cloud service providers have significant opportunities to penetrate the Finnish data center market and open new cloud areas. Cloud giants such as Google and Microsoft are present and have planned to build data center areas in the country.

• Operators also introduce district heating concepts that help utilize the waste heat of nearby residential and commercial buildings. District heating connects 90% of the country’s buildings. Microsoft’s future data center area uses the district heating concept, where it cooperates with renewable energy producer Fortum.

• There is huge growth in the ICT sector in Finland. The country has given birth to several start-up companies that are constantly innovating and growing along with the Finnish ICT industry, attracting operators to invest.

Story continues

WHY BUY THIS STUDY?

• Available market size in terms of investment, area, power capacity and returns on the Finnish investment market.

• Investment and business operators’ assessment of investment in Finland.

• Investments in area (square feet) and power capacity (MW) across the country.

• A detailed study of the current market landscape, in-depth industry analysis and insightful forecasts of the size of the data center market in Finland during the forecast period.

• A snapshot of existing and future third-party data centers in Finland

• Covered premises (current): 20

• Identified facilities (coming soon): 1

• Coverage: 2+ seats

• Existing vs. Future (Area)

• Current vs. Future (IT Load)

• The co-investment market for server centers in Finland

• Market Revenue and Forecast (2021-2027)

• Wholesale and retail revenue and forecast (2021-2027)

• Retail brokerage pricing

• Wholesale Colocation pricing

• Finland’s market landscape investments are classified into IT, electricity, cooling and general construction services with dimensions and forecasts.

• A comprehensive analysis of the latest trends, growth rates, potential opportunities, growth constraints and industry outlook.

• Business overview and product offerings of major IT infrastructure providers, construction contractors, support infrastructure providers and investors operating in the industry.

• Transparent research methodology and analysis of market demand and supply aspects.

SELLER’S LANDSCAPE

• Key investors in the Finnish data center market are Equinix, Hetzner Online GmBh, Google and Ficolo.

• The Finnish data center market will strongly witness new field construction. Hyperscale providers make significant investments, making them one of the most important sources of revenue in the subcontractor and general contractor market.

• The sector has seen investment from some new entrants such as Microsoft, a major cloud service provider that plans to build facilities.

• The country’s construction contractors are present both globally and locally, supplying major players to the market – for example, Fluor Corporation, Ramboll and Kirby Engineering Group.

• Data center investors are looking forward to entering the Finnish market due to, among other things, the Digital Economy and Society Index (DESI). Finland is number one among the leading EU countries.

Main sellers

IT infrastructure providers

Server center construction contractors and subcontractors

• AFRY

• Fluor Corporation

• Granlund Group

• Kirby Engineering Group

• Parviainen Architects

• RED

• Ramboll

• Royal Haskoning

Support infrastructure providers

Server center investors

New participants

EXISTING VS. FUTURE INFORMATION CENTERS

REPORTAGE:

Segmentation includes:

IT infrastructure

Network infrastructure

Electronic infrastructure

Mechanical infrastructure

Cooling systems

• CRAC & CRAH units

• Cooling units

• Cooling towers, condensers and dry coolers

• Economizers and evaporative coolers

• Other cooling units

General building

• Core & Shell development

• Installation and commissioning services

• Design and construction planning

• Fire detection and extinguishing systems

Physical security

Level standard

• Level I and Level II

• Level III

• Level IV

For more information on this report, visit https://www.researchandmarkets.com/r/8uweyg-data?w=12

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market information. We provide you with the latest information on international and regional markets, key industries, top companies, new products and the latest trends.

Annex

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900