Iceland Data Center Market Report 2023-2028: Reykjavik Leads Iceland's Data Center Hub, with Emerging Locations Across the Country, EU Membership Benefits Iceland's Regulatory Stability
DUBLIN, Feb. 6, 2024 /PRNewswire/ -- The "Iceland Data Center Market - Investment Analysis & Growth Opportunities 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The Iceland data center market is expected to reach a value of $543 million by 2028 from $266 million in 2022, growing at a CAGR of 12.63%
This report analyses the Iceland data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.
Reykjavik is the primary hub in the Iceland data center market, with most existing third-party data centers. Other cities such as Keflavik, Akureyri, and Blonduos are the emerging data center locations. Iceland has ambitious targets for its future energy, which aims to reduce the use of fossil fuels by 2050 and achieve carbon neutrality by 2040.
Iceland's membership in the European Free Trade Association (EFTA) and the European Economic Area (EEA) allows it to participate in the European Single Market, facilitating the free movement of capital, labor, goods, and services with the EU. Iceland also maintains regulatory stability by adopting EU legislation for matters related to the single market.
In the Iceland data center market, some key investors are atNorth, Borealis Data Centres, and Verne Global. In June 2023, atnorth announced the launch of their data center facility, ICE03, located in Akureyri in the north of Iceland. Due to the mergers & acquisitions, the operators are increasing their capacities. For instance, Ficolo, a data center firm and expert in hybrid cloud infrastructure based in Finland, merged with Verne Global to satisfy the data center demand in the country.
WH SHOULD YOU BUY THIS RESEARCH?
EXISTING VS. UPCOMING DATA CENTERS
Investment Opportunities in Iceland
Data Center Colocation Market in Iceland
IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
For more information about this report visit https://www.researchandmarkets.com/r/u3n738
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