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The Swedish Data Center Market is set to grow significantly, valued at USD 2 billion in 2024 and projected to reach USD 3.80 billion by 2030, with a CAGR of 11.29%. The market is witnessing a shift from on-premise to cloud and colocation data centers due to increased digital transformation. Key players such as Equinix, Digital Realty, and Amazon Web Services are driving growth in Stockholm, a central hub. High demand is further supported by government incentives, low climate impact cooling, and major city land cost increases.
Swedish Data Center Market
Swedish Data Center Market
Dublin, July 07, 2025 (GLOBE NEWSWIRE) — The “Sweden Data Center Market – Investment Analysis & Growth Opportunities 2025-2030” report has been added to ResearchAndMarkets.com’s offering.
The Swedish Data Center Market was valued at USD 2 Billion in 2024, and is projected to reach USD 3.80 Billion by 2030, rising at a CAGR of 11.29%.
SWEDEN DATA CENTER MARKET VENDOR LANDSCAPE
The Swedish data center market is predominantly led by local and global operators such as atNorth, Amazon Web Services, Bahnhof, Conapto, Digital Realty, EcoDataCenter, Ember, Equinix, Glesys, Google, Meta, Microsoft, Multigrid, Northern Data Group, and STACK Infrastructure. These companies have strengthened their operations to support the increasing demand driven by digital transformation initiatives across the country. In addition, new entrants including Evroc, Hive Digital Technologies, STORESPEED, and T.Loop are making significant investments in the market.
The major global cloud service providers in the Swedish data center market, Facebook (Meta), Amazon Web Services (AWS), Oracle, and Microsoft, are helping close the IT skills gap, providing access to skilled labor and innovation. The natural climatic advantage of the country is being used by all these companies to promote data center operations. The cold climate offers the opportunity for data center operators to enact free cooling and heat reuse initiatives. In addition, Google is actively increasing its market presence; the company is planning three availability zones in Stockholm.
The reliance on digital infrastructure is growing, attracting U.S. cloud service providers. The government is actively supporting this digital growth by implementing measures, such as tax incentives and simplified permit processes for data centers, creating a favorable environment for the booming digital economy. Government initiatives including the establishment of free zones with incentives including tax benefits enhance the attractiveness of investments in the Sweden data center market.
In March 2025, Google launched its new cloud region outside Stockholm, named Europe-north2, marking its 42nd global and 13th European region. The launch reflects a major investment in Sweden’s digital infrastructure, with key customers including IKEA, Nordnet, and Tradera. The company has also committed to sustainability in the region through long-term wind energy agreements totaling over 700MW.
Telecom operators such as Telia and Ericsson are the major telecom operators that have launched commercial 5G services across the country.
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