Cloud data center acquired the largest market revenue share in the Finland Data Center market – 6Wresearch
Finland data center market had witnessed a significant growth in the period of 2017-2020 on account of the Finnish government initiatives with allocation of €400 million in 2018 to support digital projects with an aim of developing an advanced e-government infrastructure, e-learning, digital banking and others, along with the investment and innovation in ICT sector. Social distancing norms implemented in the country due to Covid-19 pandemic acted as a catalyst in the growth of tele healthcare, e-learning, e-commerce, remote working and e-governance platforms. Adoption of 5G technology in the nation provided the bandwidth needed for the seamless operation of these platforms which propelled the market of data centers in the country.
According to 6Wresearch, Finland Data Center Market size is projected to grow at CAGR of 30.1% during 2021-2027. Finland data center market is expected to register spurring growth in future owing to the increasing adoption of emerging technologies such as artificial intelligence, machine learning, blockchain, IoT and others, which is expected to generate large volume of data thereby increasing the demand for data center in the future.
According to Eshita Goel, Assistant Manager, 6Wresearch, “By types, Colocation and cloud segment are anticipated to witness highest growth among all the types owing to country’s digital transformation and growing usage of cloud and colocation segment in the SMEs. Further, due to rising corporates and banking sector, the data traffic would also grow with a fast rate which would augment the demand for Finland data centers. In the forthcoming years, the same trend is expected to continue due to increasing investment in the data center facilities by several multinational corporations and local firms in Finland.”
According to Srajan Yadav, Research Associate, 6Wresearch, “By region, Southern region garnered the largest revenues in 2020 in Finland data center market as Helsinki offers good fiber connectivity, proximity to customers, availability of skilled workforce, and the presence of large IT, BFSI and government sectors. The fast and cyber-secure submarine cable connection has been established in between Helsinki and countries in Central and Eastern Europe. Already, 80% of internet traffic between Western Europe and Russia passes through Finland. Better infrastructure & connectivity coupled with proximity to the tech hubs would drive the market for data center in the region in the coming years.”
“Finland Data Center market (2021-2027)” report provides an in-depth analysis with 19 figures and 04 tables, covered in 74 pages. The report estimates and forecast the overall Finland Data Center market by types, verticals, and region. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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