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Iceland has around 7 operational colocation data centers as of December 2024. The number of colocation data centers is expected to grow over time, as both existing and new companies have planned investments in the country.
In 2024, the average occupancy of data center facilities in Iceland was over 95.5%, representing a strong absorption rate. By 2030, the vacancy rate is likely to be less than 3%, owing to a rise in strong demand for data storage facilities.
WHAT'S INCLUDED?
- A transparent research methodology and insights on the colocation demand and supply aspect of the market.
- Market size available in terms of utilized white floor area, IT power capacity and racks.
- Market size available in terms of Core & Shell Vs Installed Vs Utilized IT Power Capacity, along with the occupancy %.
- An assessment and snapshot of the colocation investment in Iceland.
- The study of the existing Iceland data center market landscape, and insightful predictions about Iceland data center market size during the forecast period.
- An analysis on the current and future colocation demand in Iceland by several industries.
- Impact of AI on the Data Center Industry in Iceland.
- The study on sustainability status in Iceland.
- Analysis on current and future cloud operations in Iceland.
- The snapshot of upcoming submarine cables and existing cloud-on-ramps services in Iceland.
- Snapshot of existing and upcoming third-party data center facilities in Iceland
- Facilities Covered (Existing): 7
- Facilities Identified (Upcoming): 1
- Coverage: 5 locations
- Existing vs. Upcoming (White Floor Area)
- Existing vs. Upcoming (IT Load Capacity)
- Data center colocation market in Iceland
- Colocation Market Revenue & Forecast (2024-2030)
- Retail Colocation Revenue (2024-2030)
- Wholesale Colocation Revenue (2024-2030)
- Retail Colocation Pricing along with Addons
- Wholesale Colocation Pricing along with the pricing trends.
- An analysis on the latest trends, potential opportunities, growth restraints, and prospects for the colocation data center industry in Iceland.
- Competitive landscape including market share analysis by the colocation operators based on IT power capacity and revenue.
- Vendor landscape of each existing and upcoming colocation operators based on existing/ upcoming count of data centers, white floor area, IT power capacity and data center location.
TARGET AUDIENCE
- Data center Real Estate Investment Trusts (REIT)
- Data center Construction Contractors
- Data center Infrastructure Providers
- New Entrants
- Consultants/Consultancies/Advisory Firms
- Corporate and Governments Agencies
THE REPORT INCLUDES:
- Colocation Supply (MW, Area, Rack Capacity)
- Colocation Demand (MW, Area, Rack Capacity) and by End-User (Cloud/IT, BFSI, etc..)
- Colocation Revenue (Retail & Wholesale Colocation Services)
- Competitive Scenario (Share Analysis by Revenue & MW Capacity)
VENDOR LANDSCAPE
Existing Colocation Operators
- atNorth
- Verne
- Borealis Data Center
New Operators
- GIGA-42 (Global InterConnection Group & SCALE-42)
KEY QUESTIONS ANSWERED
1. What is the count of existing and upcoming colocation data center facilities in Iceland?2. How much MW of IT power capacity is likely to be utilized in the Iceland by 2030?
3. What factors are driving the Iceland data center colocation market?
Table of Contents
Companies Mentioned
- atNorth
- Verne
- Borealis Data Center
- GIGA-42 (Global InterConnection Group & SCALE-42)
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 47 |
| Published | November 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 170 Million |
| Forecasted Market Value ( USD | $ 375 Million |
| Compound Annual Growth Rate | 14.0% |
| Regions Covered | Iceland |
| No. of Companies Mentioned | 4 |
