Key Market Indicators
The revenue from data centers in Iceland is projected to surge to approximately €267 million by 2028, up from around €220 million in 2023. This indicates an average annual growth rate of 2.8%. Since 2019, the Icelandic market has experienced a steady annual growth rate of 7.2%. However, in the year 2023, Iceland ranked 24th globally in this sector. During the same year, Bulgaria surpassed Iceland, matching its revenue at roughly €220 million. In the broader European context, Sweden, Germany, and the United Kingdom secured the second, third, and fourth positions respectively in terms of data center revenue.
