Insights on the Data Center Market In Europe 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast - Technavio
The data center market in Europe is expected to grow by USD 70.95 bn, progressing at a CAGR of over 15% during the forecast period.
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Technavio has announced its latest market research report titled Data Center Market in Europe 2020-2024 (Graphic: Business Wire)
The increasing adoption of cloud-based storage services is one of the major factors propelling market growth.
Data Center Market In Europe: Component Landscape
Based on the component, the IT infrastructure segment is expected to witness lucrative growth during the forecast period.
Data Center Market In Europe: Geographic Landscape
By geography, Western Europe is going to have a lucrative growth during the forecast period. About 82% of the market's overall growth is expected to originate from Western Europe. The Netherlands, the UK, Ireland, and Germany are the key markets for data centers in Western Europe
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by Component
Drivers, Challenges, and Trends
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