Hyperscale Data Center Industry in Germany is expected to reach ~USD 2 bn in 2027F owing to the growing AI adoptions and Internet of Things devices: Ken Research
GURUGRAM, India, Jan. 31, 2023 /PRNewswire/ -- Germany Hyperscale Data Center Market is highly consolidated with 4 players - Equinix, Vantage Data Center, CyrusOne and Iron Mountain. These are the major hyperscale data center companies contributing 45% of market share in Germany catering to IT, BFSI and Telecom industry.
Current Market Positioning: The number of people connecting to the internet is continuing to drive demand for data-center-based compute and connectivity. Companies choose to "rent" server space from a cloud provider, which is eventually kept in a data centre, rather than investing in real hardware.
Energy Efficiency: It is a key component that drives the hyperscale data center market, as all businesses strive to improve their total energy efficiency. Organizations seek data centers that use the least amount of energy while having the least impact on the environment. The drive to save money on power rises the demand for energy-efficient hyperscale data centers. In data centers, high-density blade servers, and storage systems provide higher computation capability per Watt of energy consumption.
Increasing Investments: The rising number of smart hospitals in Germany owing to rising investments in digital healthcare infrastructure in the country. Smart hospitals accelerate patient's journey and increase operational efficiency. Increasing investments in communication and technology is also boosting the market growth in Germany.
Internet of Things devices: The increase in the Internet of Things (IoT) devices in the various industries is speculated to propel the growth of the market during the forecast period. Growing AI adoptions also boosts the growth of Hyperscale Data Centers.
Analysts at Ken Research in their latest publication- "Germany Hyperscale Data Center Market Outlook to 2027- Driven by the growing adoption of remote work and surging demand of cloud computing solutions" by Ken Research provides a comprehensive analysis of the potential of the hyperscale data center market in Germany. Growing volume of big data and Low costs to enterprises are expected to contribute to the market growth over the forecast period. Germany Hyperscale Data Center Market is expected to grow at a robust CAGR over the forecasted period 2022P-2027F.
Key Segments Covered
Segmentation By End Users
Segmentation By Industry Users
Segmentation By Type of Solutions provided
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Germany Hyperscale Data Center Market
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SOURCE Ken Research