The Europe Data Center Colocation Market to Create Investment Opportunities of More than $9.9 Billion by 2028 - Arizton
CHICAGO, Oct. 5, 2023 /PRNewswire/ -- According to Arizton's latest research report, the Europe data center colocation market is growing at a CAGR of 6.35% during 2022-2028.
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Europe Data Center Colocation Market Report Scope
The Europe data center colocation market has emerged as a significant industry, attracting global and local data center operators. The implementation of the Global Data Protection Regulation (GDPR) in 2018 has had a positive impact, driving customers to adopt cloud-based services for data localization and leading to increased data center projects. Notably, investments in data center construction have surged in key European markets such as Frankfurt, London, Amsterdam, Paris (FLAP), and Ireland. These markets have been the primary destinations for IT infrastructure procurement. Additionally, the Nordics have experienced significant growth in cloud-based services, big data analytics, and IoT services, stimulating local demand for colocation services. Public and hybrid cloud environments are witnessing robust growth in cloud adoption.
The Europe data center colocation market is currently undergoing substantial growth, primarily propelled by the expanding utilization of IoT, cloud computing, and AI/ML technologies. Various European governments have initiated digitalization programs to promote economic development, instilling confidence in data center operators regarding their regional operations. For instance, the UK government has implemented a cloud strategy to advance the country's adoption of cloud services. This strategic move has created an advantageous environment for the uptake of cloud services, especially among small and medium-sized enterprises (SMEs) in Europe, as businesses increasingly acknowledge the advantages of embracing digital transformation.
As organizations within the region continue their transition to cloud-based solutions, there has been a significant upswing in demand for colocation data centers. Consequently, this surge in demand has attracted investments from local and global data center providers. In Western Europe, data centers are being constructed to accommodate Open Compute Project (OCP) rack infrastructure solutions. This development has been facilitated by the growth of original design manufacturer (ODM) solutions within the market. Such infrastructure enhancements are driven by the escalating internet penetration rates and the increasing demand for smart connected devices, which in turn are fueling the need for robust colocation data centers and supporting infrastructure.
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Colocation Services in the European Data Center Market
The retail colocation model empowers enterprises to maintain more control over their IT infrastructure while benefiting from the operational efficiencies and industry-leading infrastructure of colocation data center providers. This approach allows businesses to focus on their core competencies while leveraging the expertise and resources of colocation service providers for optimal performance, security, and scalability of their IT operations.
In addition to the technical benefits, retail colocation services provide enterprises with proximity to robust networking ecosystems and interconnection opportunities. These data center facilities often house a diverse range of network carriers, internet service providers, and cloud service providers, enabling seamless connectivity and enabling businesses to create a hybrid IT environment by integrating their collocated infrastructure with cloud-based services.
What's Included in the Report:
Prominent Colocation Investors
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