LONDON--(BUSINESS WIRE)--Technavio has been monitoring the data center market in Europe and it is poised to grow by USD 70.95 bn during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Growing Investments in hyperscale data centers by colocation providers is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 14.85% and the incremental growth of the market is anticipated to be $ 70.95 bn.
Who are the top players in the market?
Alphabet Inc., Amazon.com Inc., Apple Inc., Colt Technology Services Group Ltd., Digital Realty Trust Inc., Equinix Inc., Global Switch Holdings Ltd., GTT Communications Inc., International Business Machines Corp., and Microsoft Corp, are some of the major market participants.
What is the key market driver?
The increasing adoption of cloud-based storage services is one of the major factors driving the market.
How big is the Western Europe market?
The Western Europe region will contribute 82% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Amazon.com Inc., Apple Inc., Colt Technology Services Group Ltd., Digital Realty Trust Inc., Equinix Inc., Global Switch Holdings Ltd., GTT Communications Inc., International Business Machines Corp., and Microsoft Corp. are some of the major market participants. The increasing adoption of cloud-based storage services will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Data center market in Europe 2020-2024: Segmentation
Data center market in Europe is segmented as below:
- IT Infrastructure
- Power Management
- Cooling Solutions
- General Construction
- Western Europe
- Rest Of Europe
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Data center market in Europe 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The data center market in Europe report covers the following areas:
- Data center market in Europe Size
- Data center market in Europe Trends
- Data center market in Europe Industry Analysis
This study identifies growing investments in hyperscale data centers by colocation providers as one of the prime reasons driving the data center market growth in Europe during the next few years.
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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Data center market in Europe 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist data center market growth in Europe during the next five years
- Estimation of the data center market size in Europe and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the data center market in Europe
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of data center market vendors in Europe
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Component
- Market segments
- Comparison by Component placement
- IT infrastructure - Market size and forecast 2019-2024
- Power management - Market size and forecast 2019-2024
- Cooling solutions - Market size and forecast 2019-2024
- General construction - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Component
- Geographic segmentation
- Geographic comparison
- Western Europe - Market size and forecast 2019-2024
- Rest of Europe - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Colt Technology Services Group Ltd.
- Digital Realty Trust Inc.
- Equinix Inc.
- Global Switch Holdings Ltd.
- GTT Communications Inc.
- International Business Machines Corp.
- Microsoft Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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