IT and Telecom Segment to Dominate Europe Data Center Colocation Market during 2021–2028

 According to a new market research study on “Europe Data Center Colocation Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Enterprise Size, and Industry” is expected to reach US$ 33,615.39 million by 2028 from US$ 11,407.07 million in 2021. The market is estimated to grow at a CAGR of 16.7% from 2021 to 2028. The report provides trends prevailing in the Europe data center colocation market along with the drivers and restraints pertaining to the market growth. Soaring adoption of high-performance compute (HPC) is the major factor driving the growth of the Europe data center colocation market. However, issues associated with the high initial and maintenance costs hinder the growth of Europe data center colocation market.

The Europe data center colocation market is segmented into type, enterprise size, industry, and country. Based on type, the market is segmented into retail and wholesale. The retail segment dominated the market in 2020 and wholesale segment is expected to be the fastest growing during the forecast period. Based on enterprise size, the data center colocation market is divided into SMEs and large enterprises. The large enterprises segment dominated the market in 2020 and SMEs segment is expected to be the fastest growing during the forecast period. Further, based on industry, the market is segmented into IT & Telecom, BFSI, healthcare, retail, and others. The IT & Telecom segment dominated the market in 2020 and BFSI segment is expected to be the fastest growing during the forecast period. Based on country, the data center colocation market is classified into Germany, France, Italy, UK, Russia, and Rest of Europe.

The impact of COVID-19 differed from country to country across Europe. Each country witnessed an increase in recorded cases and subsequently attracted strict and longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. The European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. Due to the sudden outbreak and subsequent lockdowns across Europe, the data center industry witnessed significant changes over the past year. COVID-19 surged the demand for cloud services as consumers spent most of the year working, learning, and entertaining from home like never before. In addition, companies from various industries came with more data space requirements to deploy their operations digitally on virtual space during the pandemic. The sudden spike in the demand for high storage capacity servers and data centers has disrupted the supply chain for Q1 and Q2 of 2020; however, in Q3 of the same year, the market recovered from this problem. Thus, owing to the aforementioned factors the data center colocation market is expected to proliferate during the forecast period.

 AT&T Intellectual Property; CyrusOne, Inc.; Cyxtera Technologies, Inc. ; Digital Realty Trust LP ; Equinix Inc.; Global Switch; NTT Communications Corporation ; Telehouse ; and Verizon Partner Solutions are among the leading companies in the Europe data center colocation market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, CyrusOne, Inc. unveiled net positive water data center at its Arizona facility which significantly reduced on site water usage by millions of gallons per year.

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