At 13.0% CAGR, the Europe Micro Data Center Market is projected to be worth US$ 2,654.64 million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe micro data center market was valued at US$ 999.58 in 2022 and is expected to reach US$ 2,654.64 million by 2030, registering a CAGR of 13.0% from 2022 to 2030. Increasing proliferation of cloud-based services is among the critical factors attributed to the Europe micro data center market expansion.

Cloud computing provides a cost-effective way to handle the data, enabling organizations to store and process it in a centralized location without investing in expensive hardware and infrastructure. Due to the growth of cloud computing services, various organizations are shifting their IT infrastructure to the cloud, as they often require facilities to leverage additional space, power, and cooling for servers, storage, and networking equipment. This is contributing to the adoption of data services. The integration of cloud technologies into interconnected devices and systems has increased their usage, resulting in a growing need for high-speed, low-latency network connectivity. The data center providers offer a secure hardware environment to store and access data, which is essential to support IoT and cloud-based applications. It also helps save overall costs over establishing their own data center.

Additionally, with the growing adoption of cloud-based technologies, key players operating in the Europe micro data center market are establishing new units for business deliveries to enhance customer's accessibility to the cloud and digital infrastructure. The launch of new data centers in the European country is attracting more customers to leverage the services of advanced technologies such as cloud-based services. Thus, the rising proliferation of cloud-based services is driving the growth of the Europe micro data center market.

On the contrary, lack of awareness about benefits of micro data centers hampers the growth Europe micro data center market.

Based on rack type, the Europe micro data center market is bifurcated into single rack and multi rack. The single rack segment held 60.1% share of the Europe micro data center market in 2022, amassing US$ 600.55 million. It is projected to garner US$ 1,649.08 million by 2030 to expand at 13.5% CAGR during 2022-2030.

Based on organization size, the Europe micro data center market is bifurcated into large enterprises and SMEs. The large enterprises segment held 66.3% share of the Europe micro data center market in 2022, amassing US$ 663.21 million. It is projected to garner US$ 1,688.03 million by 2030 to expand at 12.4% CAGR during 2022-2030.

Based on end user, the Europe micro data center market is segmented into BFSI, retail, IT and telecom, manufacturing, healthcare, and others. The IT and telecom segment held 40.3% share of Europe micro data center market in 2022, amassing US$ 403.38 million. It is projected to garner US$ 1,149.82 million by 2030 to expand at 14.0% CAGR during 2022-2030.

Based on country, the Europe micro data center market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The UK held 26.8% share of Europe micro data center market in 2022, amassing US$ 267.59 million. It is projected to garner US$ 774.4 million by 2030 to expand at 14.2% CAGR during 2022-2030.

Key players operating in the Europe micro data center market are Hitachi Ltd, Rittal GmbH & Co KG, Legrand SA, Schneider Electric SE, Vertiv Group Corp, Eaton Corp Plc, Hewlett Packard Enterprise Development LP, Delta Electronics Inc, and Huawei Technologies Co Ltd, among others.

• In Oct 2021, Schneider Electric, the leader in the digital transformation of energy management and automation, announced it had expanded its Micro Data Center solutions portfolio with the introduction of the Easy Micro Data Center Series for standard IT and commercial environments.

• In Mar 2020, Hewlett Packard Enterprise (HPE) announced the availability of HPE Container Platform. The HPE Container Platform is the industry's first enterprise-grade container platform designed to support both cloud-native and non-cloud-native applications using 100 percent open-source Kubernetes - running on bare-metal or virtual machines (VMs), in the data center, on any public cloud, or at the Edge. In addition, HPE is introducing new professional services to ensure faster time-to-value and several new reference configurations for data-intensive application workloads such as AI, machine learning, deep learning (DL), data analytics, edge computing, and the Internet of Things (IoT). Contact Us
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