Europe Hyperscale Data Center Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 151 | Report Code: BMIRE00031961 | Category: Technology, Media and Telecommunications
No. of Pages: 151 | Report Code: BMIRE00031961 | Category: Technology, Media and Telecommunications
The Europe hyperscale data center market was valued at US$ 23,525.85 million in 2023 and is expected to reach US$ 1,08,293.78 million by 2031; it is estimated to register a CAGR of 21.0% from 2023 to 2031.
The rising penetration of connected devices and easy access to the Internet, coupled with the decreasing cost of Internet services, have resulted in an upsurge in the demand for data storage worldwide. Companies are digitizing their operation to capture more data from customer interactions, supply chains, equipment, and internal processes. Cloud-based companies are, therefore, deploying more IT space in their data centers. Moreover, advanced analytic software such as Python, machine learning, and R programming are leveraging a large amount of data to support critical business decision-making. Several industries are exploring cloud offerings and discovering the benefits of data center services to support their needs related to the cloud. These developments are directly affecting the increase in the Internet of Things (IoT) and data needs of companies, resulting in the increasing demand for hyperscale data centers. Thus, the enormous growth in data traffic is propelling the demand for hyperscale data centers.
Sweden, Spain, Netherlands, Poland, and Finland majorly contribute to the hyperscale data center market in the Rest of Europe. Rising government initiatives are expected to increase digitization across various sectors in these countries during the forecast period. Spain is witnessing a significant expansion in the digital banking market, which has ~28 companies, including digital outlets opened by incumbent banks, domestic pure-players, and worldwide digital banking leaders. These players have amassed a user base of over 15 million by providing intuitive and user-friendly app experiences, streamlined services, and continual innovation in in-app functionality. Furthermore, several other European countries are witnessing significant growth in their retail sector. According to the Gemius' e-commerce in 2022 report, 77% of Polish Internet users buy products online. Also, as per the ITA, Poland registered 53,000 e-commerce stores in 2021, which increased to ~55,000 in 2022. In addition, in the first half of 2022, 19,600 businesses registered e-commerce as additional activity to their core business. Thus, the growing digitization in the banking sector and the burgeoning online retail industry are expected to increase the demand for hyperscale data centers for real-time data access and data storage.
The Europe hyperscale data center market is categorized into solutions, end user, industry vertical, and country.
Based on solutions, the Europe hyperscale data center market is segmented into storage, networking, server, security, and others. The storage segment held the largest market share in 2023.
In terms of end user, the Europe hyperscale data center market is segmented into colocation providers, enterprises, and cloud providers. The colocation providers segment held the largest market share in 2023.
By industry vertical, the Europe hyperscale data center market is segmented into BFSI, telecom and IT, government and public, media and entertainment, and others. The BFSI segment held the largest market share in 2023.
By country, the Europe hyperscale data center market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe hyperscale data center market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 23,525.85 Million |
| Market Size by 2031 | US$ 1,08,293.78 Million |
| Global CAGR (2023 - 2031) | 21.0% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Solutions
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
ABB Ltd; Dell Technologies Inc; EdgeConnex Inc.; Cisco Systems Inc; International Business Machines Corp; Fujitsu Ltd; Hewlett Packard Enterprise Development LP; Intel Corp; Juniper Networks Inc; and Schneider Electric SE are some of the leading companies operating in the hyperscale data center market.
The Europe Hyperscale Data Center Market is valued at US$ 23,525.85 Million in 2023, it is projected to reach US$ 1,08,293.78 Million by 2031.
As per our report Europe Hyperscale Data Center Market, the market size is valued at US$ 23,525.85 Million in 2023, projecting it to reach US$ 1,08,293.78 Million by 2031. This translates to a CAGR of approximately 21.0% during the forecast period.
The Europe Hyperscale Data Center Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Hyperscale Data Center Market report:
The Europe Hyperscale Data Center Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Hyperscale Data Center Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Hyperscale Data Center Market value chain can benefit from the information contained in a comprehensive market report.
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