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Europe Data Center Colocation Market Size to Grasp $25bn by 2026
Published Date: 2020-11-03
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According to the Graphical Research new growth forecast report titled Europe Data Center Colocation Market share is set to exceed USD 25 billion by 2026. The Europe data center colocation market will experience strong growth with the rise in the adoption of on-demand digital services resulting in increased data traffic. As of 2019, according to Ofcom’s Annual Media Nation’s report, half of the UK households have their TV connected to the internet, which they use to watch videos online. According to CNMC National Commission of Markets and Competition, around 6.3 million homes in Spain subscribed to a streaming service in 2019. The sharp rise in the amount of digital content consumed will drive the colocation market growth for efficient data management.
The ongoing coronavirus (COVID-19) pandemic will fuel the data center colocation industry, due to growing adoption of digital technologies for education and remote working. As universities are compelled to take thorough measures to slow the contagion and better understand the virus, they are incorporating advanced technologies to ensure seamless remote education. In May 2020, The German Röntgen Society (DRG) expanded interactive digital learning platform to help radiology students and lecturers access course content and modules during the pandemic.
The presence of renowned automotive manufacturers, such as BMW, Mercedes Benz, and Audi AG, adopting technologically advanced solutions for process automation will surge the demand for high-quality wholesale colocation services. As these manufacturers operate large manufacturing facilities, the implementation of technologies, such as AI and robotics, will result in the accumulation of a large amount of data. This stresses the demand for robust data center solutions for precise data storage. The incorporation of advanced manufacturing techniques coupled with the advent of digitalization will increase the adoption of wholesale colocation services.
The advent of digitalization across the BFSI sector will boost the data center colocation industry growth. In 2018, only 13% of Swedes were reported using cash for transactions. In August 2018, the Swedish government also announced plans to become a cashless nation by 2023. In several European markets including the Netherlands, Croatia, Russia, Poland, Greece, and Denmark, contactless in-store transactions are above 50%. Biometric contactless cards have gained traction in Europe over the recent years.
Major players operating in the Europe data center colocation market include Zayo Group Holdings Inc., Cyxtera Technologies Inc., Digital Realty Trust Inc., China Telecom Corporation Limited, CyrusOne Inc., Equinix Inc. and NTT Communications Corporation. The players launching new data centers, which will support the colocation industry growth. For instance, in April 2019, Cyxtera Technologies launched a new data center in Frankfurt and expanded its presence in London to cater to the growing demand for secure colocation and infrastructure solutions. With the launch, the company aims to expand its industry presence in Europe.
The Europe data center colocation market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026 for the following segments:
Market Share, By Type
- Retail colocation
- Wholesale colocation
Market Size, By End-Use
- Large enterprises
Market Trends, By Application
- Government & Defense
- IT & Telecom
The above information has been provided for the following regions and countries: