European data center colocation market revenue to reach $25 billion by 2026, according to Graphical Research


PRIVATE LIMITED GRAPHIC ANALYSIS

Key players in Europe data center colocation market include Zayo Group Holdings Inc., China Telecom Corporation Limited, CyrusOne Inc., Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc. and NTT Communications Corporation.

Pune, India, May 03, 2022 (GLOBE NEWSWIRE) —

According to a recent industry report presented by Graphical Research, the European data center colocation market is expected to register its name in the billion-dollar fraternity within seven years, surpassing $25 billion in revenue by 2026.

European data center colocation market trends provide an optimistic outlook, driven by the growing adoption of on-demand Internet services. Increased internet usage fueled by work-from-home trends will drive the deployment of data center servers in the region. According to reports, 80% of adults in the European Union (EU) accessed the internet daily in 2020.

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Due to the growing demand for internet services and assistance in moving and storing huge amounts of data at fast speeds, data centers have become an indispensable need of the times.

Many people have turned to the world of digital technologies for business and personal purposes, such as internet banking and video on demand, many other services. This has created a strong market for data center servers with enormous information processing and storage capacity along with robust memory power. China Telecom Corporation Limited, Zayo Group Holdings Inc., CyrusOne Inc., Digital Realty Trust Inc., Cyxtera Technologies Inc., NTT Communications Corporation and Equinix Inc. are some of the prominent data center colocation companies in Europe.

The three factors influencing industry trends are illustrated below:

IT and telecommunications industry drives growth

While data colocation services are used to secure storage, servers, and different network devices and help businesses rent critical IT infrastructure at reasonable costs, the growing volume of data is pushing their demand. A strong computer and telecommunications network will fuel the expansion of the data center colocation market outlook over the next five years.

Large carrier-neutral data centers in Italy include state-of-the-art technologies and a diverse ecosystem, ensuring optimal connection and availability to approximately 175 service providers. Likewise, due to its geographical proximity to Mediterranean Europe, Africa and Northern Europe, the Iberian Peninsula has become a critical node on the map of global connections. As the proportion of enterprises adopting colocation services for power, space and cooling demands increases, the market share of data center servers in Europe will increase thanks to applications in the IT and telecommunications sector. .

Role in automobile manufacturing

Today’s large manufacturing facilities that deploy advanced artificial intelligence (AI) technologies accumulate massive amounts of data. The presence of well-known car manufacturers across Europe, such as BMW, Mercedes-Benz and Audi AG adopting these high-tech solutions for process automation. The need for automotive data storage will fuel the need for high quality wholesale colocation services. The introduction of Industry 4.0 and digitalization will also lead to an increase in data traffic, which will drive the demand for efficient data center colocation services. Thanks to the technological prowess of the German automotive industry, the automotive manufacturing sector in the European data center colocation market is expected to register significant gains through 2026.

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Growing adoption in SMEs

Wholesale colocation services are expensive because small businesses do not need a separate data center due to their limited data storage demands. This is where retail colocation comes into play. It provides them with the necessary data center resources in a short period of time, resulting in a cost-effective data management solution. Colocation service providers in the European market provide organizations with essential data storage services while ensuring scalability and security. To cite one example, Equinix Inc., a data center colocation provider, operates 62 data centers across Europe and the Middle East.

Social distancing norms induced by COVID-19 have transformed the spheres of education and work. With the increase in work-from-home and e-learning needs, a huge amount of data is being used. Universities are using modern technology to enable seamless distance learning as they are forced to exert tremendous effort to stop the spread of the virus while ensuring academic progress. For example, the German company Röntgen (DRG) will expand its interactive digital learning platform in May 2020 to help radiography students and teachers access course information and modules throughout the pandemic.

Browse related report:

North America Data Center Colocation Market Size by Type (Retail Colocation, Wholesale Colocation), By End Use (SMB, Large Enterprise), By Application (BFSI, Energy, Government & Defense, Healthcare, Manufacturing, IT & Telecom, Retail retail), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share and Forecast, 2020-2026

https://www.graphicalresearch.com/industry-insights/1523/north-america-data-center-colocation-market

Asia Pacific Data Center Colocation Market Size by Type (Retail Colocation, Wholesale Colocation), By End Use (SMB, Large Enterprise), By Application (BFSI, Energy, Government & Defense, Healthcare, Manufacturing, IT & Telecom, Retail retail), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share and Forecast, 2020-2026

https://www.graphicalresearch.com/industry-insights/1497/asia-pacific-data-center-colocation-market

About Graph Search:

Graphical Research is a business research company that provides industry insights, market forecasts, and strategic inputs through granular research reports and consulting services. We publish targeted research reports with the aim of meeting the varied needs of clients, from market penetration and entry strategies to portfolio management and strategic insights. We understand that business requirements are unique: our union reports are designed to ensure relevance for industry players across the value chain. We also provide custom reports tailored to the exact needs of the client, with dedicated analyst support throughout the purchase lifecycle.

CONTACT: Contact Us: Parikhit B. Corporate sales, Graphical Research Phone: 1-800-986-6917 Email: [email protected] Web: https://www.graphicalresearch.com
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