LONDON–(BUSINESS WIRE)–Oct 5, 2020–
Technavio has been monitoring the data center market in Europe and it is poised to grow by USD 70.95 bn during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Data Center Market in Europe 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Amazon.com Inc., Apple Inc., Colt Technology Services Group Ltd., Digital Realty Trust Inc., Equinix Inc., Global Switch Holdings Ltd., GTT Communications Inc., International Business Machines Corp., and Microsoft Corp are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increasing adoption of cloud-based storage services has been instrumental in driving the growth of the market.
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Data Center Market in Europe 2020-2024: Segmentation
Data Center Market in Europe is segmented as below:
- Component
- IT Infrastructure
- Power Management
- Cooling Solutions
- General Construction
- Others
- Geographic Landscape
- Western Europe
- Rest Of Europe
Data Center Market in Europe 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The data center market in Europe report covers the following areas:
- Data Center Market in Europe Size
- Data Center Market in Europe Trends
- Data Center Market in Europe Industry Analysis
This study identifies growing investments in hyperscale data centers by colocation providers as one of the prime reasons driving the data center market growth in Europe during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Data Center Market in Europe 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist data center market growth in Europe during the next five years
- Estimation of the data center market size in Europe and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the data center market in Europe
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of data center market vendors in Europe
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Component
- Market segments
- Comparison by Component placement
- IT infrastructure – Market size and forecast 2019-2024
- Power management – Market size and forecast 2019-2024
- Cooling solutions – Market size and forecast 2019-2024
- General construction – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Component
- Geographic segmentation
- Geographic comparison
- Western Europe – Market size and forecast 2019-2024
- Rest of Europe – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
- Overview
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Colt Technology Services Group Ltd.
- Digital Realty Trust Inc.
- Equinix Inc.
- Global Switch Holdings Ltd.
- GTT Communications Inc.
- International Business Machines Corp.
- Microsoft Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 10/05/2020 12:00 AM/DISC: 10/05/2020 12:00 AM
Copyright Business Wire 2020.
