Europe Data Center Construction Market Size 2023, Industry Share, Revenue, Trends, Growth Drivers, Key Players, Challenge, Business Opportunities and Forecast till 2033: SPER Market Research

A data center, whether physical or virtual, serves as a crucial facility for storing vital applications and data, designed around a network of computing and storage resources. It offers a secure and reliable environment with redundant systems for mechanical, cooling, and electrical power, along with network connections. Data center construction involves designing, planning, and building the facility, with key components including routers, switches, firewalls, storage systems, servers, and application-delivery controllers. With escalating data consumption and technological advancements driving product innovations, many companies are expanding their market presence, leading to growth in the data center construction sector.

According to SPER market research, ‘Europe Data Center Construction Market Size- By Infrastructure Type, By Offering, By Tier Standards, By Data Center Type, By Type, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Data Center Construction Market is predicted to reach USD 34.22 billion by 2033 with a CAGR 7.86%.

Driving factors:

• Quick expansion of cloud- and AI/ML-based services: Cloud computing and AI/ML-based services are growing quickly, which has helped the market. Due to the fact that it has enabled data centre service providers and businesses to implement various models with the aid of cloud computing and artificial intelligence, bringing about a significant increase in market share, and drive an increasing number of business solutions and efficiency in business.

• Demand for storing unstructured data is rising: These days, unstructured data serves as the raw material for many digital behemoths like Facebook, Google, and Instagram. When structured, this specific type of data can improve user experience and allow the giants to sell goods and services through their platforms and collect advertising fees from various service providers. Large amounts of data are stored in data centres, which are driving market expansion.

Challenges:

• Lack of knowledge and experience in building data centres: The primary constraints impeding the market’s growth are the high initial and ongoing costs of data centres as well as their large carbon footprint. The Europe market for data centre building is further hindered by a lack of trained labour and knowledge for the very complex nature of data centre construction. Therefore, the market expansion for satellite launch services is being impeded by the aforementioned factors.

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COVID Impact: The market for data centre construction in Europe has benefited from the COVID-19 pandemic. Since the lockdowns had no effect on data generation, businesses and institutions continued to work with this data to improve their goods. The need for extra data centres was evident at that time as well, but the building of those centres was hampered, delaying their completion until after the pandemic. It cannot be disputed that the market for building data centres has expanded favourably both during and after Covid-19.

The increased need for data storage facilities is likely to propel Germany to the forefront of the European data centre development market.

Additionally, some of the market key players are Cisco Systems Inc, Dell Inc, Equinix, FUJITSU and Hitachi Vantara, Juniper Network Inc, Lenovo Scheider Electric, Oracle, Rittal GmbH & Co KG., Others.

Europe Data Center Construction Market Segmentation:

By Infrastructure Type:

• Europe Data Center Construction Market Value Share and Forecast, By Infrastructure Type, 2023-2033
• Electrical Infrastructure
• General Infrastructure
• Mechanical Infrastructure

By Offering:

• Offering
• Services

By Tier Standards:

• Tier I
• Tier II
• Tier III
• Tier IV

By Data Center Type:

• Large Scale DC
• Medium Scale DC
• Small Scale DC

By Region:

• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe

For More Information, refer to below link:-

Europe Data Center Construction Market Future Outlook

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