Europe Data Center Colocation Market

Europe Data Center Colocation Market is expected to witness a CAGR of approximately 14.8% during the forecast period, 2023-2030.

Europe Data Center Colocation Market Overview

A colocation data center is a facility where organizations, businesses and authorities can rent space to store their servers and other IT equipment. The colocation data center provides the building connectivity, power and cooling for the servers, and physical security.

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Major Europe Data Center Colocation Market Drivers

The significant capital investment has been matched by technological advancements throughout the industry, as players now prefer to move workloads off-premises by colocation facilities. Colocation facilities provide physical security, cooling connectivity which has driven the region’s growth. In addition, European data centre trades have risen significantly since 2015, where in 2018 it exceeded EUR1.2 billion and 2019, as stated by European data centre transactions, which has led to the growth of the market. Besides constructing massive data center sites in remote areas, key cloud service contributors such as Microsoft Azure, Facebook, and Google Cloud Platform have been chartering tons of capacity from colocation businesses in heavily populated areas across Europe. The increase in colocation services outcomes from the improved network connectivity and increase in the sum of localized data centers in accordance with the general data protection regulation (GDPR) to ensure data does not cross-country borders. In addition, colocation contributors to search for new sites in Oslo, Zurich, Reykjavik, Berlin, Milan, and Vienna Madrid, are regarded as prospective hotspots for data center development.

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 The increasing adoption of these technologies has also led to the necessity of faster processing speeds and higher bandwidths. Colocation allocates cloud service contributors to place the network building immediacy to the users and offers reduced latency and high bandwidth. The emergence of 5G has provided colocation service providers an opportunity to offer these services with improved connectivity across remote locations in Europe, thereby driving market growth. In addition, strategic initiatives by the key player’s presence in the region have also pushed the region’s overall growth. For instance, in 2020, A Digital Realty Company (NYSE: DLR) and leading European provider of carrier and cloud-neutral colocation data centre solutions in 2020 announced the construction of MRS4, its fourth data centre in Marseille, which has aided momentum to the growth of the market in Europe.

Restraint in the Europe Data Center Colocation Market

However, data security and loss of control are the factors that are likely to be the most promising hinderance factor for the growth of the European data center colocation market.

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Country – Segment Analysis:

Based on the country-level analysis, UK is witnessed to grow at a higher CAGR in the market over the forecast period. This evolution is credited to the massive volume of internet traffic flow and the existence of several cloud service providers in the nation. In addition to the UK, inviting substantial investments from worldwide markets owing to improve interconnection hubs, cloud-friendly infrastructure, and high bandwidth connectivity. In addition, in London NTT has more than 6 data centers across the location, which has surged the demand form the specific location.

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