At 21.0% CAGR, Europe Hyperscale Data Center Market is Projected to be Worth US$ 1,08,293.78 Million by 2031, says The Insights Partners

According to The Insights Partners research, the Europe hyperscale data center market was valued at US$ 23,525.85 million in 2023 and is expected to reach US$ 1,08,293.78 million by 2031, registering a CAGR of 21.0% from 2023 to 2031. Advent of IoT, big data, machine learning, and AI and increase in data traffic are among the critical factors attributed to drive the Europe hyperscale data center market growth.

The Internet of Things (IoT), big data, machine learning, and artificial intelligence (AI) are a few technologies that generate massive data volumes. IoT generates enormous volumes of data for storing, processing, and analyzing in real time. IoT devices are widely used across the region, connecting physical objects and enabling data collection and communication. The data centers positioned at the edge of the network can provide local computing power, storage, and analytics capabilities, reducing the latency and bandwidth requirements while transmitting data to a centralized data center. It also enables real-time decision-making and facilitates IoT deployments across several industries.

Further, processing and analyzing such massive datasets require significant computational power and storage capabilities. Hyperscale data centers offer a scalable and distributed architecture, allowing organizations to process and analyze big data. Furthermore, they enhance data processing efficiency and enable real-time analytics. In addition, machine learning and AI algorithms require substantial computational resources for training and inference tasks. Hyperscale data centers provide the necessary processing power and storage capabilities to perform these resource-intensive tasks in the vicinity of the data source. Organizations can reduce the latency by deploying hyperscale data centers at the edge. This supports autonomous vehicles, intelligent video analytics, predictive maintenance, and personalized recommendations, fostering the market.

On the contrary, the high initial and maintenance cost hamper the growth of Europe hyperscale data center market.

Based on solutions, the Europe hyperscale data center market is segmented into storage, networking, server, security, and others. The storage segment held 31.4% market share in 2023, amassing US$ 7,387.65 million. It is projected to garner US$ 34,832.08 million by 2031 to register 21.4% CAGR during 2023–2031.

In terms of end user, the Europe hyperscale data center market is segmented into colocation providers, enterprises, and cloud providers. The colocation providers segment held 44.8% share of Europe hyperscale data center market in 2023, amassing US$ 10,543.25 million. It is anticipated to garner US$ 49,129.69 million by 2031 to expand at 21.2% CAGR during 2023–2031.

By industry vertical, the Europe hyperscale data center market is segmented into BFSI, telecom and IT, government and public, media and entertainment, and others. The BFSI segment held 32.8% market share in 2023, amassing US$ 7,726.44 million. It is projected to garner US$ 36,130.21 million by 2031 to register 21.3%CAGR during 2023–2031.

By country, the Europe hyperscale data center market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 36.5% share of Europe hyperscale data center market in 2023. It was assessed at US$ 8,575.17 million in 2023 and is likely to hit US$ 37,100.95 million by 2031, registering a CAGR of 20.1% during 2023–2031.

Key players operating in the hyperscale data center market are ABB Ltd; Dell Technologies Inc; EdgeConnex Inc.; Cisco Systems Inc; International Business Machines Corp; Fujitsu Ltd; Hewlett Packard Enterprise Development LP; Intel Corp; Juniper Networks Inc; and Schneider Electric SE, among others.

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