Europe Data Center Market - Industry Outlook & Forecast 2022-2027
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Europe Data Center Market Report
There is a high demand for data centers in UK, Germany, and France due to the increased growth in cloud computing, IoT, and big data. The UK is among the leading data center locations in Western Europe.
Europe data center market by investments is expected to grow at a CAGR of 5.53 % during 2022-2027
COVID-19 IMPACT
The outbreak of COVID-19 has led to an increase in the demand for data centers. During the initial outbreak, data center operators faced several challenges to operate facilities. The demand for data centers grew significantly due to the pandemic, with a majority of the region’s workforce shifting to remote working. The demand for colocation services led to strong utilization of existing data center space and drove revenues of service providers by over 10% in those two quarters. The data center market in Europe has always been an attractive asset with better Return on Investment (ROI) compared to other commercial and industrial properties. This has attracted several new entrants into the market.
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