Germany Data Center Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The German Data Center Market was valued at USD 5.78 billion and is expected to reach USD 7.43 billion by 2027, registering a CAGR of 4.45% during the forecast period (2022-2027). The increasing demand for data processing in Germany demands improved and advanced data infrastructure, creating demand for data centers. With the onset of the COVID-19 pandemic, the allied programs have been focusing on digitizing education, healthcare, cybersecurity, agribusiness, public safety, and manufacturing in connection with industry, academic, and public sector partners to promote economic growth and skills development.
Key HighlightsThe German data center market is moderately concentrated due to higher initial investments and low availability of resources, which present challenges to this market. The companies introduce new network offerings and product degradation to attract investors and direct business clients availing the services. The companies also leverage strategic partnerships and acquisitions to expand the service portfolio.
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