Spain Data Center Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

Spain Data Center Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Spain Data Center Market is projected to register a CAGR of 10.73%

Key Highlights

• IT Load Capacity: The IT load capacity of the Spanish data center market may grow steadily and reach 1351 MW by 2029.
• Raised Floor Space: The country's total raised floor area is expected to reach 6.5 million sq. ft by 2029.
• Installed Racks: The total number of installed racks is expected to reach 337,775 units by 2029. Madrid will likely house the maximum number of racks by 2029.
• DC Facilities: Spain has 60 colocation data center facilities, with Madrid as the major hotspot. The increasing adoption of the cloud by most businesses is one of the factors boosting the number of data centers in the country.
• Leading Market Player: Interxion (Digital Reality) has four data center facilities in Spain, with 393816.0 sq. ft of net rentable capacity, 79.52 MW of IT load capacity, and average racks of more than 19,000 units.

Spain Data Center Market Trends

Tier 3 is the largest Tier Type

• In 2023, the IT load capacity of tier 3 data centers in Spain is expected to reach 481.89 MW and then register a CAGR of 8.7% to surpass 795.09 MW by 2029. Conversely, tier 4 data centers are predicted to record a CAGR of 14.45%, reaching a capacity of 547.68 MW by 2029.
• Over the coming years, facilities in tiers 1 and 2 will gradually slow down and exhibit negative growth, resulting from lengthy and irregular outages. Additionally, they possess a single channel for cooling and electricity, with a predicted uptime of 99.671%. Although these data centers are less expensive than tier 3 and tier 4 facilities, their reduced capability is prompting end users to increasingly opt for tier 3 and tier 4 facilities.
• In 2029, tier 3 and tier 4 facilities are expected to hold major shares of 58.8% and 40.5%, respectively. The year 2023 will witness the highest demand for tier 3 facilities, which are expected to hold a market share of 65.8%. Owing to features like onsite service, power, and cooling redundancy, tier 3 data centers are the most popular. BFSI, telecom, media, and entertainment consumers are primarily using wholesale and hyperscale colocation facilities, driving significant tier 3 facility usage.
• The number of digital payment users in the country is projected to reach 40.6 million by 2027, up from 32.35 million users in 2022. Tier 4 data centers are expected to experience significant growth over the coming years. Large businesses prefer tier 4 data centers due to their fault-tolerant capabilities, reduced downtime, and 99.99% uptime. Additionally, as more companies adopt cloud-based services, the demand for tier 3 and tier 4 facilities to offer colocation space with the latest technology will increase.

Spain Data Center Industry Overview

The Spain Data Center Market is moderately consolidated, with the top five companies occupying 64.40%. The major players in this market are Data4, Equinix, Inc., Global Switch Holdings Limited, Interxion (Digital Reality Trust, Inc.) and VPS House Technology Group LLC (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support