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Europe Data Center Storage Market Size (2024 - 2029)

The Europe Data Center Storage Market is projected to experience significant growth over the forecast period, driven by increasing investments in data center infrastructure across the region. Despite space and cost constraints in major urban centers, there is a notable expansion in data center construction in other European countries. The demand for flash memory is rising due to its cost-effectiveness, high performance, and efficiency in space and power savings. This growth trajectory highlights the expanding market size of data center storage in Europe, as it adapts to the evolving technological landscape and infrastructure needs.

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Market Size of Europe Data Center Storage Industry

Europe Data Center Storage Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 19.80 Billion
Market Size (2029) USD 27.5 Billion
CAGR (2024 - 2029) 6.60 %
Market Concentration Low

Major Players

Europe Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Data Center Storage Market Analysis

The Europe Data Center Storage Market size is estimated at USD 19.80 billion in 2024, and is expected to reach USD 27.5 billion by 2029, growing at a CAGR of 6.60% during the forecast period (2024-2029).

European data centers are clustered around FLAP markets, such as Frankfurt, London, Amsterdam, and Paris. However, there is limited scope for expansion in these expensive urban locations due to constraints on space, cost, and energy. This has also led to major DC construction in other European countries. The region has also been witnessing strong growth in storage with an increase in efficient infrastructure spending. The increasing investment to build data centers across European countries creates demand for flash memory as it is cost-effective, delivers high performance, is integrated with space and power savings, and provides better reliability than hard disks.

  • The upcoming IT load capacity of the European data center market is expected to reach 18K MW by 2029.
  • The region's construction of raised floor area is expected to increase to 87.6 million sq. ft by 2029.
  • The region's total number of racks to be installed is expected to reach 4.3 million units by 2029. The United Kingdom is expected to house the maximum number of racks by 2029.
  • There are close to 210 submarine cable systems connecting Europe, and many are under construction. One such submarine cable that is estimated to start service in 2025 is SeaMeWe-6, which stretches over 19,200 kilometers with a landing point in Marseille, France.

Europe Data Center Storage Industry Segmentation

Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, which are used for storing, managing, retrieving, distributing, and backing up digital information within such facilities.

The European data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), and direct attached storage (DAS)), storage type (traditional storage, all-flash storage, and hybrid storage), end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users), and country. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Storage Technology
Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Other Technologies
By Storage Type
Traditional Storage
All-Flash Storage
Hybrid Storage
By End User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
By Country
France
United Kingdom
Sweden
Austria
Belgium
Germany
Ireland
Italy
Norway
Poland
Spain
Switzerland
Netherlands
Denmark
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Europe Data Center Storage Market Size Summary

The Europe Data Center Storage Market is experiencing significant growth, driven by the increasing demand for efficient and high-performance storage solutions. The market is characterized by a strong presence in key urban centers like Frankfurt, London, Amsterdam, and Paris, although expansion in these areas is limited due to space and cost constraints. This has led to the development of data centers in other European countries, with a notable rise in infrastructure spending. The demand for flash memory is on the rise, as it offers cost-effectiveness, high performance, and better reliability compared to traditional hard disks. The transition to advanced technologies such as NVMe and PCIe 4.0 is further propelling the market, with companies like KIOXIA Europe GmbH leading the way in enterprise-level storage solutions.

The market landscape is competitive, with major players like Dell Inc., Hewlett Packard Enterprise, and NetApp Inc. focusing on expanding their market share through strategic collaborations and innovative product offerings. The United Kingdom stands out as a rapidly growing market, driven by the demand for cloud services and the implementation of 5G networks. The shift towards hyperscale data centers and multi-cloud environments is expected to enhance the storage market's growth. Despite challenges like Brexit, the UK cloud market remains robust, with significant investments in digital infrastructure by companies such as Equinix Inc. The market's fragmentation and the presence of leading technology firms underscore the dynamic nature of the European data center storage industry.

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Europe Data Center Storage Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Digitalization and Emergence of Data-centric Applications

      2. 1.2.2 Rising Cloud Applications Among End Users

    3. 1.3 Market Restraints

      1. 1.3.1 Compatibility and Optimum Storage Performance Issues

    4. 1.4 Value Chain/Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Storage Technology

      1. 2.1.1 Network Attached Storage (NAS)

      2. 2.1.2 Storage Area Network (SAN)

      3. 2.1.3 Direct Attached Storage (DAS)

      4. 2.1.4 Other Technologies

    2. 2.2 By Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-Flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 By End User

      1. 2.3.1 IT & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End Users

    4. 2.4 By Country

      1. 2.4.1 France

      2. 2.4.2 United Kingdom

      3. 2.4.3 Sweden

      4. 2.4.4 Austria

      5. 2.4.5 Belgium

      6. 2.4.6 Germany

      7. 2.4.7 Ireland

      8. 2.4.8 Italy

      9. 2.4.9 Norway

      10. 2.4.10 Poland

      11. 2.4.11 Spain

      12. 2.4.12 Switzerland

      13. 2.4.13 Netherlands

      14. 2.4.14 Denmark

Europe Data Center Storage Market Size FAQs

The Europe Data Center Storage Market size is expected to reach USD 19.80 billion in 2024 and grow at a CAGR of 6.60% to reach USD 27.5 billion by 2029.

In 2024, the Europe Data Center Storage Market size is expected to reach USD 19.80 billion.

Europe Data Center Storage Market Report Snapshots

Europe Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)