Market Trends of Europe Dynamic Random Access Memory (DRAM) Industry
Data Center Segment to Register Considerable Growth
- The dynamic random access memory (DRAM) market's development is anticipated, particularly for regional data centers, as a result of the need for cloud computing and a fast connection. Cloud computing services' high-speed data transport, cooling, and backup requirements are met by solutions with high memory density and low power consumption.
- Since DRAM is crucial for the smooth operation of contemporary corporate and data center applications, expanding data centers has greatly increased demand for the product. According to Cloudscene, as of 2023, there were around 552 data centers in Germany and 517 in the United Kingdom. This factor may fuel the market further during the forecast period.
- The studied market is also being driven by the fact that several market vendors are building new data centers. For example, Google announced that it would make the greatest investment in Germany in more than 20 years by spending around USD 1 billion to expand the data centers that serve its cloud computing services.
- According to Cloudscene, the country's data center business is booming, contributing 8% of its overall GDP, which is over USD 2.86 trillion. As of 2022, the maximum number of data centers were present in London, with the maximum number of cloud service providers at 1,405.
- Experts like Dr. Béla Waldhauser, CEO of Telehouse Germany, and DataCenter-Insider-Editor-in-Chief Ulrike Ostler predicted that Edge data centers might become a more important market segment in the future. By 2025, according to Ostler's forecast, this number will have tripled. In addition, Waldhauser anticipated that tier-II cities like Berlin, Hamburg, and Munich would become more significant for colocation providers due to the anticipated demand for storage capacity and processing power. Such factors may boost the market's growth in the future.
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United Kingdom May Grow at a Significant Rate Over the Forecast Period
- The UK government is developing several programs to encourage the semiconductor industry to become more self-sufficient. There has been a substantial demand for data centers in the United Kingdom from small- and medium-sized businesses that need more funding to establish internal IT operations.
- The country has 85.01 million active mobile devices and 97.23 million mobile connections. Mobile phones are owned by 98% of the adult population, translating to 1.37 active links per person. The above data signifies the country's growing number of mobile phone users.
- The need for effective data center solutions and services drives up expenditure due to expanding infrastructure and increasingly complicated networking, server, storage, and other equipment. The establishment of data centers has also received funding from the government. Initiatives like increasing investments in data centers and the growing usage of mobile phones may propel the market's growth during the projected period.
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