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Italy Data Center Storage Market Size (2024 - 2029)

The Italy Data Center Storage Market is poised for significant growth, driven by the increasing demand for cloud computing, government regulations for local data security, and rising investments by domestic players. The market's expansion is reflected in the development of IT load capacity, raised floor space, and the number of racks, with Greater Milan anticipated to be a central hub. Additionally, the construction of submarine cable systems is set to enhance connectivity, further supporting the market's growth. Key factors such as digital transformation, e-commerce, and IoT initiatives are expected to continue propelling the market's expansion during the forecast period.

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Market Size of Italy Data Center Storage Industry

Italy Data Center Storage Market Summary
Study Period 2018 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.46 Billion
Market Size (2029) USD 0.85 Billion
CAGR (2024 - 2029) 10.63 %
Market Concentration Medium

Major Players

Italy Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Italy Data Center Storage Market Analysis

The Italy Data Center Storage Market size is estimated at USD 0.46 billion in 2024, and is expected to reach USD 0.85 billion by 2029, growing at a CAGR of 10.63% during the forecast period (2024-2029).

  • The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Italy data center market is expected to reach more than 800 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase above 5.3 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach above 268K units by 2029. Greater Milan is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 31 submarine cable systems connecting Italy, and many are under construction. One such submarine cable that is estimated to start service in 2024 is Blue, which stretches over 4,696 Kilometers with landing points from Genoa, Italy; Golfo Aranci, Italy; Palermo, Italy; and Rome, Italy.
  • An increasing need for data storage has resulted in an upsurge in the number of data centers nationwide. Several factors contribute to the demand for data centers and their growth within Italy, which is reflected by the country's evolving IT landscape, business activities, and technological initiatives.
  • The key drivers that propel the development of data centers in the nation include digital transformation, cloud computing adoption, e-commerce & digital services, renewable energy & sustainability, and smart cities & IoT initiatives. Hence, such factors are expected to drive market growth during the forecast period.

Italy 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, used for storing, managing, retrieving, distributing, and backing up digital information within such facilities. 

The Italy data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), direct attached storage (DAS), and other technologies), by storage type (traditional storage, all-flash storage, and hybrid storage), and by end-user (IT & telecommunication, BFSI, government, media & entertainment, and other end-users). 

Market sizes and forecasts are provided in terms of value (USD) for all the segments above.

Storage Technology
Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Other Technologies
Storage Type
Traditional Storage
All-Flash Storage
Hybrid Storage
End-User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End-Users
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Italy Data Center Storage Market Size Summary

The Italy Data Center Storage Market is experiencing significant growth, driven by the increasing demand for cloud computing, digital transformation, and the adoption of smart technologies. The market is characterized by a robust expansion in data center infrastructure, including IT load capacity, raised floor space, and the number of racks, with Greater Milan anticipated to be a key hub. The proliferation of submarine cable systems further enhances Italy's connectivity, supporting the burgeoning data storage needs. The market's growth is underpinned by factors such as government regulations for local data security, investments by domestic players, and the rising popularity of cloud services, which offer scalability and flexibility to businesses. The hybrid storage solutions, combining on-premises and cloud environments, are gaining traction as companies seek to manage data more efficiently and support remote work and digital services.

Key players in the market, including Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Huawei Technologies Co. Ltd., and Hitachi Vantara LLC, are actively expanding their offerings to meet the growing demand for data center storage solutions. Collaborations and strategic partnerships, such as those between Hitachi Vantara and Microsoft, as well as Cisco, are enhancing the capabilities and integration of storage products. Innovations like Pure Storage's FlashArray//E and Huawei's F2F2X architecture are addressing the need for sustainable and high-performance storage solutions. The market's moderate consolidation and the focus on expanding regional customer bases by these industry leaders are expected to drive further growth, positioning Italy as a key player in the European data center storage landscape.

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Italy 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 Increasing Demand of Clolud Computing Capabilities Drives the Market Growth

      2. 1.2.2 Increase in the Demand for Energy-Efficient and Cost-Effective Data Centers

    3. 1.3 Market Restraints

      1. 1.3.1 Skilled Workforce Availability and Security Concerns

    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 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 Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-Flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 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

Italy Data Center Storage Market Size FAQs

The Italy Data Center Storage Market size is expected to reach USD 0.46 billion in 2024 and grow at a CAGR of 10.63% to reach USD 0.85 billion by 2029.

In 2024, the Italy Data Center Storage Market size is expected to reach USD 0.46 billion.

Italy Data Center Storage Market Report Snapshots

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