Market Trends of Spain Data Center Rack Industry
Cloud segment to hold major share in the market
- The increasing use of the cloud by large companies, driven by technologies such as big data and artificial intelligence, is the main driver of the Spanish market.
- Increased adoption of cloud-based services has fueled the expansion of retail and wholesale colocation services in Spain, leading to increased demand. This will require more racks in the data center.
- The cloud service market, which is indispensable for digitalization, is growing rapidly. With the rise of the digital economy and increased internet usage in Spain, the need for data storage and processing is increasing.
- The proliferation of hybrid cloud service providers has increased demand for colocation services and increased rack utilization.
- The government has allocated Euro 84 million (USD 90.81 million )for the expansion and improvement of the Central Government Private Cloud (SARA Cloud) initiative. The use of the cloud facilitates the development of new business models, enabling companies of all sizes and industries to innovate and gain a competitive edge.
Understand The Key Trends Shaping This Market
Download Sample
Full rack segment to hold major share in the market
- As businesses generate massive amounts of data every day, they are increasingly relying on data centers to efficiently manage their databases and storage. A major factor driving the use of data center racks, therefore, is the increasing use of fully configured data centers.
- In addition, market growth is influenced by rising demand for IT services and investment by large enterprises.
- Initially, the focus was limited to data center rack space. Only size and cost were considered in the deployment. Still, data center rack space utilization is likely to increase further as users grow in various verticals such as online banking, telecommunications, media, entertainment, and other high-density applications.
- In Spain, full racks hold a large share of the market due to the growing space shortage between various companies. A fully racked data center needs to be built to cope with increasing rack capacity due to mobile broadband, the rapid growth of e-commerce, and the rise of big data analytics combined with cloud computing.
- For example, in Spain, the e-commerce user base reached 30 million, with an e-commerce penetration rate of 63%. The number of e-commerce users is expected to grow by 25% to 37 million by 2025. The growing number of electronic payment users has increased the capacity of data storage, and the increasing number of hyperscalers has enabled more racks in data centers.
