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UK Data Center Storage Market Size (2024 - 2029)

The United Kingdom data center storage market is poised for significant growth, driven by the increasing demand for cloud computing, government regulations on local data security, and rising investments from domestic players. This expansion is reflected in the country's evolving IT landscape and technological initiatives, which are key contributors to the market's development. Factors such as digital transformation, e-commerce, renewable energy, and smart city initiatives are expected to further propel the market's growth during the forecast period.

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Market Size of UK Data Center Storage Industry

UK Data Center Storage Market Summary
Study Period 2018 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.45 Billion
Market Size (2029) USD 3.81 Billion
CAGR (2024 - 2029) 7.63 %
Market Concentration Medium

Major Players

UK Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

UK Data Center Storage Market Analysis

The UK Data Center Storage Market size is estimated at USD 2.45 billion in 2024, and is expected to reach USD 3.81 billion by 2029, growing at a CAGR of 7.63% 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 United Kingdom data center market is expected to reach more than 3000 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase above 17 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach above 8,89,000 units by 2029. London is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 58 submarine cable systems connecting the United Kingdom, and many are under construction.
  • 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 the UK, 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.

UK 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 United Kingdom 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-User
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UK Data Center Storage Market Size Summary

The United Kingdom Data Center Storage Market is experiencing robust growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and significant investments by local players. The market is characterized by a surge in data center construction, with substantial expansions in IT load capacity, raised floor space, and the number of racks planned for installation. London is anticipated to be a central hub for these developments, supported by the ongoing expansion of submarine cable systems. The market's growth is further fueled by digital transformation initiatives, the adoption of cloud computing, and the rise of e-commerce and digital services, all of which underscore the need for advanced data storage solutions.

The convergence of emerging technologies such as artificial intelligence, the Internet of Things, and machine learning is set to enhance the capabilities of cloud computing services, driving further market expansion. The UK's commitment to expanding broadband infrastructure, including ambitious targets for 5G and fiber connectivity, supports the increasing adoption of cloud services by businesses. Hybrid storage solutions, combining on-premises and cloud storage, offer flexibility and cost optimization, catering to the diverse needs of sectors like finance and healthcare. Key market players, including Dell Inc., Hewlett Packard Enterprise, and NetApp Inc., are actively engaged in strategic expansions and acquisitions to meet the evolving demands, highlighting the dynamic nature of the market.

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UK 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 The Expansion of IT infrastructure in the Country Drives the Market Growth

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

    3. 1.3 Market Restraints

      1. 1.3.1 High Initial Investments

    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-User

UK Data Center Storage Market Size FAQs

The UK Data Center Storage Market size is expected to reach USD 2.45 billion in 2024 and grow at a CAGR of 7.63% to reach USD 3.81 billion by 2029.

In 2024, the UK Data Center Storage Market size is expected to reach USD 2.45 billion.

UK Data Center Storage Market Report Snapshots

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