Data Center - Benelux

Benelux

Revenue in the Data Center market is projected to reach US$7.96bn in 2024.
Network Infrastructure dominates the market with a projected market volume of US$4.57bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.92%, resulting in a market volume of US$11.65bn by 2029.
In global comparison, most revenue will be generated in the United States (US$123.20bn in 2024).

Key regions: United States, Germany, India, Japan, China

Definition:

The Data Center market is a critical segment of the technology industry focusing on supplying and managing physical infrastructure necessary for hosting and operating IT systems, primarily servers, storage, and network equipment. This market spans from traditional in-house data centers to sophisticated facilities offered by specialized providers, covering services like hosting, shared data center facilities, and managed data center solutions. It targets a diverse client base, ranging from small businesses to large enterprises, offering flexible, scalable solutions for their IT infrastructure needs. This sector is integral to the efficient functioning and security of IT operations in various organizations.

Structure:

The Data Center market is structured in three markets based on the services model provided by the companies.

The Server market covers the resources and services related to servers, integral for hosting websites, managing databases, and supporting cloud computing.
The Storage market covers the resources and services related to data storage systems, crucial for archiving, data backup, and ensuring data recovery.
The Network Infrastructure market covers the resources and services related to network hardware essential for ensuring connectivity, data transmission, and network security.

Additional Information:

The Data Center market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Market values represent revenues paid to primary vendors at the manufacturer price level either directly or through distribution channels (excluding VAT). Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Data Center market include companies such as Dell, HPE, Huawei, and Ericsson.

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Market

Region

Region comparison

Currency

Analyst Opinion

The Data Center market in Benelux continues to experience significant growth and development.

Customer preferences: Customers in the Benelux region are increasingly looking for data center solutions that offer high levels of security, reliability, and energy efficiency. They prioritize providers that can offer scalable solutions to accommodate their growing data needs while also ensuring compliance with data protection regulations.

Trends in the market: One notable trend in the Benelux Data Center market is the increasing demand for cloud services. As businesses in the region look to leverage cloud technology for improved flexibility and cost-efficiency, data center providers are expanding their offerings to meet this demand. Additionally, there is a growing focus on sustainability, with data center operators investing in renewable energy sources and energy-efficient infrastructure.

Local special circumstances: The Benelux region is known for its strong digital infrastructure and connectivity, making it an attractive location for data center investments. With its central location in Europe, Benelux countries serve as strategic hubs for international data traffic. Furthermore, the region benefits from a skilled workforce and a business-friendly environment, which encourages further growth in the Data Center market.

Underlying macroeconomic factors: The growth of the Data Center market in Benelux is also influenced by macroeconomic factors such as increasing digitalization across industries, regulatory requirements for data storage and security, and the rise of data-intensive technologies like artificial intelligence and Internet of Things. These factors drive the demand for data center services and infrastructure in the region, leading to continued expansion and innovation in the market.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.