Data Center - North Macedonia

North Macedonia

Revenue in the Data Center market is projected to reach US$30.53m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$18.24m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.45%, resulting in a market volume of US$37.95m 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 North Macedonia has seen limited growth due to factors such as slow adoption of digital technologies, low health awareness among consumers, and limited convenience offered by online services. This is reflected in the minimal growth rate of the overall market, with sub-markets for Servers, Storage, and Network Infrastructure also being impacted.

Customer preferences: With the growing adoption of cloud computing and digital transformation in North Macedonia, there has been a noticeable increase in demand for data center services. This trend is driven by the country's strong IT infrastructure and a growing number of businesses looking to outsource their data management and storage needs. In addition, there is a growing preference among consumers for online shopping and digital services, leading to a rise in e-commerce and online banking activities. This has further fueled the need for reliable and secure data centers to ensure efficient and seamless online transactions. As the country continues to embrace digitalization, the demand for data center services is expected to grow in the coming years.

Trends in the market: In North Macedonia, the Data Center Market is experiencing a surge in demand for cloud computing services as businesses shift towards remote work and digital transformation. This trend is expected to continue as more companies adopt hybrid and multi-cloud strategies. Additionally, the country's strategic location and low operational costs make it an attractive destination for data center investments. This presents opportunities for industry stakeholders to expand their services and partnerships, while also driving economic growth in the region. However, there may also be challenges in terms of infrastructure development and data privacy regulations that need to be addressed for the sustainable growth of the market.

Local special circumstances: In North Macedonia, the Data Center Market is growing due to the country's strategic location between Europe and Asia, making it an ideal hub for data storage and management. Additionally, the government's supportive policies and investment incentives have attracted major international players to set up their data centers in the country. The country's small size and low cost of living have also made it an attractive destination for businesses looking to establish their data centers. In contrast, neighboring countries face challenges such as political instability and higher costs, making North Macedonia a favorable choice for data center operations.

Underlying macroeconomic factors: The Data Center Market in North Macedonia is heavily influenced by macroeconomic factors such as government policies, investment in infrastructure, and global economic trends. With the government's recent focus on promoting the IT sector and increasing foreign investment, there has been a significant rise in the demand for data center services in the country. Furthermore, the country's stable economic growth and favorable business environment have also contributed to the growth of the data center market. Additionally, with the increasing adoption of cloud computing and digital transformation across industries, the demand for data center services is expected to continue rising in North Macedonia.

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.