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.
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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Most recent update: Mar 2024
Source: Statista Market Insights
The data center market in Romania has been growing at a minimal rate, influenced by factors such as increasing demand for servers, storage, and network infrastructure, along with the country's focus on digitalization and adoption of advanced technologies. The market's slow growth can also be attributed to the competitive landscape and economic challenges faced by the country.
Customer preferences: As technology continues to advance, consumers in Romania are increasingly relying on digital solutions for health and well-being. This has led to a rise in demand for wearable devices and health tracking apps, as well as online doctor consultations. This trend is driven by the need for convenient and remote monitoring and management of chronic conditions, reflecting a growing preference for digital treatment and care options.
Trends in the market: In Romania, the Data Center Market is experiencing a surge in demand for cloud services, with businesses increasingly relying on remote work and digital operations. This trend is expected to continue as companies prioritize cost efficiency and flexibility. Additionally, there is a growing focus on sustainable data centers, with the government implementing green energy initiatives. This has significant implications for industry stakeholders, as they must adapt to meet the evolving needs of their clients while also incorporating environmentally friendly practices into their operations.
Local special circumstances: In Romania, the Data Center Market is experiencing rapid growth due to the country's strategic location at the crossroads of Europe, as well as its well-developed telecommunications infrastructure. Additionally, Romania's adoption of EU data protection laws has made it an attractive destination for international companies looking to host their data. Furthermore, the country's competitive energy prices and relatively low labor costs have also contributed to its emergence as a major player in the data center market.
Underlying macroeconomic factors: The Data Center Market in Romania is heavily influenced by macroeconomic factors such as economic stability, government policies, and investment in digital infrastructure. With the country's strong economic growth and government initiatives to promote digital transformation, the demand for data centers is expected to increase. Additionally, the rising adoption of cloud computing and the need for efficient data storage solutions are further driving the growth of the data center market in Romania. Furthermore, the country's strategic location and competitive energy prices make it an attractive destination for data center investments.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights