Market Size of belgium data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 253.56 MW |
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Market Volume (2029) | 263.31 MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 0.76 % |
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Fastest Growing by Tier Type | Tier 4 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Belgium Data Center Market Analysis
The Belgium Data Center Market size is estimated at 253.56 MW in 2024, and is expected to reach 263.31 MW by 2029, growing at a CAGR of 0.76% during the forecast period (2024-2029).
USD 451.09 Million
Market Size in 2024
USD 507 Million
Market Size in 2029
5.0%
CAGR (2017-2023)
2.4%
CAGR (2024-2029)
IT Load Capacity
253.6 MW
Value, IT Load Capacity, 2024
The IT load capacity of the Belgian data center market expected to reach 263.31 MW by 2029. The surge in Internet banking, rising online sales, and the digitalization of businesses create more need for IT load capacity in the future.
Total Raised Floor Space
Sq. Ft. 1.26 M
Volume, Raised Floor Space, 2024
The country's total raised floor area is expected to reach 1.31 million sq. ft by 2029. The goals of Belgium's digital transformation program include the modernization of public services, and preparing for 5G drives the market demand.
Installed Racks
63,389
Volume, Installed Racks, 2024
The country's total number of installed racks is expected to reach 65,827 units by 2029. Brussels will likely house the maximum number of racks by 2029.
# of DC Operators & DC Facilities
19 and 39
Volume, DC Facilities, 2024
Belgium has 39 colocation data centers, with Brussels as the major hotspot. The growing adoption of the cloud by most businesses is one of the factors boosting the number of data centers in the country.
Leading Market Player
27.2%
Market Share, KevlinX Belgium BVBA, 2023
KevlinX Belgium BVBA has data center facilities in Belgium. These facilities have 320,100 sq. ft of net rentable capacity and an IT load capacity of 68 MW with average racks of about 16,000 units.
Tier 3 data center accounted for majority share in terms of volume in 2023, and is expected to dominate through out the forecasted period
- The tier 3 data center segment is expected to reach a capacity of 226.62 MW in 2023, and it is projected to exhibit a CAGR of 0.35%, surpassing 231.39 MW by 2029. However, the tier 4 data center segment is predicted to record a CAGR of 5.77% to reach a capacity of 26.77 MW by 2029.
- In the future, facilities in tiers 1 and 2 will gradually slow down and show marginal growth owing to lengthy and irregular outages. Tier 4 facilities are expected to witness a growth in market share from 8% in 2023 to 10.2% in 2029. As a result, businesses are expected to transition to Tier 3 and Tier 4 facilities for their requirements.
- Tier 3 facilities are expected to witness the highest demand in 2023. Unlike tier 4 facilities, the primary investor developing the next data center facility is focusing mostly on tier 3. However, the market is anticipated to exhibit signs of potential growth over the projection period, which may lead to hyperscale colocation being adopted by important end users in cloud services and Industry 4.0.
- For instance, Belgian businesses plan to increase their use of public clouds by 15.12% between 2023 and 2027. Large corporations favor Tier 4 data centers more due to their fault-tolerant capabilities, reduced downtime, and 99.99% uptime. In 2022, Antwerp DC owned six tier 4 data centers in the nation. More businesses are expected to invest in tier 4 data centers in the future.
Understand The Key Trends Shaping This Market
