Market Size of Belgium Data Center Networking Industry
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.13 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Belgium Data Center Networking Market Analysis
The Belgium data center networking market reached a value of USD 156.76 million in the previous year, and it is further projected to register a CAGR of 2.12% during the forecast period.
- 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.
- The upcoming IT load capacity of the market is expected to reach 260 MW by 2029. The country's construction of raised floor area is expected to increase more than 1.3 million sq. ft by 2029.
- The country's total number of racks to be installed is expected to reach 65,000 units by 2029. Brussels will likely house the maximum number of racks by 2029. There are close to 5 submarine cable systems connecting Belgium, and many are under construction.
