Market Size of Europe Data Center Networking Industry
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Data Center Networking Market Analysis
The Europe data center networking market reached a value of USD 6.5 billion in the previous year, and it is further projected to register a CAGR of 6.2% during the forecast period.
- Within Europe, clients and data centers are located close to each other, so 80% of European data centers provide latency of no more than 50 milliseconds. Together with dense coverage of high-speed data transmission channels, this allows businesses and their clients to get fast access to data 24/7.
- Data centers in the region are concentrating on the reduction of high power consumption, WAN consolidation, and bandwidth requirements, creating growth opportunities for data center interconnect, leading to major market demand.
- The upcoming IT load capacity of the Europe data center Server market is expected to reach 18K MW by 2029. The region's construction of raised floor area is expected to increase 87.6 million sq. ft by 2029.
- The region's total number of racks to be installed is expected to reach 4.3 million units by 2029. The United Kingdom is expected to house the maximum number of racks by 2029.
- There are close to 210 submarine cable systems connecting Europe, and many are under construction. One such submarine cable that is estimated to start service in 2025 is SeaMeWe-6, which stretches over 19,200 km with a landing point in Marseille, France.
