Key Market Indicators
Serbia's data center revenue is projected to hit approximately €431 million by 2028, up from about €306 million in 2023. This marks an average annual growth rate of 5.1%. Since 2019, the Serbian market has seen a significant surge, increasing by 60% year on year. In 2023, Serbia held the 22nd position worldwide in data center revenue. Latvia slightly edged out Serbia, also recording around €306 million. Leading the global rankings, Sweden, Germany, and the United Kingdom secured the second, third, and fourth spots, respectively.
