European Data Center Trends in 2024
Data Center is part of ICT and includes a number of sub-sectors such as Managed Hosting, Colocation and Green Data Center. You may also be interested in Telecom, IT Services and Software.
European Data Center Revenue is projected to rise significantly over the coming years, reaching approximately €88 billion by 2028 from €73 billion in 2023. This marks an annual compound growth rate (CAGR) of 2.9%. The European data center market has shown notable growth since 2019, with a year-on-year increase of 4.8%. Leading the charge in 2023, France topped the rankings with revenue of nearly €10 billion. Following France, Sweden, Germany, and the United Kingdom secured the second, third, and fourth positions, respectively. Notably, Serbia has experienced a remarkable growth rate of 60% year-on-year, indicating a burgeoning data center market. In contrast, Italy's market has seen a slight decline, decreasing by 0.6% annually since 2019.
Top 10 countries
In 2024 major markets in the Data Center Industry were:
World Data Center Market Data and Forecasts
How much the Data Center industry is expected to grow to 2028?
More in Data Center Industry for 2028Global Data Center Statistics
- Number Of Employees 207 countries (Europe, Northern Europe, Southern Europe...)
- Hosting Services Penetration 44 countries (Europe, Northern Europe, Southern Europe...)
- Number Of Internet Servers 239 countries (Africa, Sub-Saharan Africa, Latin America...)
- Data Center Revenue 46 countries (Europe, Southern Europe, Northern Europe...)
- Textile Production 97 countries (Europe, Northern Europe, Eastern Europe...)
- Employment Rate 233 countries (Europe, Northern Europe, Eastern Europe...)