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Data Center Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Data Center Industry

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.

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In 2024 major markets in the Data Center Industry were:

Data Center Market Data and Forecasts

How much the Data Center industry is expected to grow to 2028?

Forecast: European Turnover of Data Center
Forecast: Turnover of Data Center in the EU28
Forecast: Turnover of Data Center in the EU27 (2020)
Forecast: Turnover of Data Center in France
Forecast: Turnover of Data Center in Italy
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