The turnover of data centers in the UK for 2023 stood at 9.31 Billion Euros, showing a 1.2% year-on-year increase from 2022. Over the last five years, the sector experienced a compounded annual growth rate (CAGR) of 0.69%. Notably, there have been periods of fluctuation, such as the downturns in 2016 and 2017, followed by gradual recovery and stabilization towards 2023. Looking ahead, forecasts suggest a steady upward trend with a five-year CAGR of 0.81%, anticipating a turnover of 9.85 Billion Euros by 2028. Future trends to watch for include advancements in data center technologies, increased demand for cloud computing, and investments in sustainable and energy-efficient infrastructure.
Key Variations:
- 2013: 3% YoY, 5.76% CAGR
- 2014: 4.75% YoY, 10.28% CAGR
- 2015: 8.44% YoY, 8.98% CAGR
- 2016: -16.34% YoY, 1.77% CAGR
- 2017: -3.7% YoY, -1.18% CAGR
- 2018: 15.4% YoY, 1.1% CAGR
- 2019: -1.56% YoY, -0.15% CAGR
- 2020: 6.39% YoY, -0.53% CAGR
- 2021: 1.28% YoY, 3.34% CAGR
- 2022: -3.58% YoY, 3.37% CAGR
- 2023: 1.2% YoY, 0.69% CAGR
- 2028: 0.81%, Forecasted 5-year CAGR
- 2028: 4.14%, Forecasted 5-year growth rate
Future Trends to Watch for:
- Advancements in data center technologies
- Increased demand for cloud computing
- Investments in sustainable and energy-efficient infrastructure
