Belgium Data Center Storage Market Size (2024 - 2029)

The Belgium Data Center Storage Market is poised for growth, driven by the increasing demand for cloud computing, government regulations on local data security, and rising investments from domestic players. The market's expansion is supported by the country's evolving IT landscape and technological initiatives, which include digital transformation, e-commerce, and smart city developments. These factors contribute to the growing need for data storage solutions, reflecting a positive trajectory for the market size over the forecast period.

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Market Size of Belgium Data Center Storage Industry

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Belgium Data Center Storage Market Summary
Study Period 2018 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.33 Billion
Market Size (2029) USD 0.38 Billion
CAGR (2024 - 2029) 2.29 %
Market Concentration Medium

Major Players

Belgium Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Belgium Data Center Storage Market Analysis

The Belgium Data Center Storage Market size is estimated at USD 0.33 billion in 2024, and is expected to reach USD 0.38 billion by 2029, growing at a CAGR of 2.29% during the forecast period (2024-2029).

  • The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Belgium data center market is expected to reach 260 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase more than 1.3 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 65,000 units by 2029. Brussels will likely house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 5 submarine cable systems connecting Belgium, and many are under construction.
  • An increasing need for data storage has resulted in an upsurge in the number of data centers nationwide. Several factors contribute to the demand for data centers and their growth within Belgium, which is reflected by the country's evolving IT landscape, business activities, and technological initiatives.
  • The key drivers that propel the development of data centers in the nation include digital transformation, cloud computing adoption, e-commerce & digital services, renewable energy & sustainability, and smart cities & IoT initiatives. Hence, such factors are expected to drive market growth during the forecast period.

Belgium Data Center Storage Industry Segmentation

Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, used for storing, managing, retrieving, distributing, and backing up digital information within such facilities. 

The Belgium data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), direct attached storage (DAS), and other technologies), by storage type (traditional storage, all-flash storage, and hybrid storage), and by end-user (IT & telecommunication, BFSI, government, media & entertainment, and other end-users). 

Market sizes and forecasts are provided in terms of value (USD) for all the segments above.

Storage Technology
Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Other Technologies
Storage Type
Traditional Storage
All-Flash Storage
Hybrid Storage
End-User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End-Users
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Belgium Data Center Storage Market Size Summary

The Belgium Data Center Storage Market is poised for steady growth over the forecast period, driven by the increasing demand for cloud computing, stringent government regulations on data security, and significant investments from domestic players. The country's evolving IT landscape, characterized by digital transformation, e-commerce, and smart city initiatives, is further propelling the demand for data centers. The market is witnessing a surge in the construction of data centers, with substantial increases in IT load capacity, raised floor space, and the number of racks planned for installation. The strategic location of Belgium in Europe enhances its role as a major hub for international trade, making hybrid storage solutions increasingly vital for efficient data management and transmission across global enterprises.

The market is moderately consolidated, with key players like Dell Inc., Hewlett Packard Enterprise, and Huawei Technologies Co. Ltd. actively expanding their regional presence. These companies are focusing on enhancing data center storage solutions to meet the growing market demand. The Belgian government's support through incentives and investments in IT infrastructure, particularly in the Flanders region, is expected to further stimulate market growth. The shift towards hybrid storage data centers, driven by the rising need for technology services and the expansion of e-commerce, is a significant trend shaping the market. As businesses continue to generate vast amounts of data, the demand for efficient storage and processing facilities is anticipated to rise, supporting the market's expansion in the coming years.

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Belgium Data Center Storage Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand of Clolud Computing Capabilities Drives the Market Growth

      2. 1.2.2 Adoption of Green Practices in Data Centers Drives the Market Growth

    3. 1.3 Market Restraints

      1. 1.3.1 High Initial Investments

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 Storage Technology

      1. 2.1.1 Network Attached Storage (NAS)

      2. 2.1.2 Storage Area Network (SAN)

      3. 2.1.3 Direct Attached Storage (DAS)

      4. 2.1.4 Other Technologies

    2. 2.2 Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-Flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 End-User

      1. 2.3.1 IT & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End-Users

Belgium Data Center Storage Market Size FAQs

The Belgium Data Center Storage Market size is expected to reach USD 0.33 billion in 2024 and grow at a CAGR of 2.29% to reach USD 0.38 billion by 2029.

In 2024, the Belgium Data Center Storage Market size is expected to reach USD 0.33 billion.

Belgium Data Center Storage Market Report Snapshots

Belgium Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)