Europe Data Center Storage Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 19.80 Billion |
| Market Size (2029) | USD 27.5 Billion |
| CAGR (2024 - 2029) | 6.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Data Center Storage Market Analysis
The Europe Data Center Storage Market size is estimated at USD 19.80 billion in 2024, and is expected to reach USD 27.5 billion by 2029, growing at a CAGR of 6.60% during the forecast period (2024-2029).
European data centers are clustered around FLAP markets, such as Frankfurt, London, Amsterdam, and Paris. However, there is limited scope for expansion in these expensive urban locations due to constraints on space, cost, and energy. This has also led to major DC construction in other European countries. The region has also been witnessing strong growth in storage with an increase in efficient infrastructure spending. The increasing investment to build data centers across European countries creates demand for flash memory as it is cost-effective, delivers high performance, is integrated with space and power savings, and provides better reliability than hard disks.
- The upcoming IT load capacity of the European data center market is expected to reach 18K MW by 2029.
- The region's construction of raised floor area is expected to increase to 87.6 million sq. ft by 2029.
- The region's total number of racks to be installed is expected to reach 4.3 million units by 2029. The United Kingdom is expected to house the maximum number of racks by 2029.
- There are close to 210 submarine cable systems connecting Europe, and many are under construction. One such submarine cable that is estimated to start service in 2025 is SeaMeWe-6, which stretches over 19,200 kilometers with a landing point in Marseille, France.
Europe Data Center Storage Market Trends
IT and Telecom to Hold Significant Share
- In Europe, players in the telecommunications industry are faced with shrinking revenues and profitability, as well as the effects of regulatory pricing intervention and consolidation. The rapidly increasing 4G penetration and the 5G wave are encouraging telecom vendors to invest in the data center market. Swedish network provider Net4Mobility, a joint venture between local carriers Tele2 and Telenor, had plans to connect 90% of the nation's population to its 5G network by the end of 2023.
- The Netherlands has also quickly modernized with cutting-edge technology, solidifying its position as one of Europe's leading telecom markets. The goals of the EU Gigabit Society include providing all homes access to broadband networks with speeds of at least 100 Mbps, and the vast majority should be taking advantage of 1 Gbps by 2023. These goals are supported by the Dutch government as well.
- 5G is close to seven times better in terms of throughput compared to 4G, at 10 Gbs compared to 1.45 Gbs. With NVMe or SSD over HDD, such enterprise-level technology allows significant I/O throughput. The demand for NVMe is increasing in SSD servers and storage appliances, which is expected to drive the market during the forecast period.
- The transition to PCIe 4.0 technology is in full swing, and KIOXIA Europe GmbH is leading the way forward. Recently, the company announced that its lineup of CM6 and CD6 SeriesPCIe 4.0 NVM Express (NVMe) enterprise and data center solid state drives gained compatibility approval with Super Micro Computer Inc.'s PCIe 4.0-based platforms, including a wide range of enterprise-ready rackmount systems encompassing Ultra, WIO, BigTwin, FatTwin, SuperBlade, 1U/2U NVMe all flash arrays, GPU accelerated systems, and Super Workstations.
- In another recent development, Exascend and GLYN joined forces to bring Exascend's cutting-edge flash storage solutions to Europe, with GLYN distributing products in Northern, Central, Eastern Europe, and Benelux countries. This collaboration empowers businesses throughout Europe to leverage the potential of next-generation flash storage technology.
United Kingdom to Witness Significant Growth
- Brexit has shaken the UK cloud market, causing uncertainty for cloud providers regarding customer data storage and retrieval. As a result, European companies reliant on UK data centers are migrating their operations to the United Kingdom and other EU countries. Despite this, the cloud market in the United Kingdom is thriving. The surge in demand for cloud services in 2020 led to the launch of 10 new services, including cybersecurity offerings by Microsoft. AWS and Microsoft Azure remain the leading players in this growing market.
- The demand for edge data centers is growing with the implementation of commercial 5G networks in the United Kingdom. The United Kingdom is one of the most digitally advanced economies. The government invests in 5G and next-generation digital technologies to support businesses. In line with consumer demand, the cloud computing segment is expected to shift inherently to include the use of multi-cloud in enterprises.
- According to the Federation of Small Businesses (FSB), as of 2022, there were 5.5 million small businesses in the United Kingdom, accounting for 99.2% of the total business in the region. In addition, SMEs account for three-fifths of the employment and around half of the private sector turnover in the country. A growing shift toward hyperscale data centers to efficiently support robust, scalable applications is anticipated to propel the data center storage market in the United Kingdom.
- With data center providers increasing their digital infrastructure, the demand for storage equipment is expected to increase. Equinix Inc., a digital infrastructure company, announced its plans to build a new International Business Exchange (IBX) data center in Salford, Manchester. Equinix also announced a total investment of USD 165 million and an additional USD 1 billion in the digital infrastructure.
Europe Data Center Storage Industry Overview
Europe’s data center storage market is fragmented and has gained a competitive edge in recent years. Some of the major players are Dell Inc., Hewlett Packard Enterprise, and NetApp Inc., among others. These major players, with a prominent market share, focus on expanding their customer base across the region. These companies leverage strategic collaborative initiatives to increase their market share and profitability.
- February 2023: NetApp Inc. announced the upcoming availability of the NetApp AFF C-Series, a new family of capacity flash storage options that deliver lower-cost all-flash storage, and NetApp AFF A150, a new entry-level storage system in the AFF A-Series family of all-flash systems.
- July 2022: Dell Technologies unveiled advancements in storage solutions, emphasizing automation, security, and adaptability for multi-cloud environments. The company’s Dell PowerFlex software-defined infrastructure caters to both traditional and modern workloads by offering new file services. This innovation brings together block and file storage functionalities on a unified platform.
Europe Data Center Storage Market Leaders
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Dell Inc.
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Hewlett Packard Enterprise
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NetApp Inc.
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Huawei Technologies Co. Ltd.
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Hitachi Vantara LLC
*Disclaimer: Major Players sorted in no particular order
Europe Data Center Storage Market News
- June 2023: At the Huawei Intelligent Finance Summit 2023 (HiFS 2023), Huawei Technologies Co. Ltd introduced its first data center data infrastructure architecture, F2F2X (Flash-to-Flash-to-Anything). This architecture is designed to establish a dependable data foundation for financial institutions, specifically addressing challenges associated with new data types, evolving applications, and the need for enhanced data resilience.
- April 2023: Hewlett Packard Enterprise announced new file, block, disaster, and backup recovery data services designed to help customers eliminate data silos, reduce cost and complexity, and improve performance. The new file storage data services deliver scale-out, enterprise-grade performance for data-intensive workloads, and the expanded block services provide mission-critical storage with mid-range economics.
Europe Data Center Storage Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumption and Market Definition
- 1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Growing Digitalization and Emergence of Data-centric Applications
- 4.2.2 Rising Cloud Applications Among End Users
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4.3 Market Restraints
- 4.3.1 Compatibility and Optimum Storage Performance Issues
- 4.4 Value Chain/Supply Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Assessment of COVID-19 Impact
5. MARKET SEGMENTATION
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5.1 By Storage Technology
- 5.1.1 Network Attached Storage (NAS)
- 5.1.2 Storage Area Network (SAN)
- 5.1.3 Direct Attached Storage (DAS)
- 5.1.4 Other Technologies
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5.2 By Storage Type
- 5.2.1 Traditional Storage
- 5.2.2 All-Flash Storage
- 5.2.3 Hybrid Storage
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5.3 By End User
- 5.3.1 IT & Telecommunication
- 5.3.2 BFSI
- 5.3.3 Government
- 5.3.4 Media & Entertainment
- 5.3.5 Other End Users
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5.4 By Country
- 5.4.1 France
- 5.4.2 United Kingdom
- 5.4.3 Sweden
- 5.4.4 Austria
- 5.4.5 Belgium
- 5.4.6 Germany
- 5.4.7 Ireland
- 5.4.8 Italy
- 5.4.9 Norway
- 5.4.10 Poland
- 5.4.11 Spain
- 5.4.12 Switzerland
- 5.4.13 Netherlands
- 5.4.14 Denmark
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Dell Inc.
- 6.1.2 Hewlett Packard Enterprise
- 6.1.3 NetApp Inc.
- 6.1.4 Huawei Technologies Co. Ltd
- 6.1.5 Hitachi Vantara LLC
- 6.1.6 Kingston Technology Company Inc.
- 6.1.7 Pure Storage Inc.
- 6.1.8 Infinidat Ltd
- 6.1.9 Lenovo Group Limited
- 6.1.10 Fujitsu Limited
- 6.1.11 Zadara Inc.
- 6.1.12 Nutanix Inc.
- 6.1.13 Oracle Corporation
- 6.1.14 KIOXIA Europe GmbH
- 6.1.15 Commvault Systems Inc.
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityEurope 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, which are used for storing, managing, retrieving, distributing, and backing up digital information within such facilities.
The European data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), and direct attached storage (DAS)), storage type (traditional storage, all-flash storage, and hybrid storage), end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users), and country. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Storage Technology | Network Attached Storage (NAS) |
| Storage Area Network (SAN) | |
| Direct Attached Storage (DAS) | |
| Other Technologies | |
| By Storage Type | Traditional Storage |
| All-Flash Storage | |
| Hybrid Storage | |
| By End User | IT & Telecommunication |
| BFSI | |
| Government | |
| Media & Entertainment | |
| Other End Users | |
| By Country | France |
| United Kingdom | |
| Sweden | |
| Austria | |
| Belgium | |
| Germany | |
| Ireland | |
| Italy | |
| Norway | |
| Poland | |
| Spain | |
| Switzerland | |
| Netherlands | |
| Denmark |
Europe Data Center Storage Market Research FAQs
How big is the Europe Data Center Storage Market?
The Europe Data Center Storage Market size is expected to reach USD 19.80 billion in 2024 and grow at a CAGR of 6.60% to reach USD 27.5 billion by 2029.
What is the current Europe Data Center Storage Market size?
In 2024, the Europe Data Center Storage Market size is expected to reach USD 19.80 billion.
Who are the key players in Europe Data Center Storage Market?
Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Huawei Technologies Co. Ltd. and Hitachi Vantara LLC are the major companies operating in the Europe Data Center Storage Market.
What years does this Europe Data Center Storage Market cover, and what was the market size in 2023?
In 2023, the Europe Data Center Storage Market size was estimated at USD 18.49 billion. The report covers the Europe Data Center Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Data Center Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Data Center Storage Industry Report
Statistics for the 2024 Europe Data Center Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Data Center Storage analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
