Data Center Construction Market in Western Europe 2018-2022
About this market
Data are being generated to a large extent with the development of the Smart Revolution, which includes the development of smart homes, smart cities, and smart grids. It is crucial to process such an extensive data. This is resulting in an increased number of hyperscale data centers.
Technavio’s analysts have predicted that the data center construction market in Western Europe will register a CAGR of almost 9% by 2022.
The release of general data protection regulation
The use of GDPR ensures guaranteed data protection by promoting European-based data centers. This is encouraging vendors to increase their data center construction activities across the EU, including Western Europe.
Capital-intensive nature of data center industry
The construction of data centers requires initial costs and large investments in network and power infrastructure. This is a significant challenge that hinders the market.
For the detailed list of factors that will drive and challenge the growth of the data center construction market in Western Europe during 2018-2022, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the extensive generation of data and the release of general data protection regulation, will provide considerable growth opportunities to vendors of the data center construction in Western Europe. ABB, AECOM, Arup, Eaton, and Schneider Electric are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Data Center Construction Market in Western Europe 2018-2022
Technavio recognizes the following companies as the key players in the data center construction market in Western Europe: ABB, AECOM, Arup, Eaton, and Schneider Electric.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increasing number of hyperscale data centers.”
According to the report, one driver influencing this market is the release of general data protection regulation.
Further, the report states that one challenge affecting this market is the capital-intensive nature of data center industry.