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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 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.