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Europe Data Center Infrastructure Market Estimated to Reach Over USD 30 Billion by 2024

Author : Ronak Bora | Published Date : 2019-05-27 

The Europe data center infrastructure market to reach over USD 30 billion by 2024, owing to rising investments by various business and companies across the Nordic region coupled with growing number of the facilities. Current technological developments such as Industry 4.0, big data, and cloud computing are the major drivers of the Germany market. Increasing number of manufacturers is stressing on replacing human labor by automation. The incorporation of IoT and rise in the number of connected devices are contributing to the exponential rise in the data. Germany being a highly developed industrial sector, the country possesses a modern infrastructure and manufacturing & industrial sectors. Several manufacturing companies are stressing the need for enhanced facilities for their businesses, thereby driving the data center infrastructure market growth.

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Nlyte’s partnership with the IBM Watson IoT group is an exemplar precedent underlining rapid expansion of data center infrastructure market. Recently inked, through this deal, the companies intend to leverage maximum potential of advanced analytics and AI in its data centers.  Speaking of the strategic agreement, one of the spokesperson of Nlyte has been quoted saying that the complexity, scalability, and optimization of modern data centers demand the requirement of advanced analytic solution integration. Reportedly, Nlyte is amalgamating its patent NEO (Nlyte Energy Optimizer) with IBM Watson’s advanced AI abilities in a quest to provide data centers with new heights of operational comprehensiveness. This alliance, as per experts’ opinion, has surely strengthened Nlyte’s stance in data center infrastructure market that pegged a valuation of USD 40 billion in 2017.

Colocation data center infrastructure market is gaining popularity among organizations to reduce the expenses associated with maintaining and building facilities. Colocation facilities accounted for over USD 10 billion in 2017, provide end users server security, storage, cooling, power, and networking equipment. Constructing a new facility drains the company’s money, time, and labor owing to which the colocation market is witnessing a growing demand. Colocation vendors are providing improved maintenance and services to businesses to maximize their productivity, which is enabling enterprises to focus on their core business with efficient data management.

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Increasing number of facilities across the globe coupled with the rising demand for data storage, management, and backup is expected to fuel the demand for networking equipment in the data center infrastructure market. Networking equipment includes Ethernet switches, WAN, SD-WAN, and application delivery controllers. Growing complexity in the management of enormous data volume generated by enterprises is compelling the adoption of new infrastructure allowing security, visibility, and automation of data. Networking equipment forms a crucial part of the infrastructure. The equipment enables a strong connection between data center nodes and the equipment to ensure that they can transfer and communicate data.

Despite these growth opportunities, data center infrastructure market is still facing a challenge of bridging complex web of interconnections with a data center network. Nonetheless, with the advent of optimized workflow procedures, adoption of real-time monitoring system, and enhanced tools, the aforementioned stumbling block is likely to get overcome within a short span. Furthermore, the lure of big data analytics and extensive proliferation of cloud technologies would leave a complementary influence on data center infrastructure industry space. In terms of commercialization, the business space is forecast to exceed a massive valuation of USD 90 billion by 2024.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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