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The Europe Data Center As A Service Market would witness market growth of 26.9% CAGR during the forecast period (2022-2028).
In comparison to conventional data storage techniques, data centers are also more secure. Modern storage systems, servers, and network devices use components that are so tiny that they struggle and malfunction under power conditions that older equipment could withstand with ease. With none of the issues associated with portable technology, a data center offers dependable storage.
The need for data and power is growing as technology continues to alter how organizations conduct business. Numerous businesses frequently find that this significant rise in resources is too much to manage internally or with the current corporate infrastructure. To keep up with the high demand, many man hours and personnel are needed. A business can outsource its power requirements by using a data center.
The United Kingdom is one of the major centers for financial services, and fintech is one of its fastest-growing sectors. Digital banking ecosystems are beginning to thrive in the UK. Due to early regulations & acceptance of open banking, the subsequent rise of fintech disruptors, and other factors, the United Kingdom has a benefit over other Western countries in a range of digital regions. Digitally savvy banks are looking to move and are thinking about API strategy 2.0. API strategy 2.0 scales from 10-100 public APIs to thousands of bundle-ready building blocks with consistency and standardization.
The Germany market dominated the Europe Data Center as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,903.9 million by 2028.The UK market is anticipated to grow at a CAGR of 25.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 27.9% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Infrastructure, the market is segmented into Servers, Storage and Networking. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Data Center as a Service Market will Hit $269.7 Billion by 2028, at a CAGR of 27.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., IBM Corporation, Microsoft Corporation, Google LLC, Dell Technologies, Inc., Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Hewlett-Packard Enterprise Company, Cisco Systems, Inc., and Lenovo Group Limited.
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