Research and Markets: Germany Data Center Market Report 2021: Growth, Trends, and Forecasts 2020-2026 - Key Players are Cisco Systems Inc., IBM Corporation, and Huawei - ResearchAndMarkets.com
ResearchAndMarkets.com s offering.
The German data center market was valued at USD 5.63 billion in 2020, and it is expected to reach USD 7.33 billion by 2026, registering a CAGR of 4.69% during the forecast period (2021-2026).
Big data and IoT technology will increase investments in the data center market as enterprises in Germany are observing high data generation across industries, such as BFSI, IT and Telecom, Healthcare, and Government and Defense.
The implementation of the General Data Protection Regulation (GDPR) also acts as a driver for data center investment and regional cloud network development in Germany. For instance, Microsoft opened its cloud region in Switzerland (2018), Germany (2019), and is planning to open a cloud region in Norway (2020).