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CHICAGO, April 29, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this Western Europe and Nordic data center market report.
The Western Europe and Nordic data center market is expected to grow at a CAGR of approximately 4% during the period 2020-2026.
Key Highlights Offered in the Report:
The Western Europe and Nordic data center market contributed to over 20% of the global investment in 2020. Netherlands and Germany were top countries, receiving over 30% of the overall investments in the region.
COVID-19 had a varied impact on the Western Europe & Nordics data center market, with countries such as Frankfurt, London, Amsterdam, and Paris witnessing a lower impact compared to Italy and Spain, that faced higher data center construction and operational impediments in the first half of 2020.
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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Africa Data Center Market Report
The Africa data center market by investment is expected to grow at a CAGR of approx. 15% during the period 2020-2026.
The Africa data center market size by investment was valued at USD 2 billion in 2020 and is expected to USD 5 billion by 2026, growing at a CAGR of 15% during 2021-2026. The data center market expects to observe growth because of the flurry of factors - renewable power availability, smart city initiatives, and increased support for the digital economy.
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The U.S. data center market by investment is expected to grow at a CAGR of approx. 3% during the period 2020-2026.
The market is witnessing growth on account of the growing popularity of IoT, the emergence of 5G networks, the COVID-19 pandemic, and the increasing demand for fast streaming of online entertainment content.
During Q2 2020, some data center investments halted due to stringent rules imposed by the lockdown. The effect was identified to have lasted for at least a month across major data center development destinations in the US.
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United States Data Center Market Outlook 2021-2026: Expected Growth Due to Growing Popularity of IoT, Emergence of 5G Networks, & the COVID-19 Pandemic prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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