Technology

European Data Center Market to Grow by USD 291.7 Billion (2024-2028), with AI-Driven Insights on Impact of Data Protection Regulations – Technavio

Published

3 months ago

October 4, 2024

NEW YORK, Oct. 4, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Data Center Market in Europe size is estimated to grow by USD 291.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 26.9% during the forecast period. Imposition of data protection regulation is driving market growth, with a trend towards hybrid and multi-cloud environments. However, cyber security issues poses a challenge – Key market players include Alphabet Inc., Amazon.com Inc., Apple Inc., Cogeco Communications Inc., Colt Technology Services Group Ltd., Data4 Group, Deutsche Telekom AG, Digital Realty Trust Inc., Equinix Inc., Switch Ltd., GTT Communications Inc., International Business Machines Corp., Meta Platforms Inc., Microsoft Corp., NTT Communications Corp., Pulsant Ltd., QTS Realty Trust LLC, SITRONICS JSC, and Verizon.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Medium and small enterprises and Large enterprises), Component (IT infrastructure, Power management, Cooling solutions, General construction, and Others), and Geography (Europe)

Region Covered

Europe

Key companies profiled

Alphabet Inc., Amazon.com Inc., Apple Inc., Cogeco Communications Inc., Colt Technology Services Group Ltd., Data4 Group, Deutsche Telekom AG, Digital Realty Trust Inc., Equinix Inc., Global Switch Ltd., GTT Communications Inc., International Business Machines Corp., Meta Platforms Inc., Microsoft Corp., NTT Communications Corp., Pulsant Ltd., QTS Realty Trust LLC, SITRONICS JSC, and Verizon

Key Market Trends Fueling Growth

In Europe, the data center market has seen a notable trend towards modular data centers in the past five years. These pre-fabricated solutions offer enterprises the flexibility and scalability they need to adapt to changing IT infrastructure demands. Firms like Flexenclosure and Schneider Electric provide modular data center options, catering to clients in Europe and developing markets. Commercial and governmental initiatives are driving the adoption of modular data centers in Europe. The COVID-19 pandemic further highlighted their importance, enabling businesses to quickly deploy these solutions and support remote workforces with minimal disruption. The modular data center industry is poised for growth due to the increasing demand for adaptable and scalable IT infrastructure, as well as the expanding use of edge computing and the Internet of Things (IoT). The market is expected to flourish during the forecast period, as more businesses opt for the flexibility that modular data centers provide.

Europe’s data center market is witnessing significant trends, with a focus on renewable energy storage. Stored renewable energy is becoming essential for businesses and individuals to ensure uninterrupted power supply and reduce carbon footprint. Higher prices are driving the adoption of storage technologies like Lithium-ion batteries and long-duration solutions. Hydrogen and green-ammonia energy are also gaining traction as backup power sources. Co-location providers are partnering with renewable-energy plants to improve power efficiency. Cooling systems and computing power are also evolving with chip designs offering higher power density. Customer preferences prioritize cost savings, scalability, and flexibility. Local special circumstances require data processing solutions tailored to specific industries and regions. Digitalization is fueling the demand for edge computing, real-time data processing, and low latency. Autonomous vehicles and decentralized data centers are emerging trends, with data sovereignty regulations adding complexity to the market. Energy sources like geothermal, wave, and solar are being explored to power data center equipment. Overall, the market prioritizes cost savings, scalability, and flexibility while navigating the complexities of renewable energy integration and evolving customer needs.

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Market Challenges

In Europe, data centers face a substantial risk of cyberattacks due to the expansion of cloud computing and virtualization in businesses. Cybercriminals find data centers attractive targets, as successful attacks can lead to significant reputational damage and financial losses. The European Union (EU) has taken steps to bolster cybersecurity, requiring data center operators to implement appropriate technical and organizational measures under the GDPR for securing personal data. The EU Cybersecurity Act also established a certification structure to boost trust and confidence in data center services. Notable cyberattacks on data centers underscore the severity of this threat. Continuous attention and investment are essential to mitigate this challenge and prevent hindrance to the European data center market’s growth.Europe’s data center market is experiencing significant growth due to the digital economy and increasing internet penetration. However, hardware-related expenses and IT infrastructure costs pose challenges. Market sizes vary by country, with a top-down approach used for forecasting. Key indicators include level of digitization and IT equipment sales. Investors seek growth capital in real estate, infrastructure, and cloud vendors. Cooling equipment and network capacity are essential for data center operations. Tenants include IT companies, private equity buyers, and hyperscalers like Amazon Web Services and Google Cloud. Leasing terms, operating margins, and acquisitions of facilities by infrastructure investors and co-location companies are common. Energy consumption is a concern, with a shift towards carbon-free energy supplies, renewable energy, and carbon offsets. Sustainability goals require managing intermittency through solar and wind power and fossil-fuel supplies.

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Segment Overview

This data center market in Europe report extensively covers market segmentation by

End-user 1.1 Medium and small enterprises1.2 Large enterprisesComponent 2.1 IT infrastructure2.2 Power management2.3 Cooling solutions2.4 General construction2.5 OthersGeography 3.1 Europe

1.1 Medium and small enterprises- Data centers have become essential for businesses in Europe as the value of data grows and the digital transformation continues. Medium and small enterprises often lack the resources to build and manage their own data centers. Consequently, they turn to independent data center operators for IT infrastructure solutions. These providers offer various services, including colocation, managed hosting, and cloud computing, tailored to specific business needs. Notable market participants include Digital Realty, Interxion, and Equinix. The competition among these providers is intense, with each striving to attract customers through distinctive offerings. This competition is expected to fuel the expansion of the European data center services market for small and medium-sized enterprises during the forecast period.

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Research Analysis

The European data center market is experiencing significant growth due to increasing customer preferences for digital services, data processing solutions, and the need for businesses and individuals to store and manage large amounts of data. Local special circumstances, such as stringent regulations and energy costs, influence the market’s dynamics. Investors, both infrastructure and growth capital, are showing interest in the sector due to its potential for cost savings, scalability, and flexibility. Edge computing is also gaining traction, allowing data processing to occur closer to the source, reducing latency and increasing efficiency. Network capacity and cooling equipment are critical components of data centers, with renewable energy sources, such as wind, solar, geothermal energy, and wave energy, becoming increasingly important for powering data centers sustainably. Data center equipment, including cooling systems and computing power, is also a significant market, with advancements in chip designs and power density playing a key role in improving efficiency and reducing costs.

Market Research Overview

The European data center market is experiencing significant growth due to increasing customer preferences for digitalization and real-time data processing. Businesses and individuals alike are seeking cost savings, scalability, and flexibility through cloud solutions and co-location services. Local special circumstances, such as data processing solutions for autonomous vehicles and decentralized data centers, are driving market expansion. Key market indicators include market sizes, level of digitization, and forecasting techniques like exponential trend smoothing. Investors, including infrastructure investors and private equity buyers, are providing growth capital for new facilities and acquisitions. The market is characterized by the dominance of hyperscalers like Amazon Web Services and Google Cloud, as well as co-location companies and network capacity providers. Facility management, power and connectivity, and cooling equipment are essential components of data center operations. Renewable energy, carbon-free energy supplies, and sustainability goals are becoming increasingly important, with solar power, wind power, and hydrogen emerging as key energy sources. Hardware-related expenses, IT infrastructure, and leasing terms are significant factors in the decision-making process for tenants. Data sovereignty regulations and the digital economy are also shaping the market, with national statistical offices and key market indicators providing valuable insights. The market is expected to continue its exponential trend, with storage technologies, such as lithium-ion battery storage and long-duration solutions, playing a crucial role in addressing intermittency and higher prices.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userMedium And Small EnterprisesLarge EnterprisesComponentIT InfrastructurePower ManagementCooling SolutionsGeneral ConstructionOthersGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

RIA Growth Catalyst Partners with WealthFeed to Enhance RIA Prospecting and Acquisition with Best In Class Contact Data

Published

49 minutes ago

January 6, 2025

NEW YORK, Jan. 6, 2025 /PRNewswire/ — WealthFeed, an AI-powered prospecting platform, announced today a strategic partnership with RIA Growth Catalyst, a premier resource for helping RIAs accelerate inorganic growth. This collaboration will equip RIA Growth Catalyst users with enhanced tools, delivering up-to-date contact data and AI-driven insights to streamline RIA prospecting and acquisitions.

The partnership, launching in January 2025 and rolling out over the following months, integrates thousands of verified data points into the RIA Growth Catalyst platform. Users will gain access to critical information, including contact details, alma mater, net worth, and age — empowering them to streamline prospecting workflows, save time on data gathering, and focus on building meaningful relationships.

“Whether you’re searching for your next RIA acquisition, recruiting advisors, or building out your RIA client roster, the common denominator is human connection,” said Julien Baneux, founder and CEO of RIA Growth Catalyst. “By integrating WealthFeed’s data directly into our platform, we enable our users to focus on building relationships and achieving their growth goals.”

Sam Kendree, co-founder of WealthFeed, echoed this sentiment: “Julien and his team have built a remarkable platform that empowers RIAs to succeed in the competitive M&A landscape. By embedding WealthFeed’s insights into RIA Growth Catalyst, users will gain everything they need to thrive in their client acquisition strategies.”

To learn more about RIA Growth Catalyst’s AI-powered data platform purpose-built for inorganic acquisition, visit www.riagrowthcatalyst.com.

For media inquiries or additional information, please contact: info@wealthfeed.com.

About WealthFeed:

Based in New York City, WealthFeed is a leading SaaS Business Development platform for Financial Service Professionals. Leveraging advanced AI and data analytics, WealthFeed empowers Financial Advisors to grow their book of business, increase client retention, and grow wallet-share with current clients through our AI-powered Money-in-Motion platform. For more information, visit www.wealthfeed.com.

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SOURCE WealthFeed, Inc

Technology

ImageTrend Acquires biospatial

Published

49 minutes ago

January 6, 2025

LAKEVILLE, Minn., Jan. 6, 2025 /PRNewswire/ — Today ImageTrend announces the purchase of biospatial, based in Durham, NC for an undisclosed amount. Founded in 2017, biospatial combines EMS electronic patient care reports (ePCR) with other electronic healthcare data sources using proprietary analytics and machine learning to support the missions of public sector and commercial healthcare entities. ImageTrend’s software transforms incident data into actionable intelligence to help healthcare and emergency service providers address systemic challenges and significantly impact the communities they serve.

“By integrating our products and data assets, we’re solidifying our combined ability to deliver unparalleled insights.”

“This strategic move combines the greatest strengths of two industry leaders bringing together best-in-class data collection with analytics and insights for the healthcare and emergency services space,” said Patrick Sheahan, Chief Executive Officer of ImageTrend. “ImageTrend collects 80% of the U.S. incident data, which when combined with biospatial’s intuitive and accessible platform will deploy powerful insights to drive community health and safety. This move also brings an abundance of opportunities to both of our customers who want to consolidate software providers.”

“By integrating our products and data assets, we are not just merging technologies, but also solidifying our combined ability to deliver unparalleled insights,” said Jon Woodworth, biospatial CEO. “This strategic acquisition unlocks new potentials for innovation, driving our mission to serve our customers better and foster data-driven decisions in emergency services and healthcare.”

About biospatial
Headquartered in Durham, NC, biospatial is a distinguished healthcare analytics business with an expansive data network. The company’s platform provides biospatial customers with near real-time access to electronic patient care reports (ePCR) for EMS transports from thousands of EMS providers in over 40 US states. biospatial collects and curates over 100,000 new ePCRs daily. Utilizing proprietary analytics and machine learning, biospatial supports customers across multiple industries, enhancing awareness, informing decisions, and improving outcomes.

About ImageTrend
ImageTrend transforms incident data into actionable intelligence, empowering frontline teams to effectively manage surging demands and resource constraints, driving impactful change in the communities it supports.

Founded in 1998, the company serves more than 3,000 customers including 20,000 agencies across Fire, Emergency Medical Services and Hospital segments. With its deep industry knowledge and advanced data analytics capabilities, the software provider helps its customers streamline operations, shape long-term strategies, and dramatically improve outcomes. Its comprehensive software solutions and dedicated team provide the confidence and intelligence first providers need to tackle today’s challenges and prepare for tomorrow’s uncertainties.

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SOURCE ImageTrend LLC

Technology

TCL Unveils Next-Gen NXTPAPER 4.0 Display Technology at CES 2025

Published

49 minutes ago

January 6, 2025

Adds Advanced TCL NXTPAPER Tablet and Smartphone
to Award-Winning Portfolio

LAS VEGAS, Jan. 6, 2025 /PRNewswire/ — TCL, a pioneer in display across feature-rich smartphones, tablets, and connected devices, is elevating digital experiences to unprecedented levels at CES this year. Building on its comprehensive product ecosystem, TCL unveils the new NXTPAPER 4.0 display technology, the TCL NXTPAPER 11 Plus tablet, and the TCL 60 XE NXTPAPER 5G smartphone, marking significant advancements in enhancing visual clarity and comfort. TCL continues to ‘Inspire Greatness’ in daily life with the launch of its latest smart connectivity products, along with a strategic partnership with Microsoft to leverage advanced AI in TCL devices, reinforcing the commitment to providing users with innovative and accessible digital solutions.

The Future of Display Technology with TCL NXTPAPER 4.0

Driven by a mission to make technology more human, TCL’s pioneering NXTPAPER technology addresses everyday visual comfort challenges as screen usage continues to increase globally. With an unwavering dedication and a strong sense of purpose, TCL has been on a remarkable journey to transform the way we interact with technology.

TCL NXTPAPER 4.0 marks a significant advancement in display technology, focusing on user comfort and enhanced visual clarity. This latest release incorporates the sophisticated nano-matrix lithography technology, which improves display clarity and sharpness. Boasting a ΔE<1 true color display accuracy and 100% sRGB color gamut coverage, it ensures precise color reproduction for both general users and creative professionals, providing a more vivid and realistic experience. Thanks to advanced blue light purification and Circularly Polarized Light (CPL) technologies, the display expertly mimics natural light conditions, making the visual experience both appealing and easier on the eyes, whether for work or leisure.

TCL NXTPAPER 4.0 introduces the AI-driven Smart Eye Comfort Mode and Personalized Eye Comfort Mode. These innovative features offer an intelligent and personalized visual experience, which is capable of adjusting based on diverse usage scenarios and user preferences to optimize eye comfort, ensuring a more comfortable visual experience in daily use. By intelligently tailoring the screen’s brightness, contrast, and color temperature, it ensures optimal comfort tailored to your current activity without compromising visual quality.

Supported by leading global certification bodies such as TÜV, SGS and Eyesafe, TCL NXTPAPER 4.0 leads in offering safe, sustainable, and user-friendly display technology. It changes how we engage with digital content, providing high-quality visuals with a focus on health-centered technology.

Elevating Everyday with TCL NXTPAPER 11 Plus

Building upon the foundation set by NXTPAPER 4.0, the TCL NXTPAPER 11 Plus tablet not only upholds but advances the standards of eye comfort and display technology in personal devices. It seamlessly integrates the core advancements of NXTPAPER 4.0, bringing them to life in a format that balances performance, eye comfort, and personalization. The TCL NXTPAPER 11 Plus is designed to adapt to the diverse visual demands of modern users – from professionals needing a reliable tool for long work sessions to avid readers and multimedia enthusiasts seeking a gentler viewing experience. This tablet redefines personal viewing experience by offering a display that significantly reduces eye strain without sacrificing color accuracy or visual clarity.

Moreover, the TCL NXTPAPER 11 Plus is more than just a technological marvel; it represents TCL’s vision of a future where technology and user-centric design converge to create more human-friendly electronic environments. Its new features, including the AI-enabled Smart Eye Comfort Mode, Personalized Eye Comfort Mode, and the upgraded NXTPAPER Key, adjust to individual preferences and usage scenarios ensuring optimal comfort and efficiency. It is poised to set new benchmarks for what tablets can achieve, offering unmatched versatility and intelligence in a sleek, user-focused package. With the new TCL NXTPAPER 11 Plus tablet, experience the pinnacle of personalized, comfortable, and smart technology designed for today’s dynamic digital landscapes.

Viewing Comfort for All with TCL 60 XE NXTPAPER 5G

Another major addition to TCL’s innovative product lineup at CES is the TCL 60 XE NXTPAPER 5G, a smartphone that blends advanced display capabilities with user-focused design to set new benchmarks in digital health and comfort. The innovative NXTPAPER Key, which was first introduced at IFA 2024 on the TCL 50 PRO NXTPAPER 5G, has now come to North America. The TCL 60 XE NXTPAPER 5G, exclusive to the North American market, is adept at reducing blue light and glare to protect eyes during extended use. With the newly integrated NXTPAPER Key, users can switch to Max Ink Mode, which mimics an e-ink display that is perfect for reading. This mode delivers a paper-like viewing experience and can support up to a week of reading while silencing notifications to reduce distractions. The device also features a 6.8-inch FHD+ screen with a dynamic 120Hz refresh rate, providing fluid and immersive visuals for both reading and viewing.

The TCL 60 XE NXTPAPER 5G is designed to enhance user comfort with its Eye Care Assistant, which suggests breaks and adjusts the display for optimal viewing. Its Night Light Mode and Night-Friendly Screen adapt to varying light conditions, ensuring a comfortable viewing experience regardless of the environment. It comes with 256GB of internal storage and 8GB of RAM, which can be expanded by an additional 8GB, catering efficiently to all user requirements. For photography enthusiasts, the TCL 60 XE NXTPAPER 5G features a high-quality triple camera system with a 50MP main camera and a 32MP front-facing camera, ideal for capturing sharp photos and selfies. Enhanced with AI-powered features, the smartphone optimizes task management and efficiency, adapting seamlessly to user needs for a smoother and more responsive experience.

In addition to the TCL 60 XE NXTPAPER 5G, TCL introduces the TCL K32 smartphone, which offers a cost-effective way for more consumers to experience the benefits of 5G connectivity. With its ultra-fast speeds and seamless, stable performance, the TCL K32 ensures that advanced connectivity features are more accessible, bringing high-speed mobile technology to a broader audience without compromising quality.

A Holistic Ecosystem of Smart Solutions

With a commitment to providing users with holistic smart solutions, TCL has broadened its portable entertainment range with the previously launched TCL Projector A1. Designed for mobility, the compact and versatile TCL Projector A1 is perfect for both indoor and outdoor use, emphasizing easy transport and flexible viewing scenarios. Further enhancing its projector lineup, TCL has also unveiled the TCL PLAYCUBE, an innovative projector that sets a new standard for portable entertainment. The TCL PLAYCUBE presents the unique Magic Cube Design, a modular concept integrating aesthetics and functionality. It enhances portability and enables adjustable viewing angles. Whether at home or outdoors, it serves as a stylish item, fulfilling diverse entertainment needs and imparting modern elegance. Additionally, the built-in battery not only underscores its versatility for both indoor and outdoor use but also ensures that entertainment can be enjoyed anywhere, seamlessly integrating advanced entertainment into daily life and making it accessible and mobile.

In enhancing mobile connectivity, TCL is also proud to showcase its latest broadband solutions, which include the TCL LINKPORT IK511 5G RedCap USB Dongle and the TCL LINKHUB HH516 5G AI CPE. Currently the only commercially available 5G RedCap device in North America, the TCL LINKPORT IK511 delivers speeds up to 220Mbps and seamlessly integrates with existing 5G networks, meeting the market demand for high-performance, cost-effective 5G connectivity and accelerating the widespread adoption of 5G applications. At just 28.7g, this compact dongle is the smallest and lightest of its kind. Offering plug-and-play simplicity, broad operating system compatibility, and versatile management options, the device provides effortless convenience across both consumer and industrial (Machine to Machine) scenarios.

In addition, the TCL LINKHUB HH516 5G AI CPE router combines top hardware and AI technology, offering up to 7.01Gbps 5G downlink and 7.2Gbps dual-band Wi-Fi 7 speeds while supporting 512 connections. It features high-gain antennas and NR 4CC technology for wider coverage and faster speeds. The end-to-end AI QoS improves high-priority applications throughput by over 20% and reduces latency by over 10%. Additionally, the innovative AI ECO mode automatically adjusts power settings based on usage, reducing power consumption by over 10% compared to normal ECO mode. These improvements collectively enable consumers to experience exceptionally high network speeds and superior efficiency.

TCL’s showcase at CES 2025 highlights its unwavering commitment to innovation, presenting cutting-edge advancements across multiple product categories. By setting new industry standards, TCL is delivering smarter, and more user-friendly products that enhance the user experience and meet the evolving needs of consumers.

Pricing and Availability

TCL 60 XE NXTPAPER 5G: from $199, available in Canada from May 2025. US version to follow later this year.TCL K32: Under $100, available in US from September 2025TCL Projector A1: MSRP $499, available in USTCL LINKPORT IK511: $96, available in US at T-Mobile storesTCL LINKHUB 5G HH516: Available in H1 2025 globally

Prices may vary by country and channel.

To learn more about the TCL products announced at CES 2025, please visit: https://www.tcl.com/global/en/ces

About TCL Mobile

TCL Mobile specializes in the research, development and manufacturing of smartphones, tablets and connected devices. On a mission to deliver 5G for all, TCL Mobile helps its customers ‘Inspire Greatness’ in their lives through industry leading technology and solutions.

For more information on TCL mobile devices, please visit: https://www.tcl.com/global/en/mobile

About TCL

TCL Electronics specializes in the research, development and manufacturing of consumer electronics including TVs, mobile phones, audio devices, smart home products and appliances. Combining thoughtful design and innovative technology to inspire greatness, our lineup delivers must-have features and meaningful experiences. As one of the world’s largest consumer electronics brands, our vertically integrated supply chain, and state-of-the-art display panel factory help TCL deliver innovation for all. For more information, please visit: https://www.tcl.com

TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners.

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SOURCE TCL Communication Technology Holdings Ltd.