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

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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

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All 8 Halls of the Main Venue of the 31st China (Guzhen) International Lighting Fair Open, with the New Hall H Showcasing Nearly 100 Unique Lighting Brands

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2 hours ago

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October 5, 2024

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ZHONGSHAN, China, Oct. 5, 2024 /PRNewswire/ — As the golden autumn season peaks, the lighting industry gathers once again. The 31st China (Guzhen) International Lighting Fair will take place from October 22 to 26 in Guzhen Town, Zhongshan City, Guangdong Province. Held during the prime time for global production and sales, this event will inject renewed strength and innovative energy into the lighting industry supply chain.

Expansion and Upgrades: Grand Opening of 8 Exhibition Halls

The main venue of this year’s event, the Guzhen Convention and Exhibition Center, will follow an exhibition-store linkage model and collaborate with eight major lighting megastores within the town: Lihe Lighting Expo Center, Huayi Plaza, Star Alliance Global Brand Lighting Center, Era Lighting Center, Guzhen Chang’an Lighting Parts & Electronic City, Caosan International Lighting Parts City, Guyi Ruifeng International Lighting Fittings City, and Guyi Qingfeng LED Lighting Trading City. This “1+8+N” setup forms an expansive exhibition and sales framework and brings together over 3,500 brands and tens of thousands of industry professionals. With the perfect convergence of timing, location, and talent, the Fair will create a one-stop, 1.5 million-square-meter procurement event through an integrated exhibition, sales, and online platform.

With the full opening of the Shenzhen-Zhongshan Link, a new “golden zone” filled with business opportunities is rapidly emerging, which brings fresh growth prospects to Guzhen’s lighting industry.

The 31st China (Guzhen) International Lighting Fair is aligned with this era of rapid development and serves as a bridge for regional economic cooperation. In response to the high demand for exhibition space at the main venue in recent years, this year’s event introduces a new comprehensive Hall H, located west of Hall A, covering an exhibition area of 3,400 square meters. With all eight halls in the main venue opening simultaneously, the Fair will feature over 1,000 exhibitors and offer products that span the entire lighting industry supply chain. The event will focus on three major industry trends: smart lighting, green and low-carbon technologies, and integrated innovation, thereby driving the development of a new ecosystem for the lighting industry.

New Debuts: Nearly 100 Brands Shine in Hall H

The newly added Hall H has generated immense excitement, with nearly 100 high-quality enterprises already on board. They aim to drive business growth, expand market reach, and enhance their brand visibility and influence within the industry.

Hall H features a diverse range of product categories and companies across various tiers and showcases the platform’s strength in specialization, precision, uniqueness, and innovation.

It includes both large, well-known partners from Shenzhen and local “government project suppliers.” For example, Shenzhen Zongyou Technology Co., Ltd. specializes in manufacturing and selling portable wireless charging sockets and waterproof safety power strips and boasts over 30 invention patents and patent protection in 135 countries. They have long-standing collaborations with major brands like BYD, Haier, and Midea. Another participant is Zhongshan Dao Ba Lighting, established in 2016, with a 6,000-square-meter eco-friendly factory producing streetlight modules and solar lamps, which have earned certifications such as CE and RoHS.

The products on display in Hall H cater to both online platforms and cross-border e-commerce, featuring best-sellers as well as globally popular, patent-winning innovations. For example, Zhongshan Renzhao Lighting, a company specializing in desk lamps and nightlights, stands out with its distinctive products. For many years, they have supplied online platforms and cross-border e-commerce, earning the favor of numerous buyers due to their wide variety, stable quality, and quick delivery times. Another standout is HCNT from Zhaoqing City, an established company founded in 1999. HCNT holds domestic and international patents for magnetic levitation technology, and its products—such as magnetic levitation globes and desk lamps—are in high demand, with sales spanning both domestic and overseas markets.

The exhibitors at Hall H not only include research-driven companies from Shenzhen that integrate artificial intelligence with hardware engineering but also local providers offering mid-to-high-end custom engineering solutions. For instance, Shenzhen Index Tech uses artificial intelligence to generate hardware products and provides engineers with intelligent and efficient tools and platforms to shorten the path from concept to realization. Guangdong Weimi Intelligent Technology, which specializes in various power supplies, offers CE, CB, CCC, and RoHS-certified products, enjoys several new patents, and delivers comprehensive power supply solutions.

The Fair also features a number of national high-tech enterprises. Jiangmen Bright Lighting Technology, for example, produces lighting solutions for cultural tourism projects, roads, and factories. Foshan Zhengliang Optics, with over 20 years of experience, will showcase its newly developed secondary optical solutions, including optical lenses and reflective cups. Moreover, several outstanding brands from niche sectors will be present, such as Jiangmen Lingcheng Lighting, which specializes in explosion-proof lamps, and Guzhen Liancangzhiguang Lighting, known for its PLC stair light controllers.

From October 22 to 26, join us to witness the latest industry trends, marvel at cutting-edge innovations, admire the prowess of top enterprises, and envision the future of the industry. Let’s experience the charm of the Guzhen Lighting Fair and help craft a glorious new chapter for the lighting industry.

View original content:https://www.prnewswire.com/apac/news-releases/all-8-halls-of-the-main-venue-of-the-31st-china-guzhen-international-lighting-fair-open-with-the-new-hall-h-showcasing-nearly-100-unique-lighting-brands-302268133.html

SOURCE China (Guzhen) International Lighting Fair

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Verbal Selected for Healthworx 2024 Accelerator Cohort

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October 5, 2024

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SAN FRANCISCO, Oct. 4, 2024 /PRNewswire/ — Verbal, a leading innovator in healthcare AI solutions, today announced its invitation to join the 2024 Healthworx Accelerator cohort. As part of this selective program, Verbal will receive the mentorship, resources, and industry connections needed to advance its mission of enhancing quality and productivity for payers and providers across the healthcare ecosystem .

Healthworx Accelerator: Driving Innovation in Healthcare

Healthworx, the innovation arm of CareFirst BlueCross BlueShield, launched its accelerator to support startups transforming healthcare. This year’s cohort features visionary companies tackling healthcare’s biggest challenges, from improving patient outcomes to reducing costs and increasing efficiency.

Healthworx 2024 Accelerator

“We are honored to join the Healthworx 2024 Accelerator,” said Waleed Mohsen, CEO of Verbal. “This opportunity will help us accelerate our mission of improving quality and productivity for payers and providers. We’re excited to collaborate with industry leaders and fellow innovators to make a positive impact.”

Verbal’s Growth through Strategic Partnerships and Expert Guidance

As part of the program, Verbal will gain strategic partnerships, tailored support, and guidance from healthcare leaders. Verbal will also work with Healthworx’s network of experts, investors, and veterans to refine its offerings and expand its reach.

 The 2024 Cohort in Health Technology and Digital Health

The 2024 cohort includes startups across health technology and digital health, all poised to disrupt traditional healthcare and bring innovative solutions to market. The program offers hands-on support, positioning startups for rapid growth and impact.

For more information about Verbal’s participation in the Healthworx 2024 Accelerator, please contact hello@tryverbal.com. 

About Verbal

Verbal is the first AI Copilot for Clinical Operations, designed to help healthcare organizations boost revenues and productivity by automating training, quality assurance (QA), and clinical documentation—all within one holistic platform. Verbal is currently supporting customers in mental health, chronic condition management, substance use disorder, maternal health, and many other areas. It has already helped organizations double adherence to best practices, reduce time spent on administrative tasks by 74%, and gain 100% visibility into patient interactions.

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SOURCE Verbal

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hsbcad and Moducore™ Announce New Strategic Collaboration

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6 hours ago

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October 4, 2024

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GENT, Belgium and STANWOOD, Wash., Oct. 4, 2024 /PRNewswire/ — hsbcad and Moducore announced today a new strategic collaboration to accelerate innovation in the offsite manufacturing industry. hsbcad is the leading global software solution provider for offsite timber construction. Moducore, a part of the 4Ward Solutions Group of companies, is the premier provider of operating systems for the offsite manufacturing industry.

hsbcad and Moducore announced today a new strategic collaboration to accelerate the offsite manufacturing industry.

hsbcad’s extensive software platform supports companies by facilitating computer-aided design (CAD), offsite manufacturing, onsite assembly, and compliance with the construction industry’s rapidly emerging Building Information Modelling (BIM) standards. Michael Marzy, Business Development Manager at hsbcad said about this new collaboration “We are pleased to have the opportunity to cooperate with one of the market leaders in the field of ERP. This solution between hsbcad and Moducore allows users to transfer material data from their design directly into the ERP system, making the workflow even more direct and seamless. This brings the industry a great deal closer to the idea of true DfMA.”

Moducore CTO and Co-Founder, Jordie Puchinger, said “This partnership with hsbcad takes us one step closer to our mission of simplifying the offsite manufacturing industry by connecting people, processes and equipment. Our collaboration underscores our commitment to bridging the gap between design, the material supply-chain, and production. The hsbcad integration enables our customers to go from CAD to Purchase Order with the click of a button, unlocking tens of thousands of dollars in potential savings per project.”

About hsbcad
With 30+ years of industry experience, hsbcad is a global software solution provider for offsite timber construction companies with the purpose of reshaping today’s construction industry into a sustainable and innovative tomorrow. hsbcad has always looked to break the boundaries of current technology to deliver the most efficient, flexible, and user-friendly software solution as required in the offsite timber construction industry. hsbcad’s range of solutions for design, manufacturing and assembly ensure compliance with the construction industry’s rapidly emerging Building Information Modelling (BIM) standards. Headquartered in Ghent, Belgium, hsbcad’s global team comprises 70+ people, spread throughout their international subsidiaries in Germany, The Netherlands, The UK, The USA, Canada, Japan, Ecuador, and Australia.

For more information, visit hsbcad.com and follow us on LinkedIn, Facebook, Instagram, and YouTube.

About Moducore, LLC
Moducore, LLC is the premier end-to-end cloud-based solution for the offsite manufacturing industry. With our purpose-built platform, Moducore singlehandedly helps offsite companies consolidate their activities at the backend and frontend of their projects. Moducore’s robust data sets, real-time information and in-depth functionality unlock the offsite manufacturing industry’s ability to accelerate growth and recognize efficiencies not previously measured.

For more information on Moducore, visit their website at https://moducore.com.

Visit us at the BCMC show in Milwaukee, WI October 7-11. hsbcad will be in booth #905 and Moducore in booth #309.

Media Contact
Jordie Puchinger 
pr@moducore.com 

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SOURCE Moducore, LLC

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