Data Center - Bosnia and Herzegovina

Bosnia and Herzegovina

Revenue in the Data Center market is projected to reach US$93.05m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$59.17m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.74%, resulting in a market volume of US$120.80m by 2028.
In global comparison, most revenue will be generated in the United States (US$99.16bn in 2024).

Key regions: United States, Germany, India, Japan, China

Definition:

The Data Center market is a critical segment of the technology industry focusing on supplying and managing physical infrastructure necessary for hosting and operating IT systems, primarily servers, storage, and network equipment. This market spans from traditional in-house data centers to sophisticated facilities offered by specialized providers, covering services like hosting, shared data center facilities, and managed data center solutions. It targets a diverse client base, ranging from small businesses to large enterprises, offering flexible, scalable solutions for their IT infrastructure needs. This sector is integral to the efficient functioning and security of IT operations in various organizations.

Structure:

The Data Center market is structured in three markets based on the services model provided by the companies.

The Server market covers the resources and services related to servers, integral for hosting websites, managing databases, and supporting cloud computing.
The Storage market covers the resources and services related to data storage systems, crucial for archiving, data backup, and ensuring data recovery.
The Network Infrastructure market covers the resources and services related to network hardware essential for ensuring connectivity, data transmission, and network security.

Additional Information:

The Data Center market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Market values represent revenues paid to primary vendors at the manufacturer price level either directly or through distribution channels (excluding VAT). Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Data Center market include companies such as Dell, HPE, Huawei, and Ericsson.

For more information on the data displayed, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Data Center market in Bosnia and Herzegovina is experiencing significant growth and development.

Customer preferences: Customers in Bosnia and Herzegovina are increasingly demanding reliable and secure data storage and management solutions. With the rise of digital transformation and the increasing reliance on technology, businesses and organizations are seeking efficient and scalable data center services. They are looking for data centers that can provide high-speed connectivity, low latency, and robust security measures to protect their valuable data. Additionally, customers are also placing importance on energy efficiency and sustainability, as they seek data center providers that prioritize green initiatives.

Trends in the market: One of the key trends in the Data Center market in Bosnia and Herzegovina is the increasing adoption of cloud computing. Organizations are moving away from traditional on-premises data centers and opting for cloud-based solutions. This trend is driven by the benefits of scalability, cost-effectiveness, and flexibility that cloud computing offers. As a result, data center providers in Bosnia and Herzegovina are expanding their cloud infrastructure and services to meet the growing demand. Another trend in the market is the emergence of edge computing. With the proliferation of Internet of Things (IoT) devices and the need for real-time data processing, edge computing has gained traction. Edge data centers, which are located closer to the end-users, enable faster data processing and reduced latency. This trend is particularly relevant in Bosnia and Herzegovina, where there is a growing demand for low-latency applications and services.

Local special circumstances: Bosnia and Herzegovina is strategically located at the crossroads of Europe and the Middle East, making it an attractive location for data center investments. The country offers a favorable business environment with a skilled workforce and competitive labor costs. Additionally, the government has implemented policies to promote the development of the ICT sector, including tax incentives and support for infrastructure development. These factors contribute to the growth of the Data Center market in Bosnia and Herzegovina.

Underlying macroeconomic factors: The growth of the Data Center market in Bosnia and Herzegovina is also influenced by macroeconomic factors. The country's economy has been steadily growing, and there is an increasing focus on digitalization and technology-driven industries. This creates a favorable environment for data center investments, as businesses seek to leverage data analytics and digital solutions to drive innovation and competitiveness. Furthermore, the increasing internet penetration and smartphone adoption in Bosnia and Herzegovina are driving the demand for data center services. In conclusion, the Data Center market in Bosnia and Herzegovina is witnessing significant growth and development due to customer preferences for reliable and secure data storage solutions, the increasing adoption of cloud computing and edge computing, the country's favorable business environment, and the macroeconomic factors driving digitalization and technology-driven industries.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.