Data Center - Hungary

Hungary

Revenue in the Data Center market is projected to reach US$625.30m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$413.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.53%, resulting in a market volume of US$805.30m 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.

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Market

Region

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Analyst Opinion

The Data Center market in Hungary has been experiencing significant growth in recent years. Customer preferences for reliable and secure data storage, along with the increasing demand for cloud services, have been driving this trend. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the Data Center market in Hungary. Customer preferences in Hungary have shifted towards outsourcing data storage and management to third-party providers. This is mainly due to the need for reliable and secure data storage, as well as the increasing complexity of managing data in-house. Data Centers offer advanced security measures, such as fire suppression systems, surveillance cameras, and biometric access controls, which meet the high standards required by customers. Furthermore, the growing demand for cloud services has also contributed to the expansion of the Data Center market in Hungary. Cloud services require large-scale data storage and processing capabilities, which are efficiently provided by Data Centers. Trends in the market indicate that the demand for Data Centers in Hungary will continue to grow in the coming years. This is driven by the increasing amount of data generated by businesses and individuals, as well as the need for faster and more reliable access to this data. The adoption of emerging technologies, such as artificial intelligence and the Internet of Things, also contributes to the growth of the Data Center market, as these technologies require robust data storage and processing capabilities. Local special circumstances in Hungary have also played a role in the development of the Data Center market. The country's strategic location in Central Europe makes it an attractive destination for international businesses looking to expand their operations in the region. Hungary has a stable political and economic environment, which provides a favorable business climate for Data Center operators. Additionally, the government has implemented policies to support the growth of the digital economy, including the establishment of technology parks and the provision of financial incentives for data center investments. Underlying macroeconomic factors have further fueled the growth of the Data Center market in Hungary. The country has experienced steady economic growth in recent years, which has increased the demand for digital services and data storage. Furthermore, the availability of skilled IT professionals in Hungary has made it an attractive destination for Data Center operators, who require a highly skilled workforce to manage and maintain their facilities. In conclusion, the Data Center market in Hungary is experiencing significant growth due to customer preferences for reliable and secure data storage, the increasing demand for cloud services, local special circumstances, and underlying macroeconomic factors. The market is expected to continue expanding in the coming years, driven by the growing amount of data generated by businesses and individuals, as well as the adoption of emerging technologies.

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.