Data Center - Montenegro

Montenegro

Revenue in the Data Center market is projected to reach US$39.84m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$24.69m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.82%, resulting in a market volume of US$51.88m 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

Region comparison

Currency

Analyst Opinion

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

Customer preferences: Customers in Montenegro are increasingly demanding reliable and secure data center services. They prioritize data security and the ability to access their data quickly and efficiently. This is driving the demand for state-of-the-art data centers that can meet these requirements. Additionally, customers are also looking for data centers that offer scalable solutions, allowing them to easily expand their operations as their needs grow.

Trends in the market: One of the key trends in the data center market in Montenegro is the increasing adoption of cloud computing. Organizations are recognizing the benefits of cloud services, such as cost savings, scalability, and flexibility. As a result, there is a growing demand for data centers that can support cloud infrastructure and provide the necessary connectivity and storage capabilities. Another trend in the market is the rise of edge computing. Edge computing allows for data processing and storage to be done closer to the source, reducing latency and improving performance. This is particularly important for applications that require real-time data processing, such as Internet of Things (IoT) devices and autonomous vehicles. As a result, data centers in Montenegro are incorporating edge computing capabilities to meet the needs of these emerging technologies.

Local special circumstances: One of the unique aspects of the data center market in Montenegro is its strategic location. Montenegro is located in the Balkans, making it a gateway between Europe and the Middle East. This geographic advantage positions Montenegro as an attractive location for multinational companies looking to expand their operations in the region. The government of Montenegro has recognized this opportunity and has been actively promoting the country as a data center hub, offering incentives and favorable tax policies to attract foreign investments.

Underlying macroeconomic factors: The growing data center market in Montenegro is also influenced by several macroeconomic factors. The country has been experiencing steady economic growth, which has led to an increase in business activities and the need for reliable data storage and processing. Additionally, Montenegro is investing in its digital infrastructure, including the development of high-speed internet connectivity, to support the growing demand for data center services. In conclusion, the Data Center market in Montenegro is developing rapidly due to customer preferences for reliable and secure data center services, the adoption of cloud computing and edge computing, the strategic location of the country, and favorable macroeconomic factors. This growth presents opportunities for both domestic and international data center providers to expand their operations and cater to the increasing demand for data storage and processing services in Montenegro.

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.