Data Center - Serbia

Serbia

Revenue in the Data Center market is projected to reach US$563.90m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$501.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.85%, resulting in a market volume of US$735.00m 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 Serbia is experiencing significant growth and development, driven by various factors such as increasing demand for digital services, favorable government initiatives, and the country's strategic location in the region.

Customer preferences: Customers in Serbia are increasingly relying on digital services, leading to a growing demand for data center facilities. With the rise of cloud computing, big data analytics, and e-commerce, businesses and individuals require reliable and secure data storage and processing capabilities. This has led to an increased preference for data centers that offer high-speed connectivity, robust security measures, and scalable infrastructure to meet the evolving needs of customers.

Trends in the market: One of the key trends in the Data Center market in Serbia is the increasing adoption of colocation services. Many businesses are opting to outsource their data center operations to third-party providers, allowing them to focus on their core competencies. This trend is driven by the need for cost optimization, improved operational efficiency, and access to advanced technologies and expertise. As a result, colocation providers are expanding their presence in Serbia to cater to 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, there is a growing demand for edge data centers that can handle data processing and analysis closer to the source. This trend is driven by the need for reduced latency, improved performance, and enhanced security. Data center operators in Serbia are investing in edge infrastructure to meet the evolving needs of customers.

Local special circumstances: Serbia's strategic location in the region plays a significant role in the development of the Data Center market. The country serves as a gateway between Western Europe and the Balkans, making it an attractive destination for international businesses looking to expand their operations in the region. The favorable geographic location, coupled with the country's reliable power infrastructure and affordable labor costs, makes Serbia an ideal location for data center investments.

Underlying macroeconomic factors: The Data Center market in Serbia is also influenced by several macroeconomic factors. The government has implemented favorable policies and incentives to attract foreign investments in the IT sector, including data centers. These initiatives include tax breaks, grants, and simplified procedures for setting up and operating data centers. Additionally, Serbia's membership in the European Union and its efforts to improve digital infrastructure further contribute to the growth of the Data Center market. In conclusion, the Data Center market in Serbia is experiencing significant growth and development due to increasing customer preferences for digital services, the adoption of colocation and edge computing, the country's strategic location, and favorable government initiatives. These factors, combined with underlying macroeconomic factors, create a conducive environment for the expansion of the Data Center market in Serbia.

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.