Data Center - Spain

Spain

Revenue in the Data Center market is projected to reach US$4.11bn in 2024.
Network Infrastructure dominates the market with a projected market volume of US$3.19bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.41%, resulting in a market volume of US$5.27bn 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 Spain has been experiencing significant growth in recent years, driven by various factors such as increasing digitalization, cloud computing, and the demand for data storage and processing capabilities. Customer preferences in the Data Center market in Spain are shifting towards more efficient and sustainable solutions. Customers are increasingly looking for data centers that offer high energy efficiency, lower carbon emissions, and renewable energy sources. This is driven by both environmental concerns and cost considerations, as energy costs are a significant factor in the operation of data centers. Additionally, customers are also demanding higher levels of security and reliability in data centers, as the importance of data protection and business continuity continues to grow. One of the key trends in the Data Center market in Spain is the increasing adoption of cloud computing. Cloud services offer flexibility, scalability, and cost efficiency, which are attractive to businesses of all sizes. As a result, there is a growing demand for data centers that can support cloud infrastructure and provide the necessary connectivity and storage capabilities. This trend is expected to continue as more businesses embrace digital transformation and rely on cloud-based services for their operations. Another trend in the Data Center market in Spain is the development of edge computing. Edge computing involves processing data closer to the source, rather than sending it to a centralized data center. This is particularly relevant in industries that require real-time data processing, such as autonomous vehicles, IoT devices, and smart cities. The growth of edge computing is driving the need for smaller, distributed data centers that can support these applications. Local special circumstances in the Data Center market in Spain include the country's geographical location and climate. Spain's strategic location between Europe, Africa, and the Americas makes it an attractive location for international data center operators looking to serve multiple markets. Additionally, Spain's warm climate provides opportunities for innovative cooling solutions, such as using seawater or renewable energy sources. Underlying macroeconomic factors that are driving the development of the Data Center market in Spain include the country's strong economic growth, increasing investment in digital infrastructure, and government initiatives to promote the digital economy. Spain has been experiencing steady economic growth in recent years, which has led to increased business activity and the need for data storage and processing capabilities. The Spanish government has also been actively promoting the digital economy through various initiatives, such as the Digital Agenda for Spain, which aims to improve digital infrastructure and foster innovation in the ICT sector. Overall, the Data Center market in Spain is experiencing growth and transformation driven by customer preferences for efficient and sustainable solutions, the adoption of cloud computing, the development of edge computing, local special circumstances, and underlying macroeconomic factors. As businesses continue to rely on digital technologies and data-driven processes, the demand for data centers in Spain is expected to continue to grow.

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.