Germany data center colocation market is estimated to grow considerably at a CAGR of 13.7% during the forecast period. Germany is the second-most populous country in Europe. The country is also one of the leading exporters of machinery, vehicles, chemicals, and household equipment. Due to these factors, a significant need for data centers to store the data within the country is observed. This may lead to a rise in investment in the future in cyber protection, backup, and recovery. The country is the major economy in the region and has several big data analytics companies in the country which are using the facility of data centers colocations. Some key companies are XenonStack, TrendLine Global, Datapine, Intetics, Dinarys LLC, and Dimensional Insight and so on.
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The emergence of new regulations regarding data security concerns is also playing a vital role in the growth of demand for data center colocations in the country. New regulations force the organizations to store their data within the country which addresses the demand for data center colocation services within the country. In May 2018, along with the EU’s GDPR, the new German Privacy Act (BDSG-new) also came into force. The new law resembles the GDPR and provides rules and regulations related to data processing and storage. The GDPR allows the EU-member countries to pass national privacy rules to supplement, specify and modify the GDPR. These factors offer a potential growth to the data center colocation market in Germany.
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The companies which are contributing to the growth of Germany data center colocation market include AT&T, Inc., Equinix, Inc., Digital Realty Trust, Inc., IBM Corp., and Verizon Communications Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Market Segmentation
Germany Data Center Colocation Market by Solution Type
• Retail Colocation
• Wholesale Colocation
Germany Data Center Colocation Market by Verticals
• BFSI
• IT & Telecom
• Healthcare
• Government and Defense
• Others (Media and Entertainment)
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