United Kingdom Data Center Market is expected to Register a Steady CAGR during the forecast period, 2024-2028
Growing 5G infrastructure along with digitalization across
the country are likely to drive the Data Center Market during the forecast
period, 2024-2028 across United Kingdom.
According to TechSci Research report “United Kingdom Data Center Market - By Region,
Competition, Forecast & Opportunities, 2018-2028F”, the United Kingdom Data
Center Market is expected to register robust growth during the forecast period
2024-2028. Data protection is a worldwide concern, and it is quickly
becoming a priority for the United Kingdom government. The necessity for data
localization under the Cybersecurity Law, as well as the need for faster
processing speed to help the country consumers, are the primary reasons that
are expected to dramatically increase demand for data centers in the United
Kingdom. The United Kingdom government's preference for digitalization and
cloud services adoption has increased demand for data centers around the
country, which is projected to act as a driver for the expansion of the United
Kingdom Data Center market during the forecast period.
Furthermore, the migration of company
data to cloud platforms is driving the United Kingdom data center market. This
has resulted in a rise in the usage of data storage solutions, which is
projected to favorably affect market development. Furthermore, rising usage of
big data solutions, IoT, and cloud-based solutions, among other things, is predicted
to drive market expansion through 2028. Increased investment in data center
infrastructure and technological improvements are likely to generate attractive
prospects for market growth through 2028.
The United Kingdom data center market is
divided into solution, type, end user industry, and geographical segments. Based
on solution, the market is further divided into IT infrastructure, general
infrastructure, electrical infrastructure, mechanical infrastructure, and others.
The IT Infrastructure has showcased the lucrative market growth in 2022 because
of rising demand for digital infrastructure projects in industries such as
banking/fintech, telecommunications, energy, smart agriculture, and government.
Moreover, involvement of Department for Digital, Culture, Media, and Sport
(DCMS) for leading the program of nationwide gigabit broadband and the ambition
of country to achieve at least 85% gigabit coverage by 2025 and at least 99%
gigabit coverage by 2030. According to worldwide trend for cloud technology,
there is increased interest and demand for cloud services among the region’s enterprises
as United Kingdom is the Europe’s largest data market. IT technical training
and IT consulting, management, software/enterprise applications (ERP and CRM systems,
finance, and accounting software), data centers and data storage, and online
services are all opportunities for service providers.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "United Kingdom Data Center Market”
Due to their proximity to end customers,
Hemel Hempstead, Slough and Dagenham in United Kingdom are the chosen places
for data center development. The data localization requirement under United
Kingdom's Law on Cybersecurity, which requires both local and foreign companies
collecting, exploiting, analyzing, and processing personal data, data about
relationships of users, or data generated by users in United Kingdom, is
important to note for foreign businesses conducting operations in the United
Kingdom. The key justifications for having a data center in the United Kingdom
are the demand for data localization as well as the need for faster processing
speed to help United Kingdom users.Government efforts and projects were the
primary drivers of the expansion in the United Kingdom data center industry. To
catch up with other nations in the data center business, United Kingdom must,
however, undertake a number of reforms, most notably by creating clear rules to
oversee and advance this industry and to enhance the United Kingdom Data
Center market.
United Kingdom Data Center Market is
divided based on solution, type, and end-user. Based on solution, the market is
further bifurcated into IT infrastructure, general infrastructure, electrical
infrastructure, mechanical infrastructure, and other. Based on type, the market
is further bifurcated into corporate and web hosting. Based on end user industry,
the market is further segmented into information technology & telecom, government,
BFSI and healthcare and others.
Key market players in the United Kingdom
Data Center market include:
- Ark Data Centres Limited
- China Mobile International (UK) Limited
- Digital Realty Trust, Inc.CyrusOne (UK) Limited
- Vantage Data Centers (UK) Limited
- NTT Global Data Centers EMEA UK Ltd.
- Interxion Holding NV
- ST Telemedia Global Data Centres (VIRTUS Data Centres)
- Echelon Data Center
- Equinix (UK) Limited
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“London, the city with the
largest residing population in the United Kingdom holds the largest market
share in the United Kingdom data center market. The introduction of 5G networks and
cloud services will strengthen the region's digital economy and increase demand
for high-bandwidth networking infrastructure. For instance, in February 2023, The
VyOS Networks Corporation has released the VyOS Universal Router accessible to
everyone on the private cloud infrastructures of AWS Outposts and Microsoft
Azure Stack Hub in the UK.. In addition, the huge volume of internet traffic
and the presence of several cloud services providers are further driving the
market growth. The continuous investments from colocation providers such Equinix,
Inc., Knight Frank LLP, Echelon Data Center, NTT Global Data Centers and among
others are propelling the growth in data centers. Moreover, the implementation
of the cybersecurity-related data localization law, which requires operators to
build local data centers in United Kingdom, has been a key element in the
growth of the United Kingdom data center market,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
United Kingdom Data Center Market by Solution
(IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical
Infrastructure and Other), By Type (Corporate and Web Hosting), By End User
Industry (Information Technology & Telecom, Government, BFSI, Healthcare
and Others), By Region, Competition, Forecast & Opportunities, 2028F has evaluated the future
growth potential of the United Kingdom Data Center Market and provides
statistics & information on market size, structure, and future market
growth. The report's goal is to give current market knowledge and assist
decision makers in making informed investment decisions. Furthermore, the study
identifies and analyses emerging trends, as well as key drivers, challenges,
and opportunities in the United Kingdom Data Center market.
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