Published on: May 2022
The Changing Face of Data Center Companies
With the pandemic cases escaping up the graph, our data consumption needs have climbed up the apogee. In no small measure, from customer service to internal operations, scores of operations in every business are driven by cloud-based solutions. With the stealth attack in the modern advancing world, there is a dire need of the data center companies.
The data center market in the western Europe has witnessed a sudden spurge in the profits, with increased investments in countries such as Italy, Belgium, and Switzerland. While data centers are supposed to be disaster-proof, the pandemic has created additional issues in terms of staffing, supply chains, and access management. Data centers have become a prime target for threat actors as mission-critical services and workloads migrate to cloud computing infrastructure. Advanced cyber attacks continue to interrupt corporate operations, damage critical data assets, and create unscheduled data center outages, and, in the worst-case scenario, hold firms hostage.
Growth of the European Data Center Companies
Data is the new money in today's fast-paced digital era, and it's rising at an exponential rate. The pandemic has increased our data consumption needs over the last year. It is very significant to stay abreast of the changing technology and the trends. In no small measure, the dad center companies are here to stay.
Companies that provide data centers are in high demand all over the world. The global market is booming, with Technavio analysts forecasting a $280 billion growth in market value between 2019 and 2023. Over this time period, Europe may expect a respectable CAGR of 11%, with growth picking up in the next few years. Western Europe accounts for the majority of this market and is predicted to account for more than three-quarters of its expansion in the coming years.
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