The Europe data center colocation market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 25 billion by 2026. Europe data center colocation market trends are bringing in an optimistic perspective, thanks to the growing adoption of on-demand internet services. Increased internet usage fueled by work-from-home tendencies will favor the deployment of data center servers across the region. Reportedly 80% of adults in the European Union (EU) accessed the internet every day in 2020.
Because of the rising demand for internet services and assistance in the movement and storage of huge amounts of data at rapid speeds, data centers have become an indispensable need of the time. As data colocation services are used to secure storage, servers, and different networking devices and assist businesses in renting critical IT infrastructure at reasonable costs, the growing data volume is pushing their demand. A strong IT and telecommunications network will fuel the expansion of the data center colocation market outlook over the next five years.