According to the industry analysis report titled ‘Europe Data Center Server Market Forecast 2027 By Application, By Type, By Data Center Size, Research Report, Country Outlook,, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe data center server market is likely to surpass a substantial valuation of USD 25 billion by the end of 2027.

Rising penetration of the internet and growing demand for large remote storage facilities for accommodating massive amounts of data generated constantly are the major factors driving Europe data center server market growth.

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Further, increasing inclination toward high-performing and efficient servers to maintain a standard of functionality among top players is also favoring an upward trend in market during the analysis timeframe.

During the COVID-19 outbreak, to contain the spread of the deadly virus, governments across the region imposed several travel restrictions. This decision had a significant impact on the transportation of raw materials as well as the operations of SMEs and data center technology providers.

However, the rising popularity of (over-the-top) OTT platforms as a form of entertainment as well as the gradual shift towards remote working modules, combined with R&D activities focusing on innovative data center solutions have unearthed new opportunities for industry expansion through the pandemic era.

Speaking of the application spectrum, the IT & telecom segment is slated to witness colossal growth during the assessment period, due to many businesses choosing colocation services that offer power & space, cooling, and physical security to storage servers & other network equipment.

Meanwhile, the BFSI segment of Europe data center server industry is anticipated to contribute a sizable share to overall revenue by 2027, attributable to the advent of online banking services that aid faster withdrawals, loan application processes, and deposits - for which banks need smooth functioning and highly efficient data centers

Geographically, the UK, Germany, the Netherlands, and France are poised to contribute significantly to industry remuneration in the coming years, on account of pervasiveness of colocation data centers in these countries and heavy investments for development of new data centers.

Key players such as Oracle Corporation, NEC Corporation, International Business Machines (IBM) Corporation, Huawei Technologies Co. Ltd., Lenovo Group Ltd., Hitachi Ltd., Hewlett Packard Enterprise Company., Fujitsu Ltd., Dell Technologies Inc., and Cisco Systems Inc. are influencing the competitive terrain of Europe data center server marketplace.

These companies are directing their resources towards improving their product/service offerings by undertaking several mergers, acquisitions, and partnership deals to keep up with the evolving trends and maintain a strong presence in the business sphere.