Europe Data Center Colocation Market Size, Share, Growth Analysis, By Type(Retail, Wholesale ​), By Tier(Tier 1, Tier 2, Tier 3, Tier 4), By Enterprise Size(Large Enterprises, Small and Medium-sized Enterprises), By End Use(Retail, BFSI, IT & Telecom, Media & Entertainment), By Country(United Kingdom, Germany, France, Italy), By Region - Industry Forecast 2024-2031

Europe Data Center Colocation Market size was valued at USD 15.92 billion in 2022 and is poised to grow from USD 18.41 billion in 2023 to USD 56.99 billion by 2031, growing at a CAGR of 15.20% in the forecast period (2024-2031).

The Europe data center colocation market is experiencing substantial growth due to the increasing demand for data storage, processing, and connectivity. Colocation services involve renting space within a third-party data center facility to host IT infrastructure. This approach allows businesses to save on costs associated with building and maintaining their own data centers.

Europe's thriving digital economy, widespread adoption of cloud computing, and increasing data traffic have propelled the demand for colocation services. The region's strategic location, connectivity, and stringent data protection regulations also attract multinational companies seeking secure and reliable data storage solutions.

Countries like the UK, Germany, and the Netherlands are key players in the market, hosting major data centers and serving as important connectivity hubs. Additionally, the growing popularity of hybrid and multicloud strategies is further driving the adoption of colocation services. With the ongoing digital transformation across industries and the increasing need for scalable and efficient data solutions, the Europe data center colocation market is expected to continue its upward trajectory.

Europe Data Center Colocation Market is poised to grow at a sustainable CAGR for the next forecast year.