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What Is Happening In the Data Center Market in Germany?
As per research, the data center market in Germany is all set to experience a CAGR of about 5% from 2018 to 2024. The German data center industry presents an exciting scenario marked by more and more investments pouring in and a surge of technological advancements.
FREMONT, CA: The German data center market appears to be at the top in the EMEA region. Enterprises are attracted to Germany owing to the massive expansion opportunities prevailing in the nation. These evident opportunities have caused more investments to pour into the country.
Also, Germany is likely to witness the biggest digitalization paving the way for development in cloud services within the forthcoming years. Finance and healthcare would be the most potential growth markets as far as data center development is concerned in Germany.
Germany is the fifth-biggest digital economy across the globe. As more and more enterprises resort to the cloud, more investments come pouring in towards addressing the critical challenges in the country’s data center market. Germany’s current dominance is expected to continue as a data center hub.
The biggest challenge has been attracting the best talent to develop a partner eco-system for delivering the highest development standards for both customers and enterprises. Additionally, creating awareness of building trust within cloud solutions in more conventional sectors has to be prioritized. Such conventional enterprises exhibit significant reliance on on-premise technologies by showcasing the probable benefits that consumers are already experiencing.
The Future of Germany as a Potential Hub
Investors and enterprises plying in Germany convey that the nation more or less shows a stable position with respect to its data center analytics sector. However, the exact way the country will head towards the future seems to be uncertain, though its dominance in the data center might continue to prevail. The factors that would continue to shape the future of the data center market in the country include the potential of risk, legal, or technical requirements.