Storage - Netherlands

  • Netherlands
  • Revenue in the Storage market is projected to reach €0.74bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.70%, resulting in a market volume of €1.23bn by 2029.
  • The average Spend per Employee in the Storage market is projected to reach €72.41 in 2024.
  • In global comparison, most revenue will be generated in the United States (€22,190m in 2024).

Key regions: United Kingdom, Brazil, India, China, Indonesia

 
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Analyst Opinion

The Data Center market in the Netherlands is facing a negligible decline in growth rate due to factors such as the saturation of the market and increasing competition. Despite this, the demand for storage solutions remains strong, driven by the increasing amount of data generated by businesses and individuals. This has led to a rise in the adoption of digital storage technologies, further contributing to the growth of the market.

Customer preferences:
The rising demand for cloud-based data storage solutions has been driven by the growing need for remote work and online collaboration tools. This trend is expected to continue as more companies shift towards a hybrid work model. Additionally, the increasing adoption of Internet of Things (IoT) devices and the subsequent data generated has also fueled the demand for efficient and secure storage solutions. This shift towards cloud-based storage solutions is also influenced by the need for scalability and cost-effectiveness in managing data storage.

Trends in the market:
In the Netherlands, the Storage Market within the Data Center Market is seeing a rise in demand for cloud storage solutions, as businesses are increasingly adopting cloud-based infrastructure. This trend is expected to continue as more companies shift towards remote work and digitalization. Additionally, the adoption of artificial intelligence and big data analytics is driving the need for more storage capacity. This has significant implications for industry stakeholders, as they will need to invest in expanding their storage capabilities and adapting to the changing market landscape. It also presents opportunities for new entrants and innovative solutions in the market.

Local special circumstances:
In the Netherlands, the Storage Market within the Data Center Market is heavily influenced by the country's strong focus on sustainability and renewable energy. As a result, data center operators are increasingly adopting energy-efficient storage solutions and implementing green data center practices. Additionally, the Netherlands has a highly connected population and a favorable regulatory environment for data privacy, making it an attractive location for data center investments. Furthermore, the country's central location in Europe and its well-developed digital infrastructure make it a strategic choice for international data center providers.

Underlying macroeconomic factors:
The Storage Market within the Data Center Market in the Netherlands is heavily influenced by macroeconomic factors such as the country's stable economic growth, favorable regulatory environment, and strong investment in digital infrastructure. These factors have contributed to the increasing demand for data storage solutions in the country, as businesses and organizations strive to keep up with growing data volumes. Additionally, the Netherlands' strategic location and advanced telecommunications infrastructure make it an ideal location for data centers, leading to further growth in the Storage Market within the Data Center Market.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Visión general

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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