The Netherlands colocation market is projected to witness a compound annual growth rate of 16.90% during the forecast period, reaching a total market size of US$7.321 billion in 2023 from US$2.869 billion in 2017. Netherlands is one of the most advanced markets for data center operation in Europe, and the country is also one of the top users of cloud computing services in the region. Increasing adoption of big data analytics across different industry verticals is expected to increase the demand for colocation during the forecast period.
In addition, use of cloud computing service by the individuals in the country has increased from 31% in 2014 to 46% in 2017 (Source: Statistics Netherlands), with majority of them using storage services for storing images and text documents with the proportion increasing from 87% to 90% and 58% to 59% from 2015 to 2017 respectively. Thus, the continuous increase in the number of individuals using colocation services along with the recent opening of data centers in the country is projected to drive the Netherland colocation market in the coming years.
Impact of Growing Investment In IT Infrastructure On Colocation Market :
Information and communications technology is the heart of the digital economy, it is estimated that the increasing investments in information and communications technology will positively impact the colocation market during the forecasted time period. Growth in the ICT sector is increasingly driven by software production and services, with the services accounting for more than 80% of total ICT value added. (Source: Organisation for Economic Co-operation and Development (OECD)). Rising investment expenditure by Governments as well as business enterprises in the ICT sector across the country are further augmenting the colocation market.
In fact, Netherlands is considered as one of the most wired companies and is a prime factor for the growth of information and communications technology companies across the country. Furthermore, investments in the infrastructure in the ICT sector is estimated to further assist the market growth opportunities owing to the increasing investments will promote the development of infrastructure as well as the services related to the ICT sector. Moreover, Netherlands is the home for renowned global gaming companies and burgeoning expenditures in R&D for more advanced data centers is further expected to augment the market growth opportunities for colocation service providers over the next five years. we have covered market research of this market owing growing digital economy of netherland.
Netherlands Colocation Market Forecast By Industrial Vertical :
By industry vertical, the Netherlands colocation market has been segmented as Banking and Financial Services, Manufacturing, Communication and Technology, Healthcare, Government, Media and Entertainment and Others.
The communication and technology industry is expected to hold significant market share in 2017 on account of growing proliferation and penetration of mobile user subscribers and data plans resulting in significant amount of data being generated that requires to be stored cost effectively by the telecom companies. Simultaneously, manufacturing industry is expected to grow at the towering rate as a result of growing adoption big data solution while the rising ICT spending by healthcare industry is further providing the revenue generation opportunity for the colocation providers.
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