Greece Data Center Market - Investment Analysis & Growth Opportunities 2024-2029

MARKET INSIGHTS

The Greece data center market will witness cumulative investments of over USD 1.34 billion by 2029, growing at a CAGR of 9.91% during the forecast period. Greece's advantageous geographical location, positioned as a pivotal nexus linking Europe, Africa, the Middle East, and Asia, positions it as a compelling destination for strategic data center investments. Among the key cities in the region, Athens stands out as a primary hub for establishing and expanding cutting-edge data center facilities, closely followed by Thessaloniki.

Greece plans to add over 730 thousand square feet of data center area during 2024-2029. Global cloud service providers like Google and Microsoft have contributed significantly in the Greece data center market to the increase in the data center area. Furthermore, in January 2023, Digital Realty planned to expand its presence in Greece by acquiring additional land outside Athens for future data center development.

Data center operators, including Microsoft, are part of the Climate Neutral Data Center Pact, pledging to transition to renewable energy sources. Furthermore, in January 2023, Microsoft initiated the construction of three data centers valued at USD 1.1 billion, with completion expected by 2025.

KEY HIGHLIGHTS

• Greece's strategic location and economic stability make the Greece data center market an attractive destination for investments, drawing major global players like Microsoft, Google, and Digital Realty.
• Once stressed by a financial crisis, Greece is now experiencing robust economic growth, attracting investors and stakeholders. Greece anticipates a 2.9% economic growth in 2024.
• Fueled by foreign investment, the ongoing digital transformation positions Greece as a regional innovation hub. The Greece 2.0 recovery plan allocates over $2.74 billion for digital transformation, aiming to make Greece a global tech hub.
• Greece is witnessing a surge in submarine cable deployments. For instance, in May 2023, Tamares Telecom and Grid Telecom unveiled their collaborative project, ANDROMEDA, a subsea cable set to link Israel, Cyprus, and Greece.
• The country is witnessing a significant improvement in its employment. In Q3 2023, Greece witnessed a 10.8% decrease in unemployment, as the Hellenic Statistical Authority reported.
• Cosmote, the largest operator in the region, aims to cover 90% of the country's population with 5G connectivity by the end of 2023.
• The Information and Communication Technology (ICT) market is projected to achieve remarkable growth, with expectations of surpassing the USD 10 billion milestone by 2027.
• Greece targets a 61% share of renewable energy in its total energy mix by 2030, per its National Energy and Climate Plan.

WHY SHOULD YOU BUY THIS RESEARCH?

• Market size is available regarding investment, area, power capacity, and Greece colocation market revenue.
• An assessment of the data center investment in Greece by colocation and enterprise operators.
• Investments in the area (square feet) and power capacity (MW) across locations in the country.
• A detailed study of the existing Greece data center market landscape, an in-depth market analysis, and insightful predictions about Greece data center market size during the forecast period.
• Snapshot of existing and upcoming third-party data center facilities in Greece
• Facilities Covered (Existing): 15
• Facilities Identified (Upcoming): 02
• Coverage: 05+ Locations
• Existing vs. Upcoming (Area)
• Existing vs. Upcoming (IT Load Capacity)
• Data Center Colocation Market in Greece
• Market Revenue & Forecast (2023-2029)
• Retail Colocation Pricing
• The Greece data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
• A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the market.
• Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market.
• A transparent research methodology and the analysis of the demand and supply aspects of the market.

VENDOR LANDSCAPE

• Some key investors in the Greece data center market include Digital Realty (Lamda Helix), Microsoft, Telecom Italia Sparkle, and Synapsecom Telecom.
• The country's construction contractors have global and local presences, which supply major operators in the Greece data center market. For instance, AECOM, LDK Consultants, ELLAKTOR GROUP, and Mytilineos S.A., among others.
• There is a slight fluctuation and variation in construction costs due to land-related activities.

EXISTING VS. UPCOMING DATA CENTERS

• Existing Facilities in the Region (Area and Power Capacity)
• Athens
• Other Cities
• List of Upcoming Facilities in the Region (Area and Power Capacity)

REPORT COVERAGE:

This report analyses the Greece data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

• IT Infrastructure
• Servers
• Storage Systems
• Network Infrastructure
• Electrical Infrastructure
• UPS Systems
• Generators
• Transfer Switches & Switchgears
• PDUs
• Other Electrical Infrastructure
• Mechanical Infrastructure
• Cooling Systems
• Rack Cabinets
• Other Mechanical Infrastructure
• Cooling Systems
• CRAC & CRAH Units
• Chiller Units
• Cooling Towers, Condensers & Dry Coolers
• Economizers & Evaporative Coolers
• Other Cooling Units
• General Construction
• Core & Shell Development
• Installation & commissioning Services
• Engineering & Building Design
• Fire Detection & Suppression Systems
• Physical Security
• Data Center Infrastructure Management (DCIM)
• Tier Standard
• Tier I & Tier II
• Tier III
• Tier IV

VENDOR LANDSCAPE

• IT Infrastructure Providers: Broadcom, Cisco Systems, Dell Technologies, Extreme Networks, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies, IBM, Juniper Networks, NEC, NetApp, Oracle, and Super Micro Computer.
• Data Center Construction Contractors & Sub-Contractors: AECOM, LDK Consultants, ELLAKTOR GROUP, Mytilineos S.A.
• Support Infrastructure Providers: 3M, ABB, Airedale International Air Conditioning, Carrier, Caterpillar, Cummins, Condair, Daikin Applied, Eaton, Kohler SDMO, Legrand, Mitsubishi Electric, Munters, Perkins Engines, Rittal, Schneider Electric, STULZ, Socomec, Siemens, Trane, and Vertiv.
• Data Center Investors: Digital Realty (Lamda Helix), Microsoft, Telecom Italia Sparkle, Synapsecom Telecom.