Greece Data Center Colocation Market to Reach $125 Million by 2029, Greece Attracts Major Cloud Investments, Establishing Itself as a Key Computing Hub – Arizton

According to Arizton’s latest research report, the Greece data center colocation market is growing at a CAGR of 14.32% during 2023-2029.

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Report Scope:  

Market Size (Colocation Revenue): USD 125 Million (2029) 

Market Size (Utilized White Floor Area): 290 thousand Sq. Ft. (2029) 

Market Size (Utilized Racks): 9 thousand Units (2029) 

Market Size (Utilized IT Power Capacity): 57 MW (2029) 

Base Year: 2023 

Forecast Year: 2024-2029   

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In Greece, colocation operators added over 184,000 square feet of core and shell white floor area, with approximately 80,110 square feet actively utilized, reflecting a utilization rate of more than 40%. According to Turner & Townsend’s Data Center Cost Index, the core and shell development costs for data centers in Athens range from $6.5 to $7.0 per watt, notably lower than costs in other major European markets like Frankfurt, London, Amsterdam, Paris, and Dublin.

Major players in the Greek data center market include Telecom Italia Sparkle, Digital Realty (Lamda Helix), Lancom, and Synapsecom Telecoms, all contributing to the expansion of data center facilities, which is expected to increase the white floor area in the coming years. Additionally, Greece offers four free trade zones—located in Thessaloniki, Piraeus, Heraklion, and Astakos Aitoloakarnanias—providing investors with significant incentives, such as a 100% corporate tax exemption and full customs duty exemption.

Greece Emerges as a Cloud Computing Hub with Major Investments

Since the implementation of Greece's cloud-first policy in September 2020, the country has attracted top cloud providers like AWS, Microsoft, and Google, enhancing user experience, reducing costs, and positioning Greece as a growing center for cloud computing.

In September 2023, Google Cloud expanded its global infrastructure by launching a new region in Athens, further advancing the nation's digital capabilities. This moves underscores Google's commitment to sustainability, with goals to achieve net-zero emissions by 2030.

Additionally, the Greek government is actively promoting cloud investments through initiatives like the Innovation and Entrepreneurship Fund (INNOVATHENS), which provides grants and support to startups and small businesses developing innovative cloud-based solutions.

What’s Included?

·        Transparent research methodology and insights on the market's colocation of demand and supply.

·        Market size is available in terms of utilized white floor area, IT power capacity, and racks.

·        Market size available in terms of Core & Shell Vs Installed Vs Utilized IT Power Capacity along with the occupancy %.

·        An assessment and snapshot of the colocation investment regarding core & shell area, power, and rack in Greece and a comparison between Nordic countries.

·        The study of the existing Greece data center industry landscape and insightful predictions about industry size during the forecast period.

·        An analysis of the current and future colocation demand in Greece by several industries. 

·        Study on sustainability status in the region

·        Analysis of current and future cloud operations in the region.

·        Snapshot of upcoming submarine cables and existing cloud-on-ramps services in the region.

·        Snapshot of existing and upcoming third-party data center facilities in Greece

o  Facilities Covered (Existing): 15

o  Facilities Identified (Upcoming): 03

o  Coverage: 4+ locations

o  Existing vs. Upcoming (White Floor Area)

o  Existing vs. Upcoming (IT Load Capacity)

·        Data Center Colocation Market in Greece

o  Colocation Market Revenue & Forecast (2023-2029)

o  Retail Colocation Revenue (2023-2029)

o  Retail Colocation Pricing along with Addons

·        An analysis of the latest trends, potential opportunities, growth restraints, and prospects for the Greece data center colocation market.

·        Competitive landscape, including industry share analysis by the colocation operators based on IT power capacity and revenue.

·        The vendor landscape of each existing and upcoming colocation operator is based on the existing/ upcoming count of data centers, white floor area, IT power capacity, and data center location.

The Report Includes:

·        Colocation Supply (MW, Area, Rack Capacity)

·        Colocation Demand (MW, Area, Rack Capacity) and by End-User (Cloud/IT, BFSI, .)

·        Colocation Revenue (Retail & Wholesale Colocation Services)

·        Competitive Scenario (Share Analysis by Revenue & MW Capacity)

Vendor Landscape

Existing Colocation Operators

·        CloudRock

·        Digital Realty (Lamda Hellix)

·        Friktoria

·        Hostmein IKE

·        Telecom Italia Sparkle

·        Lancom

·        Synapsecom Telecoms

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Key Questions Answered in the Report:  

What is the count of existing and upcoming colocation data center facilities in Greece?

What factors are driving Greece data center colocation market?

How much MW of IT power capacity is likely to be utilized in Greece by 2029?  

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