Italy, dominates Europe's Digital Landscape with an estimated US$ 3.03 Billion surge by 2025

JUMERIAH, UAE - May 14, 2024 - PRLog -- Data Center Nation 2024 is poised to witness the unveiling of Italy's data center prowess, as the Italian Trade Agency convenes a distinguished panel of industry leaders. Taking place today, May 14, 2024, at the Madinat Jumeirah Conference Centre - Johara Ballroom, this event features ITA's panel led by Lorenzo Fanara, Italian Ambassador to the UAE, alongside Valerio Soldani, Director at ITA Dubai, Mario Stefani, Head of CEO Staff at Polo Strategico Nazionale, Andrea Lazzaroli, Head of Business Marketing at Open Fiber, and Raffaele Laudani, Councilor of Bologna's Municipality. ITA aims to shed light on Italy's vibrant data center market and its limitless investment potential across various sectors. With insights determined to reshape industry perspectives, ITA promises to showcase Italy's thriving data center landscape, focusing on its dynamic market and expansive investment prospects spanning across IT and infrastructure sectors. Italy's focus on digital enablers and transformers, including the Cloud market forecasted at USD 5.68 billion in 2022.

In the UAE, the data center industry is projected at CAGR of over 5% between 2021 and 2025. Colocation, managed service providers, and hyperscalers are set to dominate the market, while enterprise data centers are primed for significant growth in rack power density. Italy's data center market has demonstrated impressive growth, reaching USD 3.03 billion in 2023 and forecasted to soar to USD 3.83 billion by 2029, boasting a CAGR of 3.98%.

Italy is swiftly emerging as a favoured destination for cloud services, mirroring the trajectory of its burgeoning data center sector, positioning the country as Europe's latest data hub. This trend owes much to local providers who are diverging from the traditional 'one size fits all' approach, instead offering bespoke, tailored solutions that precisely cater to the unique needs of companies transitioning to cloud infrastructure.

Driven by the INVEST IN ITALY campaign, Italy showcases a dynamic and diverse industrial landscape, fuelled by a surging demand for cloud services among national companies, and bolstered by extensive ultrabroadband and 5G coverage. This combination positions Italy as a prime destination for international players looking to establish data centers or utilize colocation and hosting services. Supported by a robust innovation ecosystem, Italy offers a strategic environment conducive to R&D activities and the exploration of HPC applications across various sectors.

For more information please https://www.investinitaly.gov.it/