European Data Center Market: Veeva Systems Opens New Facilities

In early December, cloud provider Veeva Systems announced the opening of two new European data centers. The addition of these two facilities comes during a time of considerable growth in the European data center market.

The company announced that it had opened a German data center as well as a U.K. data center in order to ensure the availability of capacity for its considerable global expansion. In addition, the data centers will provide services compliant with data privacy laws and international regulatory requirements in the region. With the new German and U.K. data center open for operations, clients can store their sensitive information in-country.

Veeva Systems also expanded its Budapest data center, increasing the available space fourfold. The company already has a considerable customer base in Europe – over 100 life sciences groups leverage Veeva's offerings – and the two new European data centers will serve to further support its growing service footprint.

"The opening of our European data centers reinforces our commitment to customers success," said Dan Goldsmith, Veeva Europe general manager. "With these new data centers, we can provide a range of options for our customers."

Veeva Systems also operates a London data center as well as a Paris data center.

Growth in the European Data Center Market
Recent research shows that the European data center market is poised for significant growth in the coming years, especially as needs for cloud services increase. Experts predict that within the next five years, the data center market in Europe will expand at a compound annual growth rate of 11.41 percent.

Additional data center research shows that European businesses and government agencies alike have become more accepting of the cloud and are creating policies to remove barriers for cloud adoption. These regulations will further spur cloud demands and increase spending on cloud services, reaching more than $12 billion by 2020.

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