This podcast episode explores the concept of data sovereignty and its increasing importance among European consumers. Research indicates that a large percentage of Europeans prioritize knowing where their data is stored and prefer it to be stored within their own country. This has led to a shift towards near-shoring data processing and storage in Europe, resulting in the expected growth of European data centers. However, data sovereignty is complicated by extraterritorial laws that allow foreign governments to access data stored or processed in Europe. The baseline de-risking scenario for global trade further supports the nearshoring of European data. Investors should closely monitor the issue of data sovereignty in Europe in the coming decade.
