Data Center Colocation Market to exceed $90bn by 2024

Data Center Colocation Market size is set to exceed USD 35 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

The complexities in the infrastructure facilities due to the integration of new technologies such as network and connectivity devices is increasing rapidly. Companies are finding it difficult to manage such complicated network devices thereby forcing them to transfer these responsibilities to colocation service providers, thereby propelling the data center colocation market share.

 

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The process of hosting an onsite facility requires skilled employees to run the operations. It also involves expenditure on infrastructure maintenance and server management. In addition, setting up a new facility increases the overall CAPEX of enterprises and requires a large amount of initial investments. This has led to SMEs and large enterprises increasingly switching to colocation hosting, thereby driving the data center colocation market demand. These service providers offer several services such as skilled managed IT services, internet solutions, and interconnection services based on enterprise requirements.
 

Data Center Colocation Market

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The wholesale data center colocation market is anticipated to showcase a growth of nearly 17% CAGR over the forecast timespan. These providers rent the entire constructed facility to customers. They usually serve large-scale enterprises and rent out the data center space that ranges between 10,000 – 20,000 sq. feet or larger along with the cooling & power infrastructure. Several multinational enterprises that need to store a massive amount of data are dependent on these providers. The enterprises are responsible for bearing the costs that are associated with the power, capacity, network connectivity, and internal staff. Wholesale users benefit from economies of scale as the services provide reduced cooling and power costs in comparison with retail colocation. Such factors are encouraging several large-scale industries to establish their facilities in the space offered by these players, thereby accelerating the data center colocation market growth.
 

Browse key industry insights spread across 200 pages with 193 market data tables & 27 figures & charts from the report, “Data Center Colocation Market Size By Type (Retail Colocation, Wholesale Colocation), By End-Use (SMEs, Large Enterprises), By Application (BFSI, Energy, Government & defense, Healthcare, Manufacturing, IT & Telecom, Retail), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Benelux, Poland, China, India, Japan, Singapore, Australia, Brazil, Mexico, Colombia, Chile, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-colocation-market
 

The data center colocation market is predicted to witness a substantial growth over the coming years with the rise in the adoption of these services in SMEs. High initial costs associated with setting up the infrastructure facilities and the integration of several advanced solutions such as Automated Infrastructure Management (AIM) solutions are driving business expenses. These factors are compelling enterprises to focus on leasing facilities that will help in lowering the mounting expenses. Several advantages offered by these services to the SMEs include increased scalability & flexibility, predictable installation & integration costs, 24x7 support, and improved security of the business data. With increasing data center traffic, SMEs are increasingly adopting hosting services, thereby fueling the market growth.
 

The energy sector is expected to witness a high adoption of these services due to the increasing requirements for effective storage facilities for high-performance computing, data transfer & processing, and back-up. The companies operating in this sector are partnering with data center colocation market players for improving the efficiency in these data management tasks.
 

Major players operating in the market are Verizon Communication Ltd., Centurylink Technology Solutions, Equinix, Inc., NTT Data Corporation, Interxion Holding NV, Internap Corporation Global Switch Corporation, Cyxtera Technologies, Inc., KDDI Corporation, China Unicom, China Telecom Corporation Limited, Digital Realty Trust, Inc., CyrusOne, Inc., and Rackspace, Inc., among others. Several service providers in the industry are adopting strategies to address the growing demand for colocation facilities from various industrial sectors.
 

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Data center colocation market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Data Center Colocation Market, By Type

  • Retail Colocation
  • Wholesale Colocation

Data Center Colocation Market, By End-Use

  • SMEs
  • Large enterprises

Data Center Colocation Market, By Application

  • BFSI
  • Energy
  • Government & defense
  • Healthcare
  • Manufacturing
  • IT & telecom
  • Retail
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Benelux
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Colombia
    • Chile
    • Argentina
  •  MEA
    • GCC
    • South Africa

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