The global data center colocation market is anticipated to grow at a CAGR of 12.5% during the forecast period (2022-2028). Datacenter colocation is a process provided for enterprises and businesses where they can rent space for servers and other computing hardware. The major factor expected to drive the market growth is the growing demand for scalable data centers, reduced overall IT expenditure, and the rising data center complexities. Furthermore, the increasing automation and robotics to install servers and manage disk storage and interconnection, the growing demand for hybrid cloud and virtualization technologies in North America & Europe, and growing adoption of the green data center facilities are some factors that drives the growth of the global data center colocation market during the forecast period. Moreover, the rising demand for public cloud and IoT in Latin America, increasing deployment of the modular data centers in Middle-East and Africa (MEA) along with improving connectivity levels, and rising data traffic volumes in Europe and MEA will further propel the growth of the market during the forecast period.
Some major players in the market include Digital Realty Trust, Inc., Equinix, Inc., and NTT Communication Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2019, CoreSite Realty Corp. launch DC2, a new data center colocation facility, at its Washington, D.C. campus. Further, the company added that the new facility offers companies the network of over 90 domestic and international carriers, while to cloud providers, it offers native cloud on-ramps. In addition, in April 2020, Digital Realty Trust Inc. opened its 3rd data center in Singapore, named Digital Loyang II (SIN12). The company added that this 50-megawatt (MW) facility is a reflection of the efforts of the company to deploy critical infrastructure on Platform DIGITAL across the globe.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Organization Size
- By Industry Vertical
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Digital Realty Trust, Inc., Equinix, Inc., and NTT Communication Corp., among others.
A full report is available at: https://orionmarketreports.com/global-data-center-colocation-market/105737/
Global Data Center Colocation Market Report by Segment
By Type
- Retail Colocation
- Wholesale Colocation
BY Organization Size
- Small-Medium Enterprises (SMEs)
- Large Enterprises
By Industry Vertical
- BFSI
- Healthcare
- Energy & Utility
- IT and Telecom
- Retail and E-Commerce
- Manufacturing
- Government and Public Sector
- Media and Entertainment
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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