Global Data Center Colocation Market is Expected to Grow by USD 116.58 Billion during 2022-2027, Progressing at a CAGR of 14.75% during the Forecast Period

Global Data Center Colocation Market is Expected to Grow by USD 116.58 Billion during 2022-2027, Progressing at a CAGR of 14.75% during the Forecast Period

Global Data Center Colocation Market Is Expected To Reach USD 116.58 Billion By 2027 At A CAGR Of 14.75 percent.

Maximize Market Research has published a report on the Global Data Center Colocation Market that provides a detailed analysis for the forecast period of 2021 to 2027.

Global Data Center Colocation Market Scope:

The report provides comprehensive market insights for industry stakeholders, including an explanation of complicated market data in simple language, the industry’s history and present situation, as well as expected market size and trends. The research investigates all industry categories, with an emphasis on key companies such as market leaders, followers, and new entrants. The paper includes a full PESTLE analysis for each country. A thorough picture of the competitive landscape of major competitors in the Global Data Center Colocation Market by goods and services, revenue, financial situation, portfolio, growth plans, and geographical presence makes the study an investor’s guide.

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Global Data Center Colocation Market Overview:

Data centres, which manage vital corporate applications, have become an integral aspect of contemporary business processes. Over time, IT infrastructure has become increasingly important for firms that want to operate successfully. Cloud and colocation services have become essential resources for many companies that need to expand their IT capabilities as the need for data centres has risen over the past several years. For businesses that needed speedy IT up scaling but lacked the knowledge or financial resources to do so, colocation data centres were a blessing.

Global Data Center Colocation Market Dynamics:

IT professionals with the necessary skills are needed to manage the operations while hosting a data centre infrastructure locally. On-site hosting also entails a variety of costs for server administration and infrastructure upkeep. Additionally, establishing a new data centre facility necessitates a substantial initial expenditure and raises the businesses’ overall CAPEX. As a result, businesses are increasingly taking into account the CAPEX spent on commissioning facilities for mission-critical data centres and searching for ways to save costs and boost return on investment (ROI).

One of the main drivers for businesses to investigate new IT infrastructure solutions is the push to reduce IT costs. For power, space, bandwidth, and Value-Added Services (VAS) like interconnection services, internet solutions, and expert managed IT services based on their size and requirement, businesses are increasingly resorting to data centre colocation providers. According to a poll by Uptime Institute, LLC, twenty six percent of businesses opted for data centre colocation services. This finding indicates that more businesses are adopting data centre colocation.

The initial setup costs for IT equipment in the data centre facilities are incredibly costly. Businesses who choose to lease colocation facilities are required to buy their own IT hardware. The businesses must also transport the equipment to the colocation facilities. The cost of delivering the equipment is determined by its weight and size. Additionally, the initial implementation of data infrastructure solutions is substantially more expensive and difficult. Enterprises are also in charge of the equipment’s maintenance tasks after the equipment has been deployed in the colocation facilities.

The fact that these maintenance tasks are carried out in the data centre rather than on-site adds to the expense. The colocation facilities offer services like remote hands and smart hands as well as remote help for maintenance tasks. However, the customers must additionally pay additional fees for these services. The expansion of the global data centre colocation market is expected to be constrained by these additional setup and maintenance costs.

Users of data centres all throughout the world are particularly concerned about disaster recovery. Facilities that house IT infrastructure are vulnerable to calamities like earthquakes, security breaches, fires, and other unforeseen incidents. Disaster recovery plans must be in place for businesses in order to avoid suffering severe losses as a result of such events. Facilities for colocating data centres are farther from the users’ locations and less vulnerable to natural disasters. Because they can be managed remotely, these facilities are more dependable for disaster recovery plans. The ability for enterprises to store important data in a remote place makes colocation facilities suitable as a backup and recovery solution. Business continuity can be achieved as a result of the availability of resilient and secure colocation facilities, which is why the demand for these facilities is predicted to increase.

Global Data Center Colocation Market Regional Insights:

In comparison to other regional pieces, North America now has an advantage. It is also expected to completely dominate the data colocation market. The district has frequently demonstrated a preference for innovation. As a result, it is expected that the executive’s administrations exhibit rapid expansion upon admission to moderate server farms. This is necessary to fuel the regional Global Global Data Center Colocation Market’s expansion. On the other hand, APAC is expanding and is expected to record the highest CAGR. The expansion of the use of IT administrations in local projects is prepared to assist the server farm colocation market.

Global Data Center Colocation Market Segmentation:

By Type:

• Retail colocation
• Wholesale colocation

By End-User:

• Small and Medium-Sized Enterprises
• Large Enterprises

By Industry:

• BFSI
• IT and telecom
• Government and defense
• Healthcare
• Research and academics
• Retail
• Others

Global Data Center Colocation Market Key Competitors:

• Interxion Holding NV
• SunGard availability services
• KDDI Telehouse Corporation
• Global Switch Corporation
• Fabros Technology, Inc.
• Verizon Communication, Inc.
• DuPont and American Telephone & Telegraph, Inc.
• China Telecom Corp. Ltd.
• CoreSite Realty Corp.
• CyrusOne, Inc.
• Cyxtera Technologies, Inc.
• Digital Realty Trust, Inc.
• Equinix, Inc.
• NaviSite
• NTT Communications Corp.
• Telehouse

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Published Mon, 04 Jul 2022 14:04:15 -0500