This report provides forecast and analysis of the data center colocation market which is estimated to surge US$85,605.260million by 2024.
The low-cost factor of using a data center colocation facility as compared to the massive investments of building a separate area for the same is the major reason why businesses are resorting to the former choice. This is a major demand driver for this industry. The companies tend to save huge costs that could arise by employing technical staff for such facilities. Besides, the specifications and technicalities that these centers have achieved would be highly unlikely to be developed by the businesses if it is not their core business or when a small facility is required. The companies can remain competitive by reducing their operating costs. With the rising amounts of data due to the Internet of Things, sensors, social media, among others, the need to store such data is also rising rapidly. The high usage of smartphones and wearable gadgets is also adding to the massive amounts of data being collected. This is fueling the demand for leasing of cloud space for storing enormous amounts of data. But due to security concerns, this market faces restraints as companies try to avoid risking their data to third parties. Also, the growing concern for the environment to reduce carbon footprints is also bolstering the growth of this market. Data Center Colocation delivers a cost-effective and energy-efficient solution for storing data. Geographically, the North American region is expected to hold the largest share in the market due to huge volumes of data being generated through consumer electronics and sensors. The APAC region is also anticipated to grow at a high CAGR over the forecast period.
Some of the major players covered as part of the report Equinix, Inc., Telehouse, Rackspace US, Inc., Verizonand Zayo Group, LLC, among others.
This report segmented the Data Center Colocation Marketon the basis following terms:
• By Colocation Model
• By Enterprise Size
• By Industry Vertical
o Communication and Technology
o Media and Entertainment
• By Geography
o North America
o South America
o The Middle East and Africa
o Asia Pacific
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