Market Highlights
Market Research Future (MRFR), in its recent market analysis,
asserts that the global data
colocation market is poised to worth USD 114.47 billion by 2030,
registering 13.48% CAGR throughout the assessment period (2020-2030). Data
colocation also enables organizations to increase their business potential by
focusing on their core business and reducing their capabilities to recover
catastrophes. This, as a result, fosters the growth of the data colocation
market.
Colocation data centers often serve as a
connection point between on-premise and on-cloud data centers. Various
advantages of adopting data colocation are that it helps an organization save
time, money and reduces the problems associated with on-premise data centers
which often demand constant maintenance. Another vital growth-promoting factor
for the market is the capability of data colocation to enable enterprises to
increase business potential by allowing them to focus on core activities.
Moreover, data colocation provides access to central data storage, backups,
environmental controls, firewalls, and security or hosting serves to name a
few. The reduced need for constant maintenance is a strong driving factor of
growth.
The data
colocation market is growing at a rapid pace across the globe. The substantial
revenue increase attributes to data colocation advantages in healthcare, IT
& telecom, energy, government, banking & insurance, and other
industries. Besides, the unique advantages of hybrid clouds in colocation data
centers drive the market growth, increasing investments in the hybrid cloud.
Many cloud services available through
hybrid cloud frameworks are easy to implement at a lower cost by creating a
private cloud or avoiding the cloud altogether in favor of traditional virtual
machines. Moreover, the ability to provide environmental controls while
reducing on-premises data centers hassles such as the requirement of constant
power, cooling and maintenance of IT equipment escalate the market growth.
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Segmentation:
The global data colocation market has
been segmented on the basis of service type, components, end-users, and region.
Service type available in the data colocation market has been segmented into
small scale and large scale. Large scale businesses are more likely to avail of
data colocation services.
Components have been segmented into
network hardware, cooling units, server & storage, and others.
End-users of data colocation have been
segmented to include banking & insurance, IT & telecom, healthcare,
government, energy, and others.
Regions covered in the report include
Europe, North America, Asia Pacific and the Rest of the World.
Regional Analysis
North America dominates the global data colocation market. The largest market share attributes to the presence of a large
number of data colocation providers and the increasing numbers of data centers
in the region.
Besides, increasing data center
requirements in IT capacity management, alongside the advanced technological
architectures, help the region to create substantial market demand. The North
American data colocation market would retain its dominance over the global
market throughout the assessment period.
Europe stands second in the global
data colocation market. The increasing investment by tech leaders in data
collocation technology developments drives the growth of the market.
Additionally, increasing numbers of data colocation companies in the region impact
the data colocation industry positively.
Furthermore, rising expenses into data
centers depending on their analytics strategies influence the data colocation
market growth. The European data colocation market valuation is projected to
increase at an impressive growth rate during the review period.
The Asia Pacific data colocation
market is growing at a rapid pace. Factors such as the vast increase in data
production and migration of organizations towards the cloud influence the
regional market growth. Moreover, the rising demand for the lower operational
cost of data centers with reduced latency to target medium-sized local
businesses fosters the regional market's development.
Besides, technical advancements and
well-established infrastructure, alongside the increasing numbers of SMEs in
the region, propel the market growth. The growing China telecom market is
estimated to contribute to the rising demand for data colocation in the region.
The APAC data colocation market is projected to grow at the fastest rate during
the forecast period.
Data Colocation Market -
Competitive Landscape
The global data colocation market
appears highly competitive, with several well-established players forming a
competitive landscape. To gain a larger competitive share, industry players
incorporate strategic initiatives such as mergers & acquisitions,
collaboration, expansion, and product/ technology. The data colocation
providers are coming up with new and planned expansions to provide better services.
Major Players:
Players active in the global data
colocation market are SunGard availability services (US), CenturyLink,
Inc.(US), Equinix, Inc.(US), Global Switch Corporation (UK), KDDI Telehouse
Corporation (Japan), CoreSite Realty Corporation(US), Interxion Holding NV
(Netherlands), DuPont Fabros Technology, Inc.(US), American Telephone &
Telegraph, Inc. (US), and Verizon Communication, Inc.(US), among others.
Innovation/ Industry/Related
News:
November 17, 2020 --- Oracle Corporation (the US), a leading global computer technology
company, announced heavy investments in hybrid cloud solutions that cater to
use cases involving colocation facilities. The company relies on colocation to
host its public cloud and offers a hybrid cloud solution hosted in the same
manner.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/data-colocation-market-2023
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