Canada Colocation Market Size, Share, Opportunities, And Trends By Colocation Model (Retail, Wholesale), And By End User Industry (Banking And Financial Services, Manufacturing, Communication And Technology, Healthcare, Energy, Education, Government, Media And Entertainment, Others) - Forecasts From 2024 To 2029

  • Published : Feb 2024
  • Report Code : KSI061610174
  • Pages : 80

The Canada colocation market is anticipated to show steady growth during the forecast period.

Colocation is the method of housing multiple servers and networking equipment in a data center facility, and these data centers provide secure and dependable environments for businesses to store critical infrastructure. It is widely used in numerous sectors such as banking and financial services, manufacturing, communication and technology, healthcare, energy, education, government, and media and entertainment. Canada has emerged as a popular colocation destination due to its advantageous geographical location, advanced infrastructure, and stable political environment. The establishment of new data centers and growing cloud services are the major driving forces behind the Canadian colocation market growth.

Market Drivers

  • The establishment of new data centers bolsters Canada’s colocation market growth.

A data center is a centralized facility where organizations can store, manage, and process digital data. As Canada continues to attract various sectors and experience significant data growth, data centers become increasingly important and help businesses run more efficiently by providing secure and scalable environments for their IT infrastructure. Businesses can ensure uninterrupted operations by using colocation services within these data centers, which provide advanced network connectivity, redundancy, and power backup systems. For instance, in January 2023, ManageEngine, the enterprise IT management division of Zoho Corporation, announced the official launch of two new Canadian data centers in Toronto and Montreal, illustrating the company's market commitment and providing Canadian customers with the advantages of localized data centers.

  • Growing cloud services in Canada accelerated Canada’s colocation market growth.

Several businesses use cloud-based solutions to store, manage, and process their data, due to which demand for reliable and secure data centers has increased dramatically. Canadian businesses recognize the value of using cloud computing benefits such as scalability, cost-effectiveness, and flexibility which increased the demand for dependable colocation services to house critical IT infrastructure and support their growing digital operations. As a result, the Canadian colocation market has experienced a significant increase attracting investments and driving the development of cutting-edge cloud services across the country. For instance, in November 2023, Microsoft announced that it would invest $500 million over the next two years in Quebec, Canada, to expand its hyperscale cloud computing and AI infrastructure. Additionally, in October 2023, RSA announced new investments to support 4X YoY Growth in the Canadian SaaS market and will launch a new cloud tenant in the country to meet the rising demand for RSA® ID Plus, which supports cloud, hybrid, and on-premises deployments.

  • Increasing demand for data storage contributed to Canada’s colocation market growth.

Businesses and individuals generate massive amounts of data, which increases the need for secure and dependable storage solutions in Canada. Data centers offer colocation services, which provide the infrastructure and expertise required for effective data management. Canada's stable political environment, robust connectivity, favorable data protection laws, and geographical advantages made it a desirable choice for businesses looking for colocation services. Additionally, the growing demand for data storage in Canada is a major factor driving the Canadian colocation market growth.

Market Restraints

  • High hosting costs will restrain Canada’s colocation market growth.

Colocation Hosting is more expensive than basic hosting, and the costs of cooling, maintenance, power supply, and infrastructure upgrades add to the overall high cost. This poses a challenge to Canada’s colocation market growth as businesses may hesitate to invest in these services due to the financial burden.

Segmentation

  • By Colocation Model
    • Retail Colocation
    • Wholesale Colocation
  • By End-user Industry
    • Banking and Financial Services
    • Manufacturing
    • Communication and Technology
    • Healthcare
    • Energy
    • Education
    • Government
    • Media and Entertainment
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Russia-Ukraine War Impact Analysis

5. CANADA COLOCATION MARKET BY COLOCATION MODEL

5.1. Introduction

5.2. Retail Colocation

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.3. Wholesale Colocation

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

6. CANADA COLOCATION MARKET BY END USERS

6.1. Introduction

6.2. Banking and Financial Services

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.3. Manufacturing

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.4. Communication and Technology

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.5. Healthcare

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.6. Energy

6.6.1. Market Trends and Opportunities

6.6.2. Growth Prospects

6.7. Education

6.7.1. Market Trends and Opportunities

6.7.2. Growth Prospects

6.8. Government

6.8.1. Market Trends and Opportunities

6.8.2. Growth Prospects

6.9. Media and Entertainment

6.9.1. Market Trends and Opportunities

6.9.2. Growth Prospects

6.10. Others

6.10.1. Market Trends and Opportunities

6.10.2. Growth Prospects

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Market Share Analysis

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Competitive Dashboard

8. COMPANY PROFILES

8.1. eStruxture Data Center

8.2. Equinix

8.3. Thrive

8.4. Nuday Networks

8.5. Hyve Limited

8.6. Amanah Tech

8.7. Vantage Data Centers


eStruxture Data Center

Equinix

Thrive

Nuday Networks

Hyve Limited

Amanah Tech

 

Vantage Data Centers