https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/Data_Center_Colocation_market.jpg 308 386 admin https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.png admin2023-01-07 12:49:472023-02-11 11:29:18Global Data Center Colocation market is predicted to thrive at a CAGR of 15.81% over the period 2019-2024
Global Data Center Colocation market is predicted to thrive at a CAGR of 15.81% over the period 2019-2024
Datacenter colocation involves renting of space, equipment, and bandwidth for customers. Data Center colocation helps enterprises to reduce their operating costs and remain competitive.
This report provides forecast and analysis of the data center colocation market which is estimated US$35,481.250 million in 2018 to surge US$85,605.260 million by 2024.
Data center colocation is a data center where customers can rent equipment, space, and bandwidth. Colocation facilities provide customers with space, power, cooling, and physical security for the server, storage, and networking equipment for their firm. The colocation data center enables customers to connect with various telecommunications and network service providers with a minimum of cost and complexity.
The data center colocation market is segmented by the colocation model, by enterprise size, by Industry Vertical, and by geography. Segmented on the basis of the colocation model is by wholesale and Retail. In wholesale colocation, the enterprise leases the complete data center while it may or may not be managing the IT operations. While in retail colocation, the enterprise's leases required space within a data center. Segmentation by enterprise size is divided into Small, Medium, and Large. The requirements of enterprises can vary from a small rack space to the leasing of complete data centers. Increase in demand for cloud solutions by enterprises will lead to an increase in demand for colocation spaces during the forecast period. Segmentation by Industry Verticals is Security Consulting Services and System Integration Services. Segmentation by Vertical is BFSI, Government, Healthcare, Manufacturing, Communication and Technology, Media and Entertainment, and Others. By geography, the data center physical security market has been segmented as Americas, Europe, the Middle East, and Africa, and the Asia Pacific.
North America and Europe have a significant amount of market share for the data center colocation market due to the early adoption of technology and the presence of a large number of data centers in the region and with increase in IoT expenditure will further boost the demand for this market in these regions. The more companies are opting for the renting space, equipment, and bandwidth for reducing operating cost and to remain competitive. The Asia Pacific to see growth due to advancement in technology and expansion of the services sector. The Asia Pacific to grow fastest among all regions as more brands and businesses are expanding their market with the need for datacenters colocation.
Some of the major players covered as part of the report are Equinix, Inc., Telehouse, Rackspace US, Inc., Verizon, Colt Technology Services Group Ltd., Zayo Group, LLC, CenturyLink, Internap Corporation, ANEXIO, Inc. among others.
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This report segmented the data center colocation market on the basis following terms:
By Colocation Model
By Enterprise Size
By Industry Vertical
- Communication and Technology
- Media and Healthcare
- By Geography
- United States
Middle East and Africa
- Saudi Arabia
- South Korea
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