Key Market Players in the Data Center Colocation Market and Its Opportunities for growth

Posted on 2019-10-29 by MarketsandMarkets in Technology // 0 Comments

The global Data Center Colocation Market size is expected to grow from USD 31.5 billion in 2017 to USD 62.3 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period, as per a report by MarketsandMarkets.

The need for reduction of overall IT costs; reliability, security, and scalability of infrastructure; and growing data center complexities are the major drivers accelerating the growth of the data center colocation market, globally. The rapid growth of the market is also attributed to the increasing number of users opting for cost-effective and energy-efficient data center solutions to manage daily data requirements.

Why increasing disaster recovery and business continuity requirements present an opportunity?

Disaster recovery is a major concern for data center users across the world. IT infrastructure facilities are prone to disasters such as earthquakes, security attacks, fire outages, and other unplanned events. For businesses to not suffer from drastic losses owing to such disasters, proper disaster recovery measures must be in place. Data center colocation facilities are located away from the users’ premises and be less prone to disasters. These facilities can be controlled remotely, adding to their reliability in disaster recovery measures. Therefore, colocation facilities are anticipated to become an ideal backup and recovery option because they enable businesses to house key data in a remote location. Thus, business continuity can be achieved due to the presence of resilient and safe colocation facility, which is why these facilities are expected to witness growing demand.

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Key Market Players for Data Center Colocation Market

The Data Center Colocation Market includes various vendors, such as AT&T Inc. (US), China Telecom (China), Cogent Communications (US), Contegix (US), CoreSite Realty Corporation (US), CyrusOne (US), Cyxtera Technologies, Inc. (US), Digital Realty Trust, Inc. (US), DuPont Fabros Technology, Inc. (US), Equinix, Inc. (US), Fibernet Inc. (US), Global Switch (UK), Internap (US), Interxion (Netherland), Keppel Data Center Pte Ltd. (Singapore), Level 3 Communications Inc., NTT Communications Corporation (Japan), PhoenixNAP (US), Rahi Systems Inc (US), Singtel (Singapore), STT GDC Pte Ltd. (Singapore), Telehouse-KDDI (UK), Telstra (Australia), TeraGo Networks Inc. (Canada), and Verizon (US). Players in this market have embraced different strategies to expand their worldwide presence and increase their market shares. Expansions and partnerships/collaborations are some of the significant strategies embraced by the market players to accomplish development in the data center colocation market. Companies, such as DuPont Fabros Technology, Inc., Equinix, Inc., Global Switch, and NTT Communication Corporation have adopted these strategies to expand their product portfolios.

Equinix is one of the major providers of data center colocation services. The company has a global clientele and provides technology solutions to businesses and public sector enterprises. The company’s long-term strategy for the data center colocation market is focused on organic and inorganic growth strategies. Equinix is focused on collaborations and acquisitions to attract a large customer base worldwide.

Digital Realty Trust is another leading provider of data center colocation solutions. The company caters to over 2,200 customers from industries, such as cloud, information technology services, financial services, manufacturing, energy, gaming, life sciences, and consumer products. The company’s long-term strategy is focused on the organic and inorganic growth. Digital Realty Trust expanded its data center facilities and entered into strategic collaborations to attract customers from across the world.

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