Data Center Colocation Market Revenues to expand $62.3 billion by 2022

[137 Pages Report] Data center colocation market size, analysis, trends, & forecasts. The market for data center colocation categorized by service types as retail, wholesale, industry verticals, end users & by regions.

Posted on 2019-12-06 by MarketsandMarkets in Technology // 0 Comments

Northbrook, IL 60062, USA, 2019-Dec-06 —

According to a research report “Data Center Colocation Market by Type (Retail and Wholesale), End-user (SMES and Large Enterprise, Industry (BFSI, IT & Telecom, Government & Defense, Healthcare, Research & Academic, Retail, Energy and Manufacturing), and Region – Global Forecast to 2022″, published by MarketsandMarkets, the data center colocation market 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. 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.

Browse 52 Market Data Tables and 69 Figures spread through 137 Pages and in-depth TOC on “Data Center Colocation Market by Type (Retail and Wholesale), End-user (SMES and Large Enterprise, Industry (BFSI, IT & Telecom, Government & Defense, Healthcare, Research & Academic, Retail, Energy and Manufacturing), and Region – Global Forecast to 2022”

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The growing need for reducing the IT expenditure is one of the factors driving the growth of the data center colocation

The global data center colocation size is expected to grow from USD 31.52 billion in 2017 to USD 62.30 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.60%. There is an increasing need for reducing the IT expenditure spent on commissioning mission-critical data center facilities. Data center colocation services provide the required scalability and cost-effectiveness for managing the daily data requirement. This acts as one of the major drivers of the data center colocation market. However, high initial costs may hold back the end-users from adopting these solutions.

Retail colocation is expected to account for the largest market share during the forecast period

The retail colocation type in the data center colocation market is expected to have the largest market share during the forecast period. Retail colocation provides power, space, cooling, cabling, and support services. It also provides flexibility in terms of IT infrastructure, and therefore proves advantageous for Small and Medium-Sized Enterprises (SMEs). This utility of retail colocation is expected to drive its market share in the global data center colocation.

North America to dominate the data center colocation market during the forecast period

The global data center colocation market is segmented based on regions into North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the highest share of the data center colocation market in 2017, owing to the presence of a large number of data center collocation service providers, and increasing investments and innovations in the region. The market in APAC is expected to grow at the highest CAGR during the forecast period due to the increasing data traffic from social media and gaming sectors and the surge in usage of mobile devices in this region.

Major technology vendors in the data center colocation market include AT&T Inc. (US), CoreSite Realty Corporation (US), CyrusOne (US), Cyxtera Technologies, Inc. (US), Digital Realty Trust, Inc. (US), DuPont Fabros Technology, Inc. (US), Equinix, Inc. (US), Global Switch (UK), Level 3 Communications Inc. (US), and NTT Communication Corporation (Japan).

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