Growth at a CAGR of 10.85% in the Data Center Colocation Market over the forecast period (2018 - 2023)| Top Players- AT&T INC., IBM CORPORATION, CHINA TELECOM CORPORATION LIMITED, CHINA UNICOM, SOFTBANK, amongst others

Market Analysis:

Asia-Pacific to Grow at a Faster Pace
Asia-Pacific is a hub for major IT outsourcing destinations for the major market players, across the industry verticals. Singapore is considered one of the largest shipping ports in the world, ensuring connectivity. With its stable government committed to driving prosperity through economic development and innovation, Singapore continues to attract major investments from the technology industry.

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Server workload continues to grow with each passing year, which shows an adverse effect on IT operations. It is estimated that there is an increase of 35% data growth rate per year, and this has resulted in many organizations doubling their on-premises storage over a three-year period, leading to over-builds that drive to wasted capital across infrastructure, power, and staffing costs. Colocation acts as an attractive solution, as it allows organizations to solve a problem without substantial upfront costs, which is one of the reasons that is expected to drive the growth of this market. The acceleration in the overall cloud adoption is expected to double the size of data center colocation. The need for separately owned data centers has been reduced with the onset of cloud, fueling the growth of data center collocation. Healthcare is expected to be the fastest growing sector for the data center collocation market.

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Market Segments:
Data Center Colocation Market is segmented by:
1. Solution Type: Retail Colocation, Wholesale Colocation
2. End-user Vertical: Banking, Finance, Security, and Insurance, Manufacturing, IT and Telecommunications Technology, Energy, Healthcare, Government, Entertainment and Media, Other End-user Industries)
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• October 2017 - Digital Realty and Mitsubishi Corporation announced a joint venture In Japan. This joint venture will benefit Mitsubishi by establishing a new data center in Tokyo
• October 2017 - China Unicom and Alibaba Group announced business cooperation to mutual open-up of cloud computing resources. This relationship involves three main businesses public cloud, dedicated cloud, and hybrid cloud
• June 2017 - AT&T acquired Vyatta network operating system and associated assets of Brocade Communications Systems.
• May 2017 - IBM acquired Timetoact Group’s XCC to launch IBM Connections Engagement Center, a single destination for internal communications, collaboration, and employee engagement.

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