|03-15-2019 04:19 AM CET - Business, Economy, Finances, Banking & Insurance||
Data Center Colocation Market Growth Will be Driven by the Rising Demand for the Hosting Services from Large Enterprises | Key Players CenturyLink, CyrusOne, Cyxtera Technologies, Digital Realty, Equinix, Interxion, KDDI Corporation, Navisite, NTT Communi
Press release from: Global Market Insights, Inc.
The data center colocation market is predicted to witness a substantial growth over the coming years with the rise in the adoption of these services in SMEs. High initial costs associated with setting up the infrastructure facilities and the integration of several advanced solutions such as Automated Infrastructure Management (AIM) solutions are driving business expenses. These factors are compelling enterprises to focus on leasing facilities that will help in lowering the mounting expenses. Several advantages offered by these services to the SMEs include increased scalability & flexibility, predictable installation & integration costs, 24x7 support, and improved security of the business data. With increasing data center traffic, SMEs are increasingly adopting hosting services, thereby fueling the market growth.
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The energy sector is expected to witness a high adoption of these services due to the increasing requirements for effective storage facilities for high-performance computing, data transfer & processing, and back-up. The companies operating in this sector are partnering with data center colocation market players for improving the efficiency in these data management tasks.
The data center colocation market will witness a high growth due to the rising demand for the hosting services from large enterprises. The companies are engaged in expanding their business operations to provide their innovative offerings to the customers present in global regions. The growing need for data storage facilities for setting up their business operations in these regions is expected to drive the data center colocation market. These companies find cost-effective techniques to manage their IT facilities.
The wholesale data center colocation market is anticipated to showcase a growth of nearly 17% CAGR over the forecast timespan. These providers rent the entire constructed facility to customers. They usually serve large-scale enterprises and rent out the data center space that ranges between 10,000 – 20,000 sq. feet or larger along with the cooling & power infrastructure. Several multinational enterprises that need to store a massive amount of data are dependent on these providers. The enterprises are responsible for bearing the costs that are associated with the power, capacity, network connectivity, and internal staff.
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The government & defense sectors are adopting these services to manage the confidential & classified data that needs to be stored safely. The service providers ensure that the IT facilities are protected securely with advanced management solutions to protect the data loss. These players are integrating several solutions such as DCIM, which are used for several applications including asset management and device discovery. Moreover, the government institutions need to manage crucial data that will include the statistics related to the economic or political information of the country, thereby propelling the demand in the data center colocation market.
North America data center colocation market is growing at a rapid pace with the rising urbanization and industrialization in several economies of the region. Countries such as the U.S. and Canada are the fastest growing economies, where the global companies have established their business base. Several global companies that are generating massive volumes of business data due to their rapidly expanding operations are Facebook, Google, and Amazon. These companies are engaged in partnerships with the players in data center colocation market for the effective management of their IT facilities. For instance, Google partnered with Equinix, Inc. for the supply of colocation services.
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The key players leading the industry hierarchy are CenturyLink, CyrusOne, Cyxtera Technologies, Digital Realty, Equinix, Interxion, KDDI Corporation, Level 3 Communications, Navisite, NTT Communications, Rackspace, Singtel, Telstra, Verizon, Zayo Group.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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