Press release
Data Center Colocation Market is Expected to Accumulate Exponential Returns from Asia Pacific Region Over 2018 – 2024 | Key Players are CenturyLink, Cyxtera Technologies, Digital Realty, Equinix, Interxion, Rackspace, Singtel, Telstra, Verizon, Zayo Gro
Data Center Colocation Market
It is prudent to mention that the demand for data centers across Hong Kong and Singapore is being driven by cloud service providers as well as other Chinese technology and financial companies. The anticipated demand has enabled IT services & solutions firm, One Asia, to open a six-story 128,000 s.f. data center in Kowloon Bay, Hong Kong. Meanwhile, the primary factor driving growth in the Australia data center colocation market in Australia is the rising number of cloud service providers.
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The key players covered in this study: -
1. CenturyLink
2. China Telecom Corporation Limited
3. China United Network Communications Co., Ltd.
4. CyrusOne
5. Cyxtera Technologies
6. Digital Realty
7. Equinix
8. Global Switch
9. Interxion
10. Internap Corporation
11. KDDI Corporation
12. Keppel Data Centres
13. Level 3 Communications
14. Navisite
15. NTT Communications
16. Rackspace
17. Singtel
18. Telstra
19. Verizon
20. Zayo Group
Over the recent years, the global data center colocation market has been witnessing remarkable pace of growth owing to the increasing complexity of managing humongous data centers and the shortcomings with regards to power and space. In addition to this, the emergence of the Internet of Things along with the rapid proliferation of big data and cloud technologies has compelled several business verticals to focus on planning the physical infrastructure of IT-based services. Moreover, large enterprises and SMEs are increasingly shifting to colocation hosting as building a new facility requires a large amount of initial investment, thereby boosting the revenue scale of data center colocation industry.
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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. Colocation offers suitable options to these companies to reduce their business expenses and manage their IT systems effectively.
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.
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Driven by a widespread application segment which includes retail, IT & telecom, manufacturing, healthcare, government & defense, energy, and BFSI, the data center colocation market is set to garner commendable proceeds from various geographies in the upcoming years. Additionally, the drastically changing technology trends and the favorable impact of big data, IoT, and AI on cloud infrastructure would further open up new opportunities for the companies partaking in the data center colocation market, which is slated to surpass USD 90 billion by 2024.
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