Data Center Colocation Market Share, Size, Future Demand, Top Leading Player, and Emerging Trends

The immense costs of maintaining private data centers, especially for organizations that generate inconsistent volumes of data, are accelerating the establishment of colocation centers, globally. In recent years, the surging adoption of artificial intelligence (AI) and the internet of things (IoT) in organizations has led to the generation of high volumes of data, which require a secure storage space and efficient and cost-effective management. This can be attained through a data storage center. As the development of a private storage facility is an expensive process, businesses are increasingly opting for colocation centers.

Get Free Sample Pages: https://www.psmarketresearch.com/market-analysis/data-center-colocation-market/report-sample

Moreover, the soaring need for edge data centers is also expected to drive the data center colocation market at a CAGR of 14.8% during the forecast period (2020–2030). The market generated a revenue of $42.1 billion in 2019. Edge data centers are small data colocation units established near the enterprises which require cached content and various cloud computing resources from these centers. These facilities are connected to bigger facilities or multiple centers that process the data centrally with the help of machine learning and analytics.

Nowadays, the number of green data centers is surging rapidly, on account of the escalating environmental concerns being raised, due to the increasing greenhouse gas (GHG) emissions. These concerns are fueling the requirement for attaining optimum energy efficiency across the world. As compared to the traditional data centers, green data centers consume lesser power. However, green facilities are similar to the traditional ones, in terms of functionalities and advantages, as they also use energy-efficient heating, ventilation, and air conditioning (HVAC) systems, LED lighting, ENERGY-STAR-rated power supply systems, and centralized humidification servers, systems, and routers.

Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=data-center-colocation-market

According to P&S Intelligence, North America is the largest consumer of data center colocation solutions, due to the presence of a large number of colocation service providers and data centers in the region. The region is witnessing the generation of enormous volumes of data, owing to the presence of headquarters of several leading technology firms, such as Amazon.com Inc., Google LLC, and Facebook Inc., which require efficient storage. Owing to the massive data volume, businesses are availing colocation services for efficiently managing their critical business information and information technology (IT)infrastructure.

Whereas, the Asia-Pacific (APAC) data center colocation market is expected to exhibit the fastest growth throughout the forecast period, owing to the rapid technological advancements being made in the IT and telecom industry in the emerging economies of the region. Moreover, the increasing need for temporary server and data storage space, due to the outsourcing of business operations by IT companies across the world to APAC-based enterprises, is facilitating the market growth in the region.

Thus, the increasing cost of private data centers and the soaring number of edge data centers are fueling the establishment of colocation centers, worldwide.

About Us:
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact Us:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.