Press release
Data Center Colocation Market Growth Sturdy at 15.3% CAGR to Outstrip US$ 136,647.9 million by 2028
The Insight Partners
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Global Data Center Colocation Market Insight:
A colocation facility, often called a colo, is a data center where an enterprise can rent space for servers and other equipment; however, a data center colocation provider manages these servers and equipment. The colocation firms offer the building, power, cooling, bandwidth, and physical security. Enterprises can lease space by the cabinet, rack, cage, or room. Being one of the popular alternatives to traditional hosting, data center colocation facilities house multiple businesses (multitenant) that may only need one or two server racks. Moreover, unlike the data centers Colocation Market connected to the big-name cloud vendors such as Google, Amazon, and Microsoft, most colocation data centers are often located in big metropolitan areas.
The data center colocation market has been segmented based on type, enterprise size, industry, and geography. Based on type, the market is segmented into wholesale data centers and retail data centers. In 2020, the retail segment led the data center colocation market and accounted for a larger market share. In terms of enterprise size, the market is segmented into SMEs and large enterprises. In 2020, the large enterprises segment accounted for a larger share in the market. Based on industry, the market is segmented into IT and telecom, BFSI, healthcare, retail, and others. In 2020, the IT & telecom segment held the largest share in the market. Geographically, the data center colocation market is broadly segmented into North America, Europe, APAC (Asia Pacific), MEA (the Middle East & Africa), and SAM (South America). In 2020, North America accounted for the highest market share.
The Key Players In The Global Data Center Colocation Market Are:
•Equinix Inc.
•IBM Corporation
•AT&T Inc.
•Cyxtera Technologies, Inc.
•Digital Realty Trust LP
•CoreSite Realty Corporation
•CyrusOne, Inc.
•QTS Realty Trust, Inc.
•365 Data Centers
•UnitedLayer
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Impact of COVID-19 Pandemic on Data Center Colocation Market
The COVID-19 pandemic has had a beneficial impact on the expansion of the data center colocation market, as data center colocation technologies assist businesses in meeting the high capacity demand of internet traffic. According to most internet and data service providers, worldwide internet traffic is growing at 30-45% each year. There is an increasing need to ensure that data center colocation service providers have the ability and capacity to supply high-performance data center colocation services during periods of elevated traffic demand. As a result, service providers are investing heavily in data center colocation in a variety of scenarios. Furthermore, the COVID-19 pandemic presents an opportunity for the data center colocation market, owing to the growth of the over-the-top (OTT) market, as data center colocation services assist organizations worldwide in achieving their business objectives while working from home by providing high data security. However, due to the shutdowns of manufacturing facilities for data center and maintenance equipment, some setbacks in the data center colocation process occurred during the lockdown.
The global data center colocation market has been segmented as follows:
Data Center Colocation Market - by Type
Retail
Wholesale
Data Center Colocation Market - by Enterprise size
SMEs
Large Enterprises
Data Center Colocation Market - by Industry
IT and Telecom
BFSI
Healthcare
Retail
Others
Frequently Asked Question?
Today, enterprises are switching to data center colocation providers for bandwidth, space, power, and value-added services (VAS), such as internet solutions, interconnection services, and skilled managed IT services depending upon their size and requirement.
The growth of edge computing significantly depends on the rapid adoption of devices enabled with the internet of things (IoT). The IoT edge devices have developed incredible applications across diverse industries with their capabilities to collect data beyond the reach of conventional networks and extend services with the use of cellular and Wi-Fi connections.
Based on type, the global data center colocation market is segmented into Retail, and Wholesale. The data center colocation market was dominated by the retail segment in 2020.
North America dominated the data center colocation market in 2020 with a share of more than 35% and is expected to continue its dominance by 2028. APAC is the second-largest contributor to the global data center colocation market in 2020, followed by Europe.
The major companies in data center colocation market are Equinix Inc.; IBM Corporation; AT&T Inc.; Cyxtera Technologies, Inc.; Digital Realty Trust LP; CoreSite Realty Corporation; CyrusOne, Inc.; QTS Realty Trust, Inc.; 365 Data Centers; and UnitedLayer.
The major end users in data center colocation includes IT and Telecom, BFSI, Healthcare, Retail, and Others. In terms of market share, the market was dominated by the IT and telecom segment in 2020.
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
ABOUT US:
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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