Data Center Colocation Market Leading Player 2023-29

The global data center colocation market size was valued at USD 52,891.2 million in 2022 and is poised to grow at a significant CAGR of 14.1% from 2023-2029. The Data Center Colocation market is expected to register a significant CAGR during the forecast period. Colocation data center are being used by businesses to expand the capabilities and reach of their networks. Massive data analytics workloads can be handled by data center computational power, especially in software-defined data center (SDDCs), which might offer affordable scalable virtualized server solutions.

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Retail Colocation Segment Dominate the Data center colocation market Market:
The retail Colocation segment accounted for highest market share, and it is expected to grow with a CAGR from 2023-2029. The retail colocation segment is expected to grow drastically and is expected to maintain its advantage throughout the forecast timeframe. Retail colocation allows businesses to hire a portion of a data centre room. This provides businesses with flexibility when handling small amounts of data or when infrastructure is only required for a limited time. It is especially beneficial for small-scale companies, which have fewer data storage requirements than big organizations.

North America leads Data center colocation markets Market:
In North America, the market holds a considerable market share in 2022 and the market is expected to grow at a significant CAGR during the forecast period. due to the growing amount of internet consumers in the area. The presence of some of the region's biggest IT BPO outsourcing service providers and software businesses is also adding to market growth. Furthermore, the increasing adoption of smart products and technologies has led to higher data volumes, prompting organizations across industries to implement data centers.

Strategic New Product Lunches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The data center colocation market market further reveals that the key players increasingly adopting strategies such as the launch of newer products, frequent product approvals, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region., In May 2022, A strategic agreement was struck between Cyxtera, a collocation service provider, and Sify Technologies Limited, allowing the launch of colocation solutions in India. Cyxtera's hosting services are now available to customers in five additional Indian marketplaces.

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Key players' profiles in the data center colocation market report are China Telecom Corp. Ltd., CoreSite Realty Corp., CyrusOne, Inc., Cyxtera Technologies, Inc., Digital Realty Trust, Inc., Equinix, Inc., Global Switch, NaviSite, NTT Communications Corp., Telehouse.

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