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Data Center Colocation Market 2023 Trends with Analysis On Key Players
Data Center Colocation Market
The Business Research Company's Data Center Colocation Global Market Report 2023 identifies high cost of an in-house data center as the major driver for the Data Center Colocation market's growth in the forecast period. Colocation services result in significant cost savings as compared to managing an in-house data center. For instance, the average annual cost of operating a large data center ranges from $10 million to $25 million.
The global data center colocation market size grew from $55.9 billion in 2022 to $65.55 billion in 2023 at a compound annual growth rate (CAGR) of 17.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data center colocation market size is expected to grow to $110.88 billion in 2027 at a CAGR of 14.0%.
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Major competitors in the Data Center Colocation market are Digital Realty Trust Inc., CyrusOne Inc., Global Switch, Cyxtera Technologies, Equinix Inc., China Telecom Corp.
A key trend in the Data Center Colocation market includes introduction of the underwater data center. The underwater data center is designed to use renewable electricity from tides and waves. It occupies less land onshore and is capable of using the flowing seawater to efficiently cool the electronics. In January 2021, Beijing Highlander Digital Technology Co, a China-based marine electronic technology products firm, and Guangzhou Shipyard International Co, a China-based shipbuilding enterprise, together introduced an underwater data center that involves the installation of internet facilities such as servers in airtight pressure vessels with the required cooling performance under the surface of the ocean.
Read More On The Global Data Center Colocation Market Report Here:
https://www.thebusinessresearchcompany.com/report/data-center-colocation-global-market-report
The Data Center Colocation market is segmented -
• By Type: Retail Colocation, Wholesale Colocation
• By Enterprise Size: Large Enterprise, Small Scale Enterprise
• By End-User: BFSI, IT And Telecom, Government And Defense, Healthcare, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Data Center Colocation market.
The Business Research Company's "Global Data Center Colocation Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Data Center Colocation Market Include:
1. Executive Summary
2. Data Center Colocation Market Characteristics
3. Data Center Colocation Market Trends And Strategies
4. Data Center Colocation Market - Macro Economic Scenario
5. Data Center Colocation Market Size And Growth
……………………………………………………………
26. Africa Data Center Colocation Market
27. Data Center Colocation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Center Colocation Market
29. Data Center Colocation Market Future Outlook and Potential Analysis
30. Appendix
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