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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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.
Elaborating further, the process of hosting an onsite facility needs skilled professionals to safeguard the data center from cyberattacks, which is the most pervasive threat. To tackle all these challenges, several data center colocation service providers are combining innovative solutions in their facilities to offer modern enterprises with secure infrastructure at the very initial stage of colocation.
North America data center colocation market is growing at a rapid pace with the rising urbanization and industrialization in several economies of the region. Countries such as the U.S. and Canada are the fastest growing economies, where the global companies have established their business base. Several global companies that are generating massive volumes of business data due to their rapidly expanding operations are Facebook, Google, and Amazon. These companies are engaged in partnerships with the players in data center colocation market for the effective management of their IT facilities. For instance, Google partnered with Equinix, Inc. for the supply of colocation services.
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Major players participating in the data center colocation market are: Digital Realty Trust, Inc., Internap Corporation, Interxion Holding NV, NTT Data Corporation, Equinix, Inc., AT&T, Inc, Centurylink Technology Solutions, Global Switch Corporation, China Telecom Corporation Limited, Rackspace, Inc.Verizon Communication Ltd., China Unicom, CyrusOne, Inc., Cyxtera Technologies, Inc., and KDDI Corporation among others. Players in the data center colocation market are expanding their business activities internationally to cater to the widespread demand for such services.
Major Key Points from Table of Content:
Chapter 4. Data Center Colocation Market, By Type
4.1. Key trends, by type
4.2. Retail colocation
4.2.1. Data Center Colocation Industry estimates and forecast, 2013 – 2024
4.3. Wholesale colocation
4.3.1. Data Center Colocation Industry estimates and forecast, 2013 – 2024
Chapter 5. Data Center Colocation Market, By End-Use
5.1. Key trends, by end-use
5.2.1. Data Center Colocation Industry estimates and forecast, 2013 – 2024
5.3. Large enterprises
5.3.1. Market estimates and forecast, 2013 – 2024
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