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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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.
The wholesale services are expected to witness a high adoption in the data center colocation market with the increasing flexibility in accessing and managing the internal resources in the dedicated space offered by service providers. These services allow enterprises to lease a data center space for designing and building their IT infrastructure facilities. They also allow businesses to take full responsibility of their data center devices. These businesses manage and maintain their equipment by setting up a separate expert team, which will allow them to modify their systems as per the business requirements. Such factors are predicted to drive the data center colocation industry growth.
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Driven by a widespread application segment which includes retail, IT & telecom, manufacturing, healthcare, government & defense, energy, and BFSI, the data center colocation market is set to garner commendable proceeds from various geographies in the upcoming years. Additionally, the drastically changing technology trends and the favorable impact of big data, IoT, and AI on cloud infrastructure would further open up new opportunities for the companies partaking in the data center colocation industry, which is slated to surpass USD 90 billion by 2024.
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. Market estimates and forecast, 2013 – 2024
4.3. Wholesale colocation
4.3.1. Market estimates and forecast, 2013 – 2024
Chapter 5. Data Center Colocation Market, By End-Use
5.1. Key trends, by end-use
5.2.1. Market estimates and forecast, 2013 – 2024
5.3. Large enterprises
5.3.1. Market estimates and forecast, 2013 – 2024
Chapter 6. Data Center Colocation Market, By Application
6.1. Key trends, by application
6.2.1. Market estimates and forecast, 2013 – 2024
6.3.1. Market estimates and forecast, 2013 – 2024
6.4. Government & defense
6.4.1. Market estimates and forecast, 2013 – 2024
6.5.1. Market estimates and forecast, 2013 – 2024
6.6. IT & telecom
6.6.1. Market estimates and forecast, 2013 – 2024
6.7.1. Market estimates and forecast, 2013 – 2024
6.8.1. Market estimates and forecast, 2013 – 2024
6.9.1. Market estimates and forecast, 2013 – 2024
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