According to a new market research report ”Data CenterColocation Market by Type (Retail and Wholesale), End-user (SMES and LargeEnterprise, Industry (BFSI, IT & Telecom, Government & Defense,Healthcare, Research & Academic, Retail, Energy and Manufacturing), andRegion - Global Forecast to 2022", published by MarketsandMarkets™,The data center colocation market is expected to grow from USD 31.52 Billion in2017 to USD 62.30 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of14.60%.
The major forces driving the data center colocation market are therequirement for reliability, security and scalability of infrastructure,growing data center complexities, and the need for reduction of overall ITcosts. The data center colocation market is expected to be growing rapidlybecause of the increasing number of users opting for cost-effective andenergy-efficient data center solutions.
Browse 52 Market Data Tables and 69 Figures spread through 137Pages and in-depth TOC on "DataCenter Colocation Market by Type (Retail and Wholesale), End-user(SMES and Large Enterprise, Industry (BFSI, IT & Telecom, Government &Defense, Healthcare, Research & Academic, Retail, Energy andManufacturing), and Region - Global Forecast to 2022"
Major Key Players
The report also encompasses different strategies, such as mergersand acquisitions, partnerships and collaborations, and developments, adopted bythe major players to increase their shares in the market. Some of the majortechnology vendors include AT&T Inc. (US), China Telecom (China), CogentCommunications (US), Contegix (US), CoreSite Realty Corporation (US), CyrusOne(US), Cyxtera Technologies, Inc. (US), Digital Realty Trust, Inc. (US), DuPontFabros Technology, Inc. (US), Equinix, Inc. (US), Fibernet Inc. (US), GlobalSwitch (UK), Internap (US), Interxion (Netherland), Keppel Data Center Pte Ltd.(Singapore), Level 3 Communications Inc. , NTT Communications Corporation(Japan), PhoenixNAP (US), Rahi Systems Inc (US), Singtel (Singapore), STT GDC PteLtd. (Singapore), Telehouse-KDDI (UK), Telstra (Australia), TeraGo NetworksInc. (Canada), and Verizon (US).
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Data center colocation services are witnessing majortechnological changes and evolving with technological advancements. Data centercolocations offer economical solutions that facilitate reduced capital andoperational expenditures. In the future, data center colocation serviceproviders are expected to introduce smart technologies into their facilities,wherein managers would be able to keep track of real-time status of componentsand environmental measurements to keep the operations flowing smoothly. Datacenter colocations have also adopted advanced power efficiency measurementmetrics to provide real-time status of the data center operations.
The wholesale colocation segment in the data centercolocation market is expected to grow at a faster rate during the forecastperiod. Wholesale colocation services are adopted by customers that require completecontrol over the infrastructure. Data center colocation vendors can takeadvantage of this by providing scalable and resilient wholesale colocationservices that can be upgraded and expanded to cope with the increasing datavolumes.
The Small and Medium-Sized Enterprise (SME) segment isexpected to grow at the highest CAGR from 2017 to 2022. SMEs are rapidlyadopting data center colocation services, as these services provide increasedscalability, flexibility, and power usage and cost efficiencies. Vendors canprovide customized services that are targeted toward the SMEs to improve theirposition in the data center colocation market. The increasing demand forcost-effective data centers solutions, coupled with the advantages of scalableand secure infrastructure, is expected to have positively impacted the growthof the data center colocation market.
The Asia Pacific (APAC) market is expected to grow at thehighest CAGR during the forecast period. APAC offers potential growthopportunities due to the increasing investments in advanced technologies, surgein data traffic, and requirements for scalable data centers in SMEs in thisregion.
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