According toa research report "Data Center Colocation Market by Type (Retail andWholesale), End-user (SMES and Large Enterprise, Industry (BFSI, IT &Telecom, Government & Defense, Healthcare, Research & Academic, Retail,Energy and Manufacturing), and Region - Global Forecast to 2022",published by MarketsandMarkets, the data center colocation market is expectedto grow from USD 31.5 billion in 2017 to USD 62.3 billion by 2022, at aCompound Annual Growth Rate (CAGR) of 14.6% during the forecast period. Theneed for reduction of overall IT costs; reliability, security, and scalabilityof infrastructure; and growing data center complexities are the major driversaccelerating the growth of the data center colocation market, globally. Therapid growth of the market is also attributed to the increasing number of usersopting for cost-effective and energy-efficient data center solutions to managedaily data requirements.
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IT andTelecom industry to account for the largest market size in the data colocationmarket
The IT andtelecom industry is expected to hold the largest market size owing to the needfor secure, scalable, and flexible data center infrastructure to store theever-increasing data in the industry. Moreover, low capital and operationalcost, and continuous data transaction among the potential companies over ahigh-speed connection is fueling the demand for data center colocation servicesin the IT and telecom industry.
Small andMedium-Sized Enterprises (SMEs) to grow at a higher CAGR in the data colocationmarket during the forecast period
The datacolocation market, by end-user, has been segmented into SMEs and largeenterprises. The higher growth rate of SMEs is attributed to the lesserinfrastructure autonomy requirements that can be fulfilled by availing datacenter colocation services, which also provide security and flexibility to theenterprise. Growth in the numbers of SMEs using a data center to storeessential data would further accelerate the adoption of colocation services inSMEs.
NorthAmerica to dominate the data center colocation market during the forecastperiod
The globaldata center colocation market is segmented based on regions into North America,Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America.North America is expected to hold the highest share of the data centercolocation market in 2017, owing to the presence of a large number of datacenter collocation service providers, and increasing investments andinnovations in the region. The market in APAC is expected to grow at the highestCAGR during the forecast period due to the increasing data traffic from socialmedia and gaming sectors and the surge in usage of mobile devices in thisregion.
Majortechnology vendors in the data center colocation market include AT&T Inc.(US), CoreSite Realty Corporation (US), CyrusOne (US), Cyxtera Technologies,Inc. (US), Digital Realty Trust, Inc. (US), DuPont Fabros Technology, Inc.(US), Equinix, Inc. (US), Global Switch (UK), Level 3 Communications Inc. (US),and NTT Communication Corporation (Japan).
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