The Data Colocation Market Industry is growing at a rapid pace across the globe. The substantial revenue increase attributes to data colocation advantages in healthcare, IT telecom, energy, government, banking insurance, and other industries. Besides, the unique advantages of hybrid clouds in colocation data centers drive the market growth, increasing investments in the hybrid cloud.
Market Research Future (MRFR), in its recent market analysis, asserts that the global Data Colocation Market Industry is poised to worth USD 51 BN by 2027, registering 12% CAGR throughout the assessment period (2021-2027). Data colocation also enables organizations to increase their business potential by focusing on their core business and reducing their capabilities to recover catastrophes. This, as a result, fosters the growth of the Data Colocation Market Industry.
Additionally, augmenting market demand led by the increasing numbers of data centers and companies drives the growth of the market.
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Many cloud services available through hybrid cloud frameworks are easy to implement at a lower cost by creating a private cloud or avoiding the cloud altogether in favor of traditional virtual machines. Moreover, the ability to provide environmental controls while reducing on-premises data centers hassles such as the requirement of constant power, cooling and maintenance of IT equipment escalate the market growth.
Moreover, novel opportunities and Data Colocation Market Industry trends, such as the rising adoption of cloud computing, accelerate market growth. Most data colocation provider companies are coming up with new opportunities, leveraging digital technology and cloud computing, creating substantial market demand.
On the flip side, the lack of appropriately large locations near organizations to establish data centers is a significant factor projected to impede the market growth. Also, rising concerns of losing control over servers and hence businesses hamper the Data Colocation Market Industry growth, restricting adoption initiatives.
Data Colocation Market Industry - Competitive Landscape
The global Data Colocation Market Industry appears highly competitive, with several well-established players forming a competitive landscape. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers acquisitions, collaboration, expansion, and product/ technology. The data colocation providers are coming up with new and planned expansions to provide better services.
Major Players:
Players active in the global Data Colocation Market Industry are SunGard availability services (US), CenturyLink, Inc.(US), Equinix, Inc.(US), Global Switch Corporation (UK), KDDI Telehouse Corporation (Japan), CoreSite Realty Corporation(US), Interxion Holding NV (Netherlands), DuPont Fabros Technology, Inc.(US), American Telephone Telegraph, Inc. (US), and Verizon Communication, Inc.(US), among others.
Data Colocation Market Industry - Segments
The market is segmented into four dynamics;
By Service Type : Small and Large Scale.
By Components : Network Hardware, Server Storage, Cooling Units, and others.
By End Users : Healthcare, IT Telecom, Energy, Government, Banking Insurance, and others.
By Regions : Americas, Europe, Asia Pacific, and the Rest-of-the-World.
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Global Data Colocation Market Industry - Regional Analysis
North America dominates the global Data Colocation Market Industry. The largest market share attributes to the presence of a large number of data colocation providers and the increasing numbers of data centers in the region.
Besides, increasing data center requirements in IT capacity management, alongside the advanced technological architectures, help the region to create substantial market demand. The North American Data Colocation Market Industry would retain its dominance over the global market throughout the assessment period.
Europe stands second in the global Data Colocation Market Industry. The increasing investment by tech leaders in data collocation technology developments drives the growth of the market. Additionally, increasing numbers of data colocation companies in the region impact the data colocation industry positively.
Furthermore, rising expenses into data centers depending on their analytics strategies influence the Data Colocation Market Industry growth. The European Data Colocation Market Industry valuation is projected to increase at an impressive growth rate during the review period.
The Asia Pacific Data Colocation Market Industry is growing at a rapid pace. Factors such as the vast increase in data production and migration of organizations towards the cloud influence the regional market growth. Moreover, the rising demand for the lower operational cost of data centers with reduced latency to target medium-sized local businesses fosters the regional market's development.
Besides, technical advancements and well-established infrastructure, alongside the increasing numbers of SMEs in the region, propel the market growth. The growing China telecom market is estimated to contribute to the rising demand for data colocation in the region. The APAC Data Colocation Market Industry is projected to grow at the fastest rate during the forecast period.
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