The global data center colocation market size is expected to reach USD 104.77 billion by 2027, expanding at a CAGR of 12.9% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Colocation is the practice of renting infrastructure and space for servers and various storage devices at a third-party provider’s facility. Colocation providers provide enterprises with infrastructure, along with other related services, such as physical security, networking, and power and cooling components. Reduction in the overall IT cost, enhanced security for the data, free maintenance of servers, and predictable yearly or monthly costs are motivating enterprises to adopt colocation services.
Rising
adoption of online shopping is anticipated to upkeep the market growth over the
next fewyears.Rising number of online shoppers directly translates to an
increased volume of data across the retail industry. Large volume of data has
led to increased investments in IT infrastructure, especially in data
centers.In order to save IT costs, more and more retailers are opting for
colocation centers, which is driving the market in the retail sector.
Increasing
number of smartphone users has led to a large volume of data for telecom
operators to manage. Considering the rising disposable income in developing
economies, the number of smartphone users is bound to rise, which will result
in additional volume of data. Telecom operators are opting for colocation
centers to minimize their IT expenditure and manage data efficiently, thus
fueling the market growth. However, security concerns among customers can
hinder the market growth over the forecast period. Colocation providers are
offering additional services such as facility monitoring over CCTV cameras to
gain the trust of their customers.
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Data Center
Colocation Market Report Highlights
- By colocation type, the
wholesale segment is projected to expand at the fastest CAGR of 16.2% over
the forecast period as global companies, such as Microsoft Corporation and
Oracle Corporations, are renting wholesale colocation centersfor their
servers
- On the basis of enterprise
size, the SMEs segment is expected to expand at the fastest CAGR of 15.5%
from 2020 to 2027. This is due to the cost reduction benefits offered by
colocation providers for SMEs that rely on digital infrastructure for
their business growth
- Based on end use, the IT and
telecom segment held the largest market share of 26.58% in 2019.This is
attributed to escalating number of mobile internet users, which has led to
a rise in thevolume of digital data
- The market is characterized
by intense competition owing to the presence of several large
organizations. Key players in the market are focused on expansion of their
geographical presence to sustain competition.
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Data Center
Colocation Market Segmentation
Grand View Research has segmented
the global data center colocation market on the basis of colocation type,
enterprise size, end use, and region:
Data Center
Colocation Type Outlook (Revenue, USD Billion, 2016 - 2027)
- Retail
- Wholesale
Data Center
Colocation Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2027)
- SMEs
- Large Enterprises
Data Center
Colocation End-use Outlook (Revenue, USD Billion,2016 - 2027)
- Retail
- BFSI
- IT & Telecom
- Healthcare
- Media & Entertainment
- Others
Data Center
Colocation Regional Outlook (Revenue, USD Billion, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
List of Key Players
of Data Center Colocation Market:
- China Telecom Corporation
Limited
- CoreSite Realty Corporation
- CyrusOne Inc.
- Cyxtera Technologies, Inc.
- Digital Realty Trust, Inc.
- Equinix, Inc.
- Global Switch
- NaviSite
- NTT Communications
Corporation
- Telehouse
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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