According to a new market research report, "Data Center Colocation Market by
Service Types (Retail, Wholesale), Industry Verticals (Banking & Insurance,
IT & Telecom, Healthcare, Government & Public, Energy), End Users
(SMEs, Large Enterprises) & by Regions - Global Forecast to 2020",
published by MarketsandMarkets, the Market is estimated to grow from USD 25.70 Billion in 2015 to USD 54.13 Billion by 2020, at a compound annual growth
rate (CAGR) of 16.1%.
Browse 74 market Tables and 42 Figures spread through 143
Pages and in-depth TOC on "Data
Center Colocation Market"
Early buyers will receive 10% customization on this report.
Organizations are facing a major challenge of
non-availability of strategic location for the data centers. This highlights
the robust need for cloud hosting and virtualization to manage requirements of
the organization for their data storage. With the increase in IT investment in
the developing regions, such as Asia-Pacific (APAC)
and Middle
East and Africa (MEA), the market is expected to
witness an upsurge.
Increasing adoption of cloud computing will drive the Data Center Colocation Market
The major forces driving the Data Center Colocation
Market are increasing adoption of cloud computing, reduction in capital
expenditure, and improvement of disaster recovery capabilities. Increasing
penetration of cloud has introduced the concept of hybrid platform, including
cloud and traditional colocation that eases the storage and management of
organizations' data. Moreover, colocation services help organizations in cost
optimization and in effectively managing their processes, such as disaster
recovery and safe backup system.
Wholesale colocation market is expected to increase
during the forecast period
Benefits of reduced power, cooling cost, and reduced
total cost of ownership of large data facility are some of the benefits
provided by the wholesale colocation, thereby, increasing its market growth
during the forecast period. It also manages additional responsibilities for the
management in terms of power needs, services, and support, which are increasing
its popularity in the Data Center Colocation Market.
North America dominates the Data Center Colocation Market during the forecast period
The Data Center Colocation Market segments the global
market on the basis of regions, which includes North America,
APAC, Europe,
MEA, and Latin
America. North America is
expected to hold the largest share of the Data Center Colocation Market during
the forecast period due to technological advancements and increase in IT
capacity requirement. APAC market is expected to grow at the highest CAGR
between 2015 and 2020. The primary driving forces for this growth are
organizations' migration toward cloud and overall increase in the data
production.
The report also encompasses different strategies such as
business expansion, contracts and agreements, acquisition, partnerships and
collaborations, and product developments adopted by major players to increase
their share in the market. Some of the major technology vendors include CenturyLink,
Digital Reality, Equinix, NTT Communications, Verizon, AT&T, Level 3,
Telecity Group, and Coresite.
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