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Data Center Colocation Market in Wholesale Segment is Estimated to Witness a Growth of Nearly 17% CAGR by 2024

Author : Ronak Bora | Published Date : 2019-05-13 

The wholesale data center colocation market is anticipated to showcase a growth of nearly 17% CAGR over the forecast timespan. These providers rent the entire constructed facility to customers. They usually serve large-scale enterprises and rent out the data center space that ranges between 10,000 – 20,000 sq. feet or larger along with the cooling & power infrastructure. Several multinational enterprises that need to store a massive amount of data are dependent on these providers.

The enterprises are responsible for bearing the costs that are associated with the power, capacity, network connectivity, and internal staff. Wholesale users benefit from economies of scale as the services provide reduced cooling and power costs in comparison with retail colocation. Such factors are encouraging several large-scale industries to establish their facilities in the space offered by these players, thereby accelerating the data center colocation market growth.

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The data center colocation market is predicted to witness a substantial growth over the coming years with the rise in the adoption of these services in SMEs. High initial costs associated with setting up the infrastructure facilities and the integration of several advanced solutions such as Automated Infrastructure Management (AIM) solutions are driving business expenses. These factors are compelling enterprises to focus on leasing facilities that will help in lowering the mounting expenses.

Growth drivers of data center colocation market: -

  1. North America & Europe
    1. Rising costs involved in owning a large infrastructure facility
    2. Growing demand for hybrid cloud and virtualization technologies
    3. Increasing concerns of several industries and enterprises regarding IT infrastructure budget
  1. Asia Pacific
    1. Growing adoption of the green data center facilities
    2. Increasing network complexities in the data center facilities
    3. Rising demand for public cloud and IoT
    4. Rise in the number of SMEs in India
  1. Latin America
    1. Flourishing services industry in Brazil
    2. Presence of free trade zones in Colombia
    3. Business-friendly regulations in Chile
    4. Public sector growth in Peru
  1. MEA
    1. Increasing deployments of the modular data centers
    2. Improving connectivity levels and rising data traffic volumes

Several advantages offered by these services to the SMEs include increased scalability & flexibility, predictable installation & integration costs, 24x7 support, and improved security of the business data. With increasing data center traffic, SMEs are increasingly adopting hosting services, thereby fueling the data center colocation market growth.

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The government & defense sectors are adopting these services to manage the confidential & classified data that needs to be stored safely. The service providers ensure that the IT facilities are protected securely with advanced management solutions to protect the data loss. These players are integrating several solutions such as DCIM, which are used for several applications including asset management and device discovery. Moreover, the government institutions need to manage crucial data that will include the statistics related to the economic or political information of the country, thereby propelling the demand in the data center colocation market.

Major players operating in the data center colocation market are Verizon Communication Ltd., Centurylink Technology Solutions, Equinix, Inc., NTT Data Corporation, Interxion Holding NV, Internap Corporation Global Switch Corporation, Cyxtera Technologies, Inc., KDDI Corporation, China Unicom, China Telecom Corporation Limited, Digital Realty Trust, Inc., CyrusOne, Inc., and Rackspace, Inc., among others.

Additionally, the drastically changing technology trends and the favorable impact of big data, IoT, and AI on cloud infrastructure would further open up new opportunities for the companies partaking in the data center colocation market, which is slated to surpass USD 90 billion by 2024.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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