Data Center Colocation Market share
The major factor driving the growth of data center collocation market include emerging need for reducing the IT Expenditure around the world.
Data Center Colocation Market
GMI Research anticipates that the Data Center Colocation Market to witness a significant Compound Annual Growth Rate over the forecast period (2020-2027).
The major factor driving the growth of data center collocation market include emerging need for reducing the IT Expenditure around the world. Its ability to provide glitch-free storage of portable technology along with increasing demand for IoT and public cloud services are expected to increase Data Center Colocation Market size in the coming years. Data center colocation provides several benefits such as high reliability for accommodating traffic burst and it helps the businesses to scale their operations by eliminating the need to invest in new infrastructure or support in the process, which will increase the growth of Data Center Colocation in the approaching years.
However, the growth of Data Center Colocation Market is hindered due to high investment required for setting up IT Equipment in data center facility. The remote support for maintenance activities put on additional cost on consumers, which might restrict the growth of Global Data Center Colocation Market in the near future.
Some of the leading players, operating in the market are CyrusOne Inc., AT&T, CoreSite Realty Corporation, Global Switch, NTT Communications Corporation, Equinix, Fujitsu Limited, Cyxtera Technologies and Verizon Communications Inc. among others.
Solution Type: Segment Analysis
Based on the solution type, the wholesale colocation segment is anticipated to grow at a significant rate during the forecast period due to growing demand for commercial space for assembling servers and huge volume of data.
End-Use Industry: Segment Analysis
Based on the end-use industry, the IT and telecommunication segment is anticipated to capture a substantial share in the market due to increasing number of mobile internet users across the world. As per the report from Statista, the active mobile internet users across the world, were around 4.32 billion in 2021.
Regional: Segment Analysis:
Based on region, North America is expected to hold a notable market share during the forecast period, due to increasing demand for e-healthcare services and growing usage of e-commerce platforms. The number of active internet mobile users in Canada has increased from 32.6 million in 2016 to 36.39 million in 2021, which would increase the growth of data colocation market in the coming years.
On the other hand, Asia-Pacific region is expected to grow at a significant rate attributed to increasing volumes of data traffic centers in countries such as South Korea, India, and China. As per the report from McKinsey, India emerged as the second fastest-growing digital economy and it predicts that IT and communications sector will double its size by 2025, and it will contribute around $355-435 billion to the GDP.
Global Data Center Colocation Market by Solution Type
• Wholesale Colocation
• Retail Colocation
Global Data Center Colocation Market by Organization Size
• Small and Medium Enterprises
• Large Enterprises
Global Data Center Colocation Market by End-Use Industry
• IT and Telecommunications
• Healthcare & Lifesciences
• Entertainment and Media
Global Data Center Colocation Market by Region
• Asia Pacific
o Rest of APAC
• North America
o United States of America
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland