Data Colocation Market Analysis:
The global data colocation market is poised to surpass USD 51 billion at a staggering 12% CAGR over the forecast period. Data colocation refers to services offered by companies which provide a secure, shared space for an enterprise business for storing hardware associated to data storage as well as other equipment. It is a popular service which is used by businesses which may not possess the resources required for maintaining their respective data center, yet still desire to reap all the advantages. Data colocation helps organizations in boosting the potential of their business by laying emphasis on the core business and decreasing their capabilities during recovery of catastrophes.
There are abundant factors that is driving the growth of the Data Colocation Market. These factors as stated by the Market Research Future (MRFR) report include increasing awareness about reduction of carbon footprints, growing interest and focus in cloud computing, ability to offer access to hosting servers or managed security, backups, central data storage, fire suppression systems, firewalls and environmental controls, and cut down the problem of on-premise data centers which need cooling, constant maintenance and power for supporting the IT equipment.
On the contrary, issues related to data center connectivity, compliance and regulatory issues, fluctuating cost of equipment and operating expenditure, high initial cost, unavailability of big spacious locations adjacent organizations to establish data centers are factors that may impede the growth of the data colocation market over the forecast period.
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Major Key Players:
Leading players profiled in the data colocation market include Global Switch Corporation (UK), KDDI Telehouse Corporation (Japan), CoreSite Realty Corporation (U.S.), CenturyLink, Inc. (U.S.), Verizon Communication, Inc. (U.S.), Interxion Holding NV (Netherlands), American Telephone & Telegraph, Inc. (U.S.), Equinix, Inc. (U.S.), DuPont Fabros Technology, Inc. (U.S.), SunGard availability services (U.S.) and others.
Market Segmentation:
The MRFR report offers a wide segmental analysis of the data colocation market on the basis of components, service type and end-users.
- Based on service type, the data colocation market is segmented into large scale and small scale. Of these, the large-scale segment will have the largest share in the market over the forecast period.
- Based on components, the data colocation market is segmented into server and storage, cooling units, network hardware and others.
- Based on end-users, the data colocation market is segmented into energy, government, healthcare, IT and telecom, banking and insurance and others. Of these, IT and telecom will dominate the market over the forecast period.
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Regional Analysis:
By region, the data colocation market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, North America and Europe. Of these, North America will spearhead the market over the forecast period. This is owing to the region’s growing number of IT capacity and data center requirements.
The presence of key players here that are utilizing advanced infrastructural architecture for promoting the growth of the market is likely to influence the data colocation market positively. In the Asia Pacific region, the data colocation market is predicted to develop rapidly over the forecast period on account of the substantial boost in data production, thus migration of companies towards cloud.
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Global Data Colocation Market Information, By Service Type (Small Scale, Large Scale), by Components (Network Hardware, Server & Storage, Cooling Units), by End Users (Banking, IT, Healthcare, Government) - Forecast 2027Market InsightsData colocation primarily refers to data center services which are rented out to business to power services, storage, networking, cooling of services and various other computing services.
Market Research Future has studied the global data colocation market with great care to arrive at educated conclusions regarding the growth of the market over the forecast period from 2020 to 2027.
MRFR has calculated the growth of the market at a CAGR of 12% during the assessment period.Data centers colocation market often serve as a connection point between on-premise and on-cloud data centers.
Various advantages of adopting data colocation are that it helps an organization save time, money and reduces the problems associated with on-premise data centers which often demand constant maintenance.
Another vital growth-promoting factor for the market is the capability of data colocation to enable enterprises to increase business potential by allowing them to focus on core activities.
Large scale businesses are more likely to avail of data colocation services.Components have been segmented into network hardware, cooling units, server & storage, and others.End-users of data colocation have been segmented to include banking & insurance, IT & telecom, healthcare, government, energy, and others.Regions covered in the report include Europe, North America, Asia Pacific and the Rest of the World.Regional AnalysisNorth America is likely to dominate the market due to the regions possession of the largest share of the global data colocation market.
Data center colocation, simply put, is a process to rent out network bandwidth, physical space, and other resources by a company in an existing data center.
Owing to its alluring features and plentiful benefits, data colocation has wide applications in energy, government, healthcare, IT and telecom, banking and insurance, and others.Various factors are propelling the data colocation market share.
Additional factors adding market growth include the rise in smartphone users, the need to cut down operational cost and capital expenditure, availability of wide choices for small companies, full control of server, required power backup, and security of information.On the contrary, stringent government policies and regulations, location restraints for colocation facilities, high start-up and maintenance costs, and the on-going COVID-19 impact are factors that may limit the global data colocation market growth over the forecast period.Market SegmentationThe MRFR report highlights an inclusive segmental analysis of the global data colocation market based on end users, components, and service type.By service type, the global data colocation market is segmented into large scale and small scale.
Of these, the large scale segment will lead the market over the forecast period.By components, the global data colocation market is segmented into server and storage, cooling units, network hardware, and others.By end users, the global data colocation market is segmented into energy, government, healthcare, IT and telecom, banking and insurance, and others.
Of these, the IT and telecom segment will dominate the market over the forecast period.Regional AnalysisBased on the region, the data colocation market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).
The growing number of data center needs in IT capacity, presence of top data center service providers, use of advanced infrastructural architecture, and the rising adoption from different industries including BFSI, government, and others are adding to the global data colocation market growth in the region.The global data colocation market in the APAC region is predicted to grow at a fast pace over the forecast period.
According to a research report "Data Center Colocation Market by Type (Retail and Wholesale), End-user (SMES and Large Enterprise, Industry (BFSI, IT & Telecom, Government & Defense, Healthcare, Research & Academic, Retail, Energy and Manufacturing), and Region - Global Forecast to 2022", published by MarketsandMarkets, the data center colocation market is expected to grow from USD 31.5 billion in 2017 to USD 62.3 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.
The need for reduction of overall IT costs; reliability, security, and scalability of infrastructure; and growing data center complexities are the major drivers accelerating the growth of the data center colocation market, globally.
The rapid growth of the market is also attributed to the increasing number of users opting for cost-effective and energy-efficient data center solutions to manage daily data requirements.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1252IT and Telecom industry to account for the largest market size in the data colocation marketThe IT and telecom industry is expected to hold the largest market size owing to the need for secure, scalable, and flexible data center infrastructure to store the ever-increasing data in the industry.
Moreover, low capital and operational cost, and continuous data transaction among the potential companies over a high-speed connection is fueling the demand for data center colocation services in the IT and telecom industry.Small and Medium-Sized Enterprises (SMEs) to grow at a higher CAGR in the data colocation market during the forecast periodThe data colocation market, by end-user, has been segmented into SMEs and large enterprises.
The higher growth rate of SMEs is attributed to the lesser infrastructure autonomy requirements that can be fulfilled by availing data center colocation services, which also provide security and flexibility to the enterprise.
Growth in the numbers of SMEs using a data center to store essential data would further accelerate the adoption of colocation services in SMEs.North America to dominate the data center colocation market during the forecast periodThe global data center colocation market is segmented based on regions into North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America.
