[216+ Pages Report] The latest findings and offering on the global data center colocation market are released by Facts & Factors in a neatly titled “Global Data Center Colocation Market”. We at Facts & Factors estimated the market value to be around USD 39.56 Billion in the year 2020 and will grow at a CAGR rate of 15.6% to an overall value of USD 67.98 Billion in the year 2026.
Global Data Center Colocation Market: Overview
Data center colocation locations or carrier hotels are often referred to as a type of data center where a wider range of equipment, space, and bandwidth are often made readily available in order to provide a retail-based outlook on the basis of cloud computing technology for consumers. These data centers often incorporate space, power, cooling, and physical spaces in order to store the server, storage, and various networking equipment for other firms in order to connect them to telecommunications and network services in a minimum cost setup. The equipment that a data center colocation sites comprise includes cabinets, cages, suites, and modules to name a few.
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Global Data Center Colocation Market: Growth Factors
The primary driving factors for the global data center relocation market are rising demand for scalable data centers, decreasing IT expenditure measures, and overall growing complexity of the IT infrastructure to name a few. Moreover, decreasing cost when compared to the working conditions of the IT enterprises coupled with the rising of modern business practices is expected to increase the footprint of the global data center colocation market during the forecast period. A rising trend of business solutions becoming inseparable from functional data centers coupled with data centers being synonymous with a rapid pace of IT scaling is expected to increase revenue opportunities for the global data center colocation market during the forecast period.
Rising demands from social media platforms and over-the-top platforms have further paved the way for a higher pathway for the rise of the global data center colocation market during the forecast period. Integration and a higher prevalence of technologies such as internet-of-things (IoT), cloud computing, autonomous vehicles, and advanced robotic measures are further expected to fuel the growth of the global data center colocation market during the forecast period. A rising number of smaller organizations using data centers for their day-to-day tasks is expected to open an additional revenue stream for the global data center colocation center during the forecast period. However, higher costs associated with data and the extensive high technical skills required for maintaining the latter are expected to hamper the growth of the global data center colocation market to some extent.
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Global Data Center Colocation Market: Segmentation
The global data center colocation market can be segmented into type, enterprise size, end-user, and regions.
The global data center colocation market can be divided into retail and wholesale on the basis of type. The segment pertaining to retail is expected to witness the largest market share during the advent of the forecast owing to the service offering incredible flexibility measures coupled with added integration for small-scale organizations due to a smaller flow of data when compared to its counterparts to name a few. The global data center colocation market can be broken down into SMEs and large-scale enterprises on the basis of enterprise size. The segment pertaining to large enterprise is expected to occupy the largest market share during the advent of the forecast owing to higher demand of product handling needs and larger data storage capabilities coupled with manufacturers offering lease agreements for retailing large floor scale in proximity for users intending to set up a pre-permanent data center colocation. The global data center colocation market can be fragmented across retail, BSFI, IT & Telecom, healthcare, media & entertainment, and others on the basis of end-users. The segment pertaining to IT & telecom is expected to dominate the market share during the advent of the forecast owing to the rising number of mobile internet users coupled with a continuous cycle of product development to name a few. Additionally, the emergence of 5G is expected to further uphold the dominant market position of the latter segment during the advent of the forecast period.
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Global Data Center Colocation Market: Regional Analysis
North America is expected to witness the largest market share during the advent of the forecast in terms of global market contribution. Factors credited with the dominance of the region can be attributed to the presence of significant key players in the region coupled with the rising number of cloud service providers to name a few. Additionally, the rising number of SMEs in the region integrating data center functionalities coupled with increasing e-commerce sales is expected to increase the footprint of the data center colocation market during the forecast period. Rising investments from retailers increating a strong IT infrastructure for storing data coupled with consumer segregation needs in terms of region, gender, and age groups are further expected to open new revenue opportunities for the data center colocation market during the forecast.
Global Data Center Colocation Market: Competitive Players
The key market participants in the global data center colocation market are China Telecom Corp Ltd., CoreSite Realty Corp, CyrusOne, Inc., Cyxtera Technologies, Inc., Digital Realty Trust, Inc., Equinix, Inc., Global Switch, NaviSite, NTT Communications, Inc., Telehouse, Interixon Holding N.V., Fabros Communications, Inc., Dupont and American Telephone & Telegraph Inc., and Zayo Group Holdings, Inc., to name a few.
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