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(IT-NEWSWIRE.COM, September 24, 2019 ) According to a new market 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.
Browse 52 Market Data Tables and 69 Figures spread through 137 Pages and in-depth TOC on "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"
Data center colocation services are witnessing major technological changes and evolving with technological advancements. Data center colocations offer economical solutions that facilitate reduced capital and operational expenditures. In the future, data center colocation service providers are expected to introduce smart technologies into their facilities, wherein managers would be able to keep track of real-time status of components and environmental measurements to keep the operations flowing smoothly. Data center colocations have also adopted advanced power efficiency measurement metrics to provide real-time status of the data center operations.
The wholesale colocation segment in the data center colocation market is expected to grow at a faster rate during the forecast period. Wholesale colocation services are adopted by customers that require complete control over the infrastructure. Data center colocation vendors can take advantage of this by providing scalable and resilient wholesale colocation services that can be upgraded and expanded to cope with the increasing data volumes.
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North America to dominate the data center colocation market during the forecast period
The global data center colocation market is segmented based on regions into North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the highest share of the data center colocation market in 2017, owing to the presence of a large number of data center collocation service providers, and increasing investments and innovations in the region. The market in APAC is expected to grow at the highest CAGR during the forecast period due to the increasing data traffic from social media and gaming sectors and the surge in usage of mobile devices in this region.
Major technology vendors in the data center colocation market include AT&T Inc. (US), CoreSite Realty Corporation (US), CyrusOne (US), Cyxtera Technologies, Inc. (US), Digital Realty Trust, Inc. (US), DuPont Fabros Technology, Inc. (US), Equinix, Inc. (US), Global Switch (UK), Level 3 Communications Inc. (US), and NTT Communication Corporation (Japan).
Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/colocation-market-1252.html
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Content Source: https://www.marketsandmarkets.com/PressReleases/colocation.asp
MarketsandMarkets™
Mr. Shelly Singh
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raviraj.tak@marketsandmarkets.com
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