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Global Data Center Colocation Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights
Data Center Colocation Market
Data Center Colocation Market offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.
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The Data Center Colocation Market: Overview
Data center colocation is when a service provider rents out vast amounts of floor space, internet bandwidth, and network from an existing data center to establish its own data center, store massive amounts of data, and oversee the server operations of big businesses. It enables data center colocation by sharing the existing infrastructure of data center resources.
As a result of the Covid-19 outbreak, colocation is becoming an essential component of staying connected, collaborating, and moving forward cost-effectively and safely. Healthcare organizations analyze patient outcomes using data and anticipate the spread of diseases using artificial intelligence. Strong network connectivity at Telehouse colocation centers in New York enables them to provide a range of commercial solutions.
The Data Center Colocation Market: Growth Factors
Over the projected period, it is predicted that the fast expansion of structured and unstructured data and the rising demand for cloud computing will drive the growth of the worldwide data center colocation market. Another factor anticipated to accelerate the development of colocation data centers is the rising capital expense associated with owning and maintaining sizable computing facilities.
A trend that is anticipated to continue during the projected period is that predictable prices, high dependability, simple scalability, and overall reduced costs are some of the primary reasons impacting colocation demand.
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High-capacity networks are becoming increasingly important as edge computing applications take off. Multi-locational hybrid data architectures have developed due to network latency challenges and the demand for instantaneous real-time insights.
Data transmission between data centers or private exchange points has therefore become crucial. Additionally, as more companies move their operations to the cloud, more bandwidth is needed to support quicker data processing and smoother data transfer.
The growth of immersive technologies like augmented reality, virtual reality, and artificial intelligence (AI), as well as 5G technology, has further contributed to the requirement for providing larger bandwidths for data transfer across organizations.
The Data Center Colocation Market: Key Insights
A) Based on type segmentation, the retail colocation segment is estimated to hold the largest market share during the forecast period.
B) Based on enterprise size segmentation, the large enterprise's colocation segment is the leading revenue-generating category during the forecast period.
C) Based on end-use insights segmentation, the large enterprise's colocation segment is the leading revenue-generating category during the forecast period.
D) Based on geography/region, the North American region was the leading revenue generator in 2021.
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The Data Center Colocation Market: Regional Landscape
Throughout the projection period, North America is expected to continue to be among the most alluring markets, and this region is accounted for the majority revenue share in the market. Large-scale IT firms like Amazon.com, Google LLC, and Facebook are heavily present in the area, which boosts the need for colocation data centers and necessitates a lot of storage space. One of the fastest-growing areas worldwide, the data center colocation market in the Asia Pacific is predicted to increase exponentially. This is mostly because of the rise in data center traffic in nations like China, India, and Australia.
The Data Center Colocation Market: Key Players
China Telecom Corp. Ltd.
CoreSite Realty Corp.
CyrusOne Inc.
NaviSite
NTT Communications Corp.
Cyxtera Technologies, Inc.
Digital Realty Trust Inc.
Equinix Inc.
Global Switch
Telehouse
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The Data Center Colocation Market: Segmented
By Type
Retail
Wholesale
By Enterprise Size
SMEs
Large Enterprises
By End Use Insights
Retail
BFSI
IT & Telecom
Healthcare
Others
The Data Center Colocation Market: Regions
North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
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