14-Apr-2022 | Zion Market Research
The global data center colocation market was worth around USD 56291.70 million in 2021 and is estimated to grow to about USD 135034.43 million by 2028, with a compound annual growth rate (CAGR) of approximately 15.7 percent over the forecast period. The report analyzes the data center colocation market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the data center colocation market.
Data Center Colocation market is expected to see stellar growth in the coming years as the trend of digitization takes over the world and internet penetration increases on a global scale. Data centers are being built across the world to effectively manage data volume that is increasing at a rapid pace owing to rise in popularity of cloud technology and other online solutions. Increasing popularity of OTT and streaming platforms is anticipated to further bolster the demand for data center colocation over the forecast period.
Data Center Colocation has proved its efficiency in lowering IT expenditure of organizations and this is what is majorly propelling its demand in large as well as small enterprises across the world. Increasing technological proliferation in the Asia Pacific region is expected to further bolster data center colocation market stance on a global level. India, China, and Japan are key countries that will see high demand for data center colocation services owing to rapid increase in adoption of cloud platforms.
OTTs are also expected to majorly boost the data center colocation market stance across the world and will be seeing a further increase in demand owing to rising penetration of streaming services across the world. High demand for data management and data colocation is expected to rise from the OTT platform sector over the forecast period.
The data center colocation market saw a boost in demand in the COVID-19 pandemic as adoption of cloud technology and clous solutions increased exponentially. With lockdown restrictions closing down offices the organizations turned towards technology for rescue and moved to a digital infrastructure to ensure optimal business operations in these adverse times, this led to large scale adoption of clodu platforms and hence increased the demand for data center colocation market.
The data center colocation market is projected to see high demand in the post-pandemic era as well and is expected to see good growth trend through 2028. Increasing digitization in emerging economies will further bolster data center colocation market potential in the long run.
Browse the full “Data Center Colocation Market By Type (Retail colocation, Wholesale colocation), By End-User (Small and Medium-Sized Enterprises (SMEs), Large Enterprises), By Industry (Banking, Financial Services, and Insurance (BFSI), IT and telecom, Government and defense, Healthcare, Research and academics, Retail, Energy, Manufacturing, Others (media and entertainment, and transportation and logistics)), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/data-center-colocation-market
The global Data Center Colocation market is segregated based on type, end user, industry, and region. Based on industry, the global market is distinguished into Banking, Financial Services, and Insurance (BFSI), IT and telecom, Government and defense, Healthcare, Research and academics, Retail, Energy, Manufacturing, and Others (media and entertainment, and transportation and logistics). The IT and telecom segment is currently leading the data center colocation market potential and is expected to do this through the forecast period as well. Increasing technological proliferation in all industries is expected to slow down this segment minimally but will continue on growth stance through 2028.
The market for data center colocation is anticipated to hold a dominant stance in the North America region and is projected to maintain this through 2028. Increasing use of technology, rapid adoption of novel technologies, presence of key technology companies, increasing spending on digitization, rising urbanization are some of the key factors propelling the data center colocation market growth in this region. High demand is expected to be seen from the United States as this nation is seeing digitization of almost all aspects of lifestyles.
Key players functioning in the global Data Center Colocation market include NTT Communication Corporation (Japan), Digital Realty Trust, Inc. (US), Cyxtera Technologies, Inc. (US), CyrusOne Inc. (US), Equinix, Inc. (US), Global Switch (UK), AT&T, Inc. (US), CoreSite Realty Corporation (US), China Telecom Corporation Limited (China), Verizon Enterprise Solutions, Inc. (US)
Global Data Center Colocation market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651