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 andManufacturing), and Region - Global Forecast to 2022", published byMarketsandMarkets™, The data center colocation market is expected to grow fromUSD 31.52 Billion in 2017 to USD 62.30 Billion by 2022, at a Compound AnnualGrowth Rate (CAGR) of 14.60%.
The major forces driving the data center colocation market are therequirement for reliability, security and scalability of infrastructure,growing data center complexities, and the need for reduction of overall ITcosts. The data center colocation market is expected to be growing rapidlybecause of the increasing number of users opting for cost-effective andenergy-efficient data center solutions.
Browse 52 Market Data Tables and 69 Figures spread through 137Pages and in-depth TOC on "Data Center Colocation Market byType (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 to2022"
Major Key Players
The report also encompasses different strategies, such as mergersand acquisitions, partnerships and collaborations, and developments, adopted bythe major players to increase their shares in the market. Some of the majortechnology vendors include AT&T Inc. (US), China Telecom (China), CogentCommunications (US), Contegix (US), CoreSite Realty Corporation (US), CyrusOne(US), Cyxtera Technologies, Inc. (US), Digital Realty Trust, Inc. (US), DuPontFabros Technology, Inc. (US), Equinix, Inc. (US), Fibernet Inc. (US), GlobalSwitch (UK), Internap (US), Interxion (Netherland), Keppel Data Center Pte Ltd.(Singapore), Level 3 Communications Inc. , NTT Communications Corporation(Japan), PhoenixNAP (US), Rahi Systems Inc (US), Singtel (Singapore), STT GDCPte Ltd. (Singapore), Telehouse-KDDI (UK), Telstra (Australia), TeraGo NetworksInc. (Canada), and Verizon (US).
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Data center colocation services are witnessing majortechnological changes and evolving with technological advancements. Data centercolocations offer economical solutions that facilitate reduced capital andoperational expenditures. In the future, data center colocation serviceproviders are expected to introduce smart technologies into their facilities,wherein managers would be able to keep track of real-time status of componentsand environmental measurements to keep the operations flowing smoothly. Datacenter colocations have also adopted advanced power efficiency measurementmetrics to provide real-time status of the data center operations.
The wholesale colocation segment in the data centercolocation market is expected to grow at a faster rate during the forecastperiod. Wholesale colocation services are adopted by customers that requirecomplete control over the infrastructure. Data center colocation vendors cantake advantage of this by providing scalable and resilient wholesale colocationservices that can be upgraded and expanded to cope with the increasing datavolumes.
IT and Telecom industry to account for the largestmarket size in the data colocation market
The IT and telecom industryis expected to hold the largest market size owing to the need for secure,scalable, and flexible data center infrastructure to store the ever-increasingdata in the industry. Moreover, low capital and operational cost, andcontinuous data transaction among the potential companies over a high-speedconnection is fueling the demand for data center colocation services in the ITand telecom industry.
Small and Medium-Sized Enterprises (SMEs) to grow at ahigher CAGR in the data colocation market during the forecast period
The data colocation market,by end-user, has been segmented into SMEs and large enterprises. The highergrowth rate of SMEs is attributed to the lesser infrastructure autonomyrequirements that can be fulfilled by availing data center colocation services,which also provide security and flexibility to the enterprise. Growth in thenumbers of SMEs using a data center to store essential data would furtheraccelerate the adoption of colocation services in SMEs.
The global data centercolocation market is segmented based on regions into North America, AsiaPacific (APAC), Europe, Middle East & Africa (MEA), and Latin America.North America is expected to hold the highest share of the data centercolocation market in 2017, owing to the presence of a large number of data centercollocation service providers, and increasing investments and innovations inthe region. The market in APAC is expected to grow at the highest CAGR duringthe forecast period due to the increasing data traffic from social media andgaming sectors and the surge in usage of mobile devices in this region.
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