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Data Colocation Market Research Report- Forecast till 2030
Market Highlights
Market Research Future (MRFR), in its recent market analysis, asserts that the global data colocation market is poised to worth $24.86 Billion by 2030, registering 10.31% CAGR throughout the assessment period (2020-2030). Data colocation also enables organizations to increase their business potential by focusing on their core business and reducing their capabilities to recover catastrophes. This, as a result, fosters the growth of the data colocation market.
Colocation data centers often serve as a connection point between on-premise and on-cloud data centers. Various advantages of adopting data colocation are that it helps an organization save time, money and reduces the problems associated with on-premise data centers which often demand constant maintenance. Another vital growth-promoting factor for the market is the capability of data colocation to enable enterprises to increase business potential by allowing them to focus on core activities. Moreover, data colocation provides access to central data storage, backups, environmental controls, firewalls, and security or hosting serves to name a few. The reduced need for constant maintenance is a strong driving factor of growth.
The data colocation market is growing at a rapid pace across the globe. The substantial revenue increase attributes to data colocation advantages in healthcare, IT & telecom, energy, government, banking & insurance, and other industries. Besides, the unique advantages of hybrid clouds in colocation data centers drive the market growth, increasing investments in the hybrid cloud.
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Many cloud services available through hybrid cloud frameworks are easy to implement at a lower cost by creating a private cloud or avoiding the cloud altogether in favor of traditional virtual machines. Moreover, the ability to provide environmental controls while reducing on-premises data centers hassles such as the requirement of constant power, cooling and maintenance of IT equipment escalate the market growth.
Major Players:
Players active in the global data colocation market are SunGard availability services (US), CenturyLink, Inc.(US), Equinix, Inc.(US), Global Switch Corporation (UK), KDDI Telehouse Corporation (Japan), CoreSite Realty Corporation(US), Interxion Holding NV (Netherlands), DuPont Fabros Technology, Inc.(US), American Telephone & Telegraph, Inc. (US), and Verizon Communication, Inc.(US), among others.
Segmentation:
The global data colocation market has been segmented on the basis of service type, components, end-users, and region. Service type available in the data colocation market has been segmented into small scale and large scale. Large scale businesses are more likely to avail of data colocation services.
Components have been segmented into network hardware, cooling units, server & storage, and others.
End-users of data colocation have been segmented to include banking & insurance, IT & telecom, healthcare, government, energy, and others.
Regions covered in the report include Europe, North America, Asia Pacific and the Rest of the World.
Regional Analysis
North America dominates the global data colocation market. The largest market share attributes to the presence of a large number of data colocation providers and the increasing numbers of data centers in the region.
Besides, increasing data center requirements in IT capacity management, alongside the advanced technological architectures, help the region to create substantial market demand. The North American data colocation market would retain its dominance over the global market throughout the assessment period.
Europe stands second in the global data colocation market. The increasing investment by tech leaders in data collocation technology developments drives the growth of the market. Additionally, increasing numbers of data colocation companies in the region impact the data colocation industry positively.
Furthermore, rising expenses into data centers depending on their analytics strategies influence the data colocation market growth. The European data colocation market valuation is projected to increase at an impressive growth rate during the review period.
The Asia Pacific data colocation market is growing at a rapid pace. Factors such as the vast increase in data production and migration of organizations towards the cloud influence the regional market growth. Moreover, the rising demand for the lower operational cost of data centers with reduced latency to target medium-sized local businesses fosters the regional market’s development.
Besides, technical advancements and well-established infrastructure, alongside the increasing numbers of SMEs in the region, propel the market growth. The growing China telecom market is estimated to contribute to the rising demand for data colocation in the region. The APAC data colocation market is projected to grow at the fastest rate during the forecast period.
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Data Colocation Market – Competitive Landscape
The global data colocation market appears highly competitive, with several well-established players forming a competitive landscape. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/ technology. The data colocation providers are coming up with new and planned expansions to provide better services.
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Innovation/ Industry/Related News:
November 17, 2020 — Oracle Corporation (the US), a leading global computer technology company, announced heavy investments in hybrid cloud solutions that cater to use cases involving colocation facilities. The company relies on colocation to host its public cloud and offers a hybrid cloud solution hosted in the same manner.
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