The data center colocation market is expected to be growing rapidly because of the increasing number of users opting for cost-effective and energy-efficient data center solutions wholesale colocation type is expected to grow at the highest cagr the market, by type, has been segmented into retail colocation and wholesale colocation. Global data center colocation market is projected reach us $73804 billion by 2023 from us $3125 billion in 2017 growing at a cagr of 154% during the forecast period the demand for colocation space continues to witness high growth on account of the movement of enterprises towards cloud and virtualization solutions. Sarasota, fl -- -- 08/31/2018 -- global data center colocation market: overviewdata center colocation is the service offered by data centers to lease a space for hardware and networking bandwidth to enterprises, which require system administration supplier at affordable prices.
Marketresearchbiz delivers in-depth insights on the global data center colocation market in its upcoming report titled, “global data center colocation market trends, applications, analysis, growth, and forecast to 2027” the global data center colocation market is estimated to register a cagr of xxx% in terms of value during forecast period 2018–2027.
Data center colocation market for energy sector would exhibit highest cagr of 143% during the forecast period colocation hosting is a service that allows small and large enterprises to install their servers (or hire a server on rent) at a data center service provider’s location. The colocation data center market is expected to reach $36 billion worldwide by the end of 2017, according to a new report from 451 research the global footprint will grow over 40 million square feet in that time as well, from 109 million to close to 150 million square feet. North america market is a dominant player in the global data center colocation market and accounts for largest market share in terms of revenue as compared to that of markets in other regions this is attributed to adoption of data center from various industries such as government, bfsi, and others, and presence of leading data center service providers in the market. Operators in the data center colocation market are expected to comply with strict rules epa and osha regulations keep a check on the standard of data centers the connectivity issues coupled with fluctuating operating costs is expected to hamper the data center colocation market growth in the coming years.
The growing requirement for scalable data centers, reduced overall it expenditure, and the growing data center complexities are the major growth drivers of the data center colocation market in this study, 2016 has been considered as the base year and 2017–2022 as the forecast period.
Have a look at key market trends, customer landscape, supply chain and key participants, and major certifications in the colocation data center industry. The global market for colocation data center industry is expected to grow from $309 billion in 2016 to $548 billion by 2020, at a compound annual growth rate (cagr) of 154% for the period of 2016-2020. Global data center colocation market size is expected to grow at a rapid rate in the forecast timespan owing to growing complexities, requirement of scalable, reliable and safe infrastructure, reduced operational and installation costs, and requirement to incorporate sophisticated ways for data management in businesses.
The global data center colocation market is segmented based on type, end-user, industry vertical and geography by type the market is segmented into retail colocation and wholesale colocation currently, retail colocation has relatively high market share compared to wholesale colocation.
The global data center colocation market was valued at usd 2552 billion in 2017, and is expected to reach a value of usd 4734 billion by 2023, at a cagr of 1085% over the forecast period (2018 - 2023) colocation is a data center facility, where a corporation can rent space for servers and other computing hardware. The requirement to incorporate sophisticated ways for data management in businesses is boosting the data center colocation market growth colocation facilities provide cooling, power, space, storage, server security, and the networking equipment for the connection of these elements to network service providers and telecommunication networks at low cost. Both buyers and suppliers benefit from having multiple providers of similar data center colocation offerings in the same market buyers benefit from having multiple options to compare, and the assurance of getting a fair price.