Global Data Center Colocation Market Trends, Applications, Analysis, Growth, and Forecast to 2027

The global data center colocation market Report Overview:

“The global data center colocation Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The data center colocation report offers in-depth insights, revenue details, and other vital information regarding the global data center colocation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The report offers insightful and detailed information regarding the various key players operating in the global data center colocation market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global data center colocation market report has been segmented on the basis of type, end user, industrial vertical, and region.

Data center colocation is a facility provided for enterprises and businesses where they can rent space for servers and other computing hardware. Data centers are equipped with power back up facility, IP system, and a cooling unit. Sometimes when a business or enterprise cannot have his own data center colocation, they buy the space in terms of rack or cabinets from other colocation data centers.

Increasing need to reduce capital expenditure and operational cost is a major factor boosting demand for data center colocation. In addition, availability of wide option especially for small companies, security of information & required power backup, and full control of server are some other factors expected to fuel growth of the global data center colocation market.

High initial setup cost is a major challenge restraining growth of the global data center colocation market. Additionally, use of cloud based services, maintenance of the data center and updating a large computing facility, and location of data center are other challenges expected to hamper growth of the global data center colocation market over the forecast period.

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. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to the rapid development of telecommunication & IT sector in emerging economies in this region.

The Europe market accounts for the second largest revenue share contribution to the global data center colocation market followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively.

Global Data Center Colocation Market Segmentation:

Global Data Center Colocation market segmentation, by type:

• Retail data center colocation
• Wholesale data center colocation

Global Data Center Colocation market segmentation, by end-user:

• Large enterprise
• Small enterprise

Global Data Center Colocation market segmentation, by industry vertical:

• BFSI
• Government & Public sector
• Telecom & IT
• Healthcare & Life Science
• Others

Global Data Center Colocation market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa