The ever growing need for additional data storage capacity to meet internal and external IT demands has led to the growth of the growth of data center colocation market. Data centers have emerged to assist in business expansion without being worried about in-house data center capacity. It is an easy way out for SME’s to not worry about investing in technology, yet expanding businesses seamlessly. Colocation data center offers a platform that needs zero upfront cost. Enterprises with local presence, in particular, have been following the trend of leasing space from colocation providers.
Global Data Center Colocation Market attained a market size of $28,926.2 Million in 2015 and is expected to reach $66,948.0 Million by 2022 growing at a CAGR of 12.8% CAGR during 2016 – 2022.
North America was the largest revenue-generating region during 2015 and the region would remain a leading region during the forecast period and is expected to grow at a CAGR of 10.0% during the forecast period 2016-2022. Increasing number of IT industries, restrained IT budgets and presence of large number of colocation providers in North America are factors contributing to the dominance of the region.
On the other hand, the Asia-Pacific region would register the high CAGR of 14.9% during the forecast period 2016-2022. The growing need for data centers among different industry verticals has continued to the demand of colocation data centers in the Asia-Pacific region; thus, promoting market growth.
The report highlights the adoption of Data Center Colocation Market, globally. Based on the type, the Data Center Colocation market is segmented into Retail and Wholesale Data Center Colocation Market. Based on the End User, the market is segmented across Large Enterprises and Small & Medium Businesses. Further, the application of the Data Center Colocation technology is studied across BFSI, Government and Public Sector, Telecom & IT, Healthcare & Lifesciences, Energy and other verticals. The geographies included in the report are North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa)
Key Players profiled in the report include ABB Group, Adept Technology Inc, Yaskawa Electric Corporation, Fanuc Corporation, KUKA AG, iRobot Corporation, Intuitive Surgical, Inc, Honda Motor Co., Ltd., Yamaha Corporation