The global data center colocation market grew at a CAGR of around 12% during 2014-2019. Data center colocation refers to a service that enables enterprises to rent physical space, network bandwidth and other computing resources within an existing data center. These data centers are equipped with in-built networking components, power backup facilities, information protocol (IP) system and cooling units and are usually available in retail and wholesale setups. In comparison to the traditionally used data centers, colocation data centers are more cost-effective, highly reliable, easily scalable, can be located near the users and require minimal technical staff. As a result, they find extensive applications across various industry sectors, such as banking, financial services and insurance (BFSI), healthcare, information technology (IT), manufacturing, energy, government and retail.
Rapid digitization across industries, along with the increasing utilization of hybrid cloud computing and virtualization systems, is one of the key factors driving the growth of the market. Data center colocation facilities are located away from the user premises and can be controlled remotely in case of disasters to secure the data. Furthermore, widespread adoption of reliable, scalable and secure infrastructure for efficient data recovery and business continuity requirements, is providing a thrust to the market growth. With the increasing number of small- and medium-sized enterprises (SMEs), especially in the developing economies, there is a substantial rise in the deployment of modular data centers to keep up with the rising network complexities. Other factors, including the growing demand for data storage facilities from the e-commerce industry, along with significant improvements in the IT infrastructure, are anticipated to drive the market further. Looking forward, IMARC Group expects the global data center colocation market to continue its strong growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global data center colocation market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type, organization size and end use industry.
Breakup by Type:
Breakup by Organization Size:
Small and Medium Enterprises
Breakup by End Use Industry:
IT and Telecom
Entertainment and Media
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being AT&T, Inc., CenturyLink Inc., China Telecom Corporation Limited, Coresite Realty Corporation, Cyrusone Inc., Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Global Switch Limited, Internap Corporation, KDDI Corporation, NTT Communications Corporation (Nippon Telegraph and Telephone Corporation) and Verizon Enterprise Solutions Inc.
Key questions answered in this report:
How has the global data center colocation market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global data center colocation market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global data center colocation market and who are the key players?
What is the degree of competition in the industry?