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Data Center Colocation Market Growing at 14.60% CAGR to 2022: North America Accounted For The Largest Share of The Global Market
PUNE, India, July 16, 2017 /PRNewswire-iReach/ -- North America is expected to capture the largest market share in 2017 and the trend is likely to continue until the near future. This region is growing due to the presence of a large number of data centers and it has witnessed a rapid adoption due to the availability of comprehensive solutions. On the other hand, the data center colocation market in APAC is expected to witness an exponential growth and projected to be one of the fastest-growing regions in the global data center colocation market. This is mainly due to the increasing volumes of data center traffic in countries, such as India, Australia, and China.
Browse 51 Market Data Tables and 70 Figures spread through 137 Pages and in-depth TOC on "Data Center Colocation Market by Type (Retail and Wholesale), End-user (SMES and Large Enterprise, Industry (BFSI, IT & Telecom, Government & Defense, Healthcare, Research & Academic, Retail, Energy and Manufacturing), and Region - Global Forecast to 2022"
The global data center collocation market size is expected to grow from USD 31.52 billion in 2017 to USD 62.30 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.60%. There is an increasing need for reducing the IT expenditure spent on commissioning mission-critical data center facilities. Data center colocation services provide the required scalability and cost-effectiveness for managing the daily data requirement. This acts as one of the major drivers of the data center colocation market. However, high initial costs may hold back the end-users from adopting these solutions.
The retail colocation type in the data center collocation market is expected to have the largest market share during the forecast period. Retail colocation provides power, space, cooling, cabling, and support services. It also provides flexibility in terms of IT infrastructure, and therefore proves advantageous for Small and Medium-Sized Enterprises (SMEs). This utility of retail colocation is expected to drive its market share in the global data center colocation.
The data center collocation market end-users include SMEs and large enterprises, wherein large enterprises are expected to have the largest market share during the forecast period. Large enterprises are inclined toward adopting colocation services, as they are able to lease large spaces on lease and meet their power and computational requirements. Moreover, colocation services help large enterprises to have complete control over the data center infrastructure. These services also aid in business continuity due to their disaster recovery benefits. This is expected to fuel the data center colocation market during the forecast period.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants are: By Company Type: Tier 1:29%, Tier 2: 57%, and Tier 3:14%, By Designation: C-Level:50%, Director Level:33%, and Others:17%, By Region: North America:57%, Europe:14%, and APAC:29%
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The key vendors profiled in the report are: NTT Communication Corporation (Japan), DuPont Fabros Technology, Inc. (US), Digital Realty Trust, Inc. (US), Cyxtera Technologies, Inc. (US), CyrusOne Inc. (US), Level 3 Communications, Inc. (US), Equinix, Inc. (US), Global Switch (UK), AT&T, Inc.(US), CoreSite Realty Corporation (US), China Telecom Corporation Limited (China), Verizon Enterprise Solutions, Inc.(US)
Research Coverage: The market is segmented on the basis of colocation types, which includes wholesale colocation and retail colocation. The end-user segment includes SMEs and large enterprises. The market is also segmented on the basis of industries, including the Banking, Financial Services, and Insurance (BFSI); IT and telecom; government and defense; healthcare; research and academic; retail; energy; manufacturing; and others (media and entertainment, and transportation and logistics). The market has been segmented on the basis of regions into North America, Europe, APAC, MEA, and Latin America.
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On a related note, another research titled Modular Data Center Market Global Forecast to 2022 says, modular data center market size is expected to grow from USD 13.07 Billion in 2017 to USD 46.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.90%. North America is expected to have the largest market in 2017, whereas Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period. The key vendors profiled in the report are: Huawei Technologies Co., Ltd.(China), International Business Machines (IBM) Corporation (US), Eaton Corporation plc (Ireland), Blade room (UK), Cannon Technologies Ltd. (UK), CommScopeHolding Company, Inc. (US), Dell Inc. (US), Flexenclosure AB (Sweden), Hewlett Packard Enterprise (HPE) Development LP (US), Rittal GmbH & Co. KG (Germany), Schneider Electric SE(France), VertivCo.(US), Baselayer Technology, LLC (US) Browse this Report at: http://www.rnrmarketresearch.com/modular-data-center-market-micro-data-center-data-center-retrofit-datacenter-cooling-module-power-module-data-module-generator-module-global-advancements-market-forecasts-analysis-2013-market-report.html .
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