According to the projections put forth by Inkwood Research, the Global Data Center Colocation Market is anticipated to register a CAGR of 15.87% in terms of revenue during the forecasting years of 2021-2028.
“Browse 48 Market Data Tables and 42 Figures
spread over 185 Pages, along with an in-depth TOC on the Global Data Center
Colocation Market Forecast 2021-2028.”
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Data center colocation is a service offered
by organizations providing enterprise businesses with a shared, secure space for
storing data and other equipment. The enterprise customer interacts with the
colocation firm in a manner similar to a rental relationship with a property
manager, through which customers rent storage space within the facility. Often,
the equipment, including servers as well as other hardware, is provided by the
customer.
Cost Advantages
to Propel Market Growth
Increased competition among industry
verticals restricts the annual expenditure of the organization. The shrinking information
technology (IT) budgets compel companies to consider leasing services for their
data center necessities, compared to installing in-house data center
facilities. As a result, setting up an in-house data center cost proves to be expensive
for companies, predominantly during the installation’s initial phase. This
challenge is successfully addressed by colocation service providers responsible
for supplying rack space, cooling, power, networking, firewalls, bandwidth
availability, and other facilities in exchange for monthly rent, thereby
eliminating capital costs for companies.
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Large
Enterprises is the Dominating Organization
Large enterprises entail organizations with
an annual revenue of over $1 billion, in addition to a workforce of more than
1,000 employees. These businesses seek new ways of efficiently transforming
their processes, and thus, increasingly rely on business analytics to respond
quickly to customers and offer a broad range of services. Furthermore, business
analytics software enables large enterprises to drive efficiency and productivity,
securely make decisions based on real-time data, and increase profitability.
However, large enterprises generate a significant amount of data that cannot be
physically stored and processed within the premises of the organization. This further
necessitates the use of a specialized data processing unit. Therefore, the
increased adoption of colocation data centers is an effective solution for
large data center providers in terms of monitoring resources to meet large
enterprises’ increasing data storage needs and facilitating dynamic management.
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Asia-Pacific
to Lead the Global Market by 2028
The market in the Asia-Pacific is propelled
by the shift towards extensive cloud technology usage, the rapid surge in
digitization and modernization, as well as the emergence of high-end
technologies such as artificial intelligence.
Regardless of operational location, the competition
in the global data center colocation market is further determined by the cost
of services offered and service reliability, in addition to scalability
parameters. The rivalry in infrastructure is severely reliant on cost,
warranty, customer retention, product innovation, reseller base, and
aftermarket services.
Key companies operating in the global market
are Digital Reality, Equinix, China Telecommunications Corporation, etc.
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studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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