Global Multi-Tenant Data Center Market Development, Trends, Demand and Forecast Till 2025

NEW YORK - Sept. 25, 2020 - PRLog -- According to the latest report by IMARC Group, the global multi-tenant data center market grew at a CAGR of around 10% during 2014-2019. A multi-tenant data center refers to a facility where an organization rents a space and networking equipment to host its data. A data center provides a physical or virtual infrastructure to store, process, organize, and disseminate an organization's data and critical files. Outsourcing a data center facility to a multi-tenant data center reduces the cost of maintaining data storage and security. The multi-tenant data center offers two types of solutions, viz., retail colocation and wholesale colocation. These solutions are widely utilized across various industries, such as healthcare, financial institutions, IT, retail, government, etc.

Market Trends

The rising need to reduce IT expenditures and increasing data center complexities is primarily driving the need for multi-tenant data centers. Furthermore, growing demand to reduce electricity consumption and carbon emissions from conventional data centers has led to the emergence of green, sustainable multi-tenant data centers. Moreover, numerous companies are adopting software-defined data centers to control hosted data with enhanced security, thereby further augmenting the market growth. Additionally, several technological advancements in the IT sector are also propelling the market for multi-tenant data centers.

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Competitive Landscape:

Some of the key players being AT&T Inc., CentriLogic Inc., CenturyLink Inc., Digital Realty Trust, Inc., Equinix Inc., Fujitsu Limited (Furukawa Group), Global Switch Limited, HCL Technologies Limited, IBM, Internap Corporation, NTT Communications Corporation (Nippon Telegraph and Telephone Corporation) and Rackspace Technology Inc.

The report has segmented the market on the basis of Solution Type, Application, Organization Size, End User and Region.

Breakup by Solution Type:

Retail Colocation
Wholesale Colocation

Breakup by Application:

Public Cloud
Private Cloud

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Breakup by Organization Size:

Small and Medium Enterprises
Large Enterprises

Breakup by End Use Industry:

IT and Telecom
BFSI
Healthcare
Government and Defense
Manufacturing
Retail
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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