Data Center Colocation Market to Surpass USD 1,19,842 Million By 2027

PUNE, India - Oct. 8, 2020 - PRLog -- There are two major types of data center colocation—retail and wholesale. Retail colocation centers are small spaces in large facilities with the option of installing IT equipment in racks and rows. Retail colocation center providers facilitate the management and distribution of space, physical power, cooling, support, and cabling services to SMEs. They also provide the management software to integrate cooling, IT rooms, and power for facilitating the management of data centers with ease. On the other hand, wholesale colocation centers are constructed colocation facility for large enterprises, which generally ranges from 10,000 to 20,000 square feet and can even be larger. Enterprises bear the cost of network connectivity, capacity, internal staff, and power.

Global data center colocation market was valued approximately USD 36,329 million in 2018 and is expected to reach a value of around USD 1,19,842 million by 2027, at a CAGR of around 14.2% between 2019 and 2027.

Need for security, scalability, and reliability of infrastructure majorly driving the data center colocation market

Data colocation escalated the business potential by lowering operational costs and maximizing the focus on the core business. Thus, the rising awareness regarding carbon footprints reduction is majorly driving the data center colocation market. Additionally, the cost-effective solution for enterprises, as compared to storing their server at the premises that save room space requirement and cost of cooling and heating along with the need for IT expertise, are also fueling the data center colocation market.

North America leads the global data center colocation market

In 2017, North America accounted for the largest share of the global data center colocation market, due to the presence of a large number of data centers across various regional industries. The U.S. is likely to register a notable CAGR in this regional market over the forecast time period, owing to the installation of energy-efficient infrastructure and procurement of renewable energy sources for facilities across the country.

Key players operating in the data center colocation market are Atlantech Online, Coreix Limited, Digital Realty Trust, Equinix, First Colo, H5 DATA CENTERS, Interoute Communications, Linxdatacenter, NextraOne, NTT Corporation, North Shore, RACKSPACE US, Sentinel Data Centers, Viettel, Red Level Networks, IBSCY Ltd., Sabey Data Center Properties, CYRUSONE, CE Colo, and ANEXIO, among others.

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