GRIFFIN, Ga. -
Feb. 24, 2023 -
PRLog -- The global data center colocation market is growing at a CAGR of 6.50% from 2022 to 2027.The key factors driving the global data center colocation market are growing submarine & inland connectivity, increasing M&A and JV across the industry, the impact of COVID-19 on the industry, big data & IoT Fueling facilities investments, government support for investments, and increasing demand for cloud-based services. Prominent vendors in the global data center colocation market are 21Vianet Group, China Telecom, Colt DCS, Compass Datacenters, CoreSite, CyrusOne, Digital Realty, EdgeConneX, Equinix, GDS Services, Global Switch, Iron Mountain, QTS Realty Trust, STACK Infrastructure, and STT GDC.
The market witnessed supply chain-related challenges, impacting the timely deliverable of infrastructure in 2021 across IT infrastructure and support infrastructure providers. Vendors have taken several measures to ensure the timely supply of their products, reducing the impact to a greater extent. In addition, the invasion of Russia over Ukraine also created uncertainty across the European region, which created supply chain issues and oil shortages that led to delays in the operation of facilities. Also, most economies worldwide are facing high inflation rates and unemployment which is likely to impact the construction and growth of the data center colocation market.
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