Global Data Center Colocation Market Revenue Estimated Around USD 1350315.73 Million By 2028

According to the report, the global data center colocation market size was valued at approximately USD 56291.70 million in 2021 and is predicted to reach around USD 1350315.73 million by the end of 2028, expanding at a CAGR of around 15.7% from 2022 to 2028. The report analyzes the data center colocation market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the data center colocation market.

Data Center Colocation market is expected to see stellar growth in the coming years as the trend of digitization takes over the world and internet penetration increases on a global scale. Data centers are being built across the world to effectively manage data volume that is increasing at a rapid pace owing to the rise in popularity of cloud technology and other online solutions. The increasing popularity of OTT and streaming platforms is anticipated to further bolster the demand for data center colocation over the forecast period.

Data Center Colocation has proved its efficiency in lowering IT expenditure of organizations and this is what is majorly propelling its demand in large as well as small enterprises across the world. Increasing technological proliferation in the Asia Pacific region is expected to further bolster the data center colocation market stance on a global level. India, China, and Japan are key countries that will see high demand for data center colocation services owing to the rapid increase in the adoption of cloud platforms.

OTTs are also expected to majorly boost the data center colocation market stance across the world and will be seeing a further increase in demand owing to the rising penetration of streaming services across the world. High demand for data management and data colocation is expected to rise from the OTT platform sector over the forecast period.  

The data center colocation market saw a boost in demand in the COVID-19 pandemic as the adoption of cloud technology and clous solutions increased exponentially. With lockdown restrictions closing down offices the organizations turned towards technology for rescue and moved to digital infrastructure to ensure optimal business operations in these adverse times, this led to large-scale adoption of cloud platforms and hence increased the demand for data center colocation market.

The data center colocation market is projected to see high demand in the post-pandemic era as well and is expected to see a good growth trend through 2028. Increasing digitization in emerging economies will further bolster data center colocation market potential in the long run.

The global Data Center Colocation market is segregated based on type, end-user, industry, and region. Based on industry, the global market is distinguished into Banking, Financial Services, and Insurance (BFSI), IT and telecom, Government and defense, Healthcare, Research and academics, Retail, Energy, Manufacturing, and Others (media and entertainment, and transportation and logistics). The IT and telecom segment is currently leading the data center colocation market potential and is expected to do this through the forecast period as well. Increasing technological proliferation in all industries is expected to slow down this segment minimally but will continue on a growth stance through 2028.

The market for data center colocation is anticipated to hold a dominant stance in the North American region and is projected to maintain this through 2028. Increasing use of technology, rapid adoption of novel technologies, presence of key technology companies, increasing spending on digitization, and rising urbanization are some of the key factors propelling the data center colocation market growth in this region. High demand is expected to be seen from the United States as this nation is seeing digitization of almost all aspects of lifestyles.

Browse the full “Data Center Colocation Market - By Type (Retail Colocation and Wholesale Colocation), By End-User (Small And Medium-Sized Enterprises (SMEs) and Large Enterprises), By Industry (Banking, Financial Services, And Insurance (BFSI), IT And Telecom, Government And Defense, Healthcare, Research And Academics, Retail, Energy, Manufacturing, And Others (Media And Entertainment, And Transportation And Logistics)), And By Region: Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 - 2028” Report at https://www.zionmarketresearch.com/report/data-center-colocation-market

Key players functioning in the global Data Center Colocation market include NTT Communication Corporation (Japan), Digital Realty Trust, Inc. (US), Cyxtera Technologies, Inc. (US), CyrusOne 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)

Recent Developments:

• In May 2020, Asperita with the European server farm, Maincubes announced that they would be offering immersion cooling solutions in colocation suites starting from Maincubes Amsterdam AMS01 server farms.

Global Data Center Colocation market is segmented as follows:

By Type

• Retail colocation
• Wholesale colocation

By End-User

• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises

By Industry

• Banking, Financial Services, and Insurance (BFSI)
• IT and telecom
• Government and defense
• Healthcare
• Research and academics
• Retail
• Energy
• Manufacturing
• Others (media and entertainment, and transportation and logistics)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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