The Data Center Colocation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Data Center Colocation Global Market Report 2024, The data center colocation market size has grown rapidly in recent years. It will grow from $62.46 billion in 2023 to $71.27 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to cost efficiency and scalability needs, focus on core business functions, disaster recovery and business continuity, globalization and data accessibility, regulatory compliance requirements.
The data center colocation market size is expected to see rapid growth in the next few years. It will grow to $124.15 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to edge computing growth, rise in internet of things (IoT) deployments, sustainability and green data centers, increased demand for managed services. Major trends in the forecast period include modular and prefabricated data centers, integration of 5G technology, AI and machine learning for data center optimization, increased interconnectivity services, focus on disaster recovery and business continuity.
The high cost of an in-house data center is encouraging companies to adopt data center colocation services which in turn is propelling the demand for the data center colocation market. Colocation services result in significant cost savings as compared to managing an in-house data center. For instance, the average annual cost of operating a large data center ranges from $10 million to $25 million. With data center colocation services, companies can reduce their spending on managing and maintaining an in-house server, which in turn reduces the overall IT expenditure of the companies. Therefore, the high cost of an in-house data center is increasing the demand for the data center colocation market growth.
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The data center colocation market covered in this report is segmented –
1) By Type: Retail Colocation, Wholesale Colocation
2) By Enterprise Size: Large Enterprise, Small Scale Enterprise
3) By End-User: BFSI, IT And Telecom, Government And Defense, Healthcare, Other End Users
Major companies operating in the data center colocation market are launching new technologies such as Air-Assisted Liquid Cooling (AALC) technologies to increase their profitability in the market. Air-Assisted Liquid Cooling (AALC) technologies in data center colocation refer to innovative cooling solutions designed to enhance the efficiency of managing heat generated by servers and other electronic components within a data center environment. For instance, in August 2023, Digital Realty, a US-based data center, colocation, and interconnection solutions provider launched a new high-density colocation service as part of its PlatformDIGITAL. This new service tackles data and AI challenges, offering customers an innovative solution to boost AI capabilities and extract value from their data. The high-density colocation services address challenges related to the rapid expansion of unstructured data and the use of artificial intelligence (AI). Available in 28 global markets, the service supports workloads of up to 70 kilowatts per rack, utilizing Air-Assisted Liquid Cooling technology. Responding to customer feedback, Digital Realty offers standardized configurations and ultra-high-power densities for swift deployment of high-performance infrastructure worldwide.
The data center colocation market report table of contents includes:
- Executive Summary
- Data Center Colocation Market Characteristics
- Data Center Colocation Market Trends And Strategies
- Data Center Colocation Market- Macro Economic Scenario
- Global Data Center Colocation Market Size and Growth
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- Global Data Center Colocation Market Competitive Benchmarking
- Global Data Center Colocation Market Competitive Dashboard
- Key Mergers And Acquisitions In Data Center Colocation Market
- Data Center Colocation Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- AT&T Inc.
- China Telecom Corporation Limited
- NTT Ltd.
- Fidelity National Information Services Inc.
- DuPont Fabros Technology Inc.
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