The global DCC market is gaining significant traction. The market growth attributes to the augmenting demand led by the increasing numbers of data centers and leasing companies across the globe. Besides, the proliferation of digital technology & cloud computing drives market growth, creating the need for data center colocation. Moreover, the rising adoption of cloud computing escalates market growth.
According to Market Research Future (MRFR), the global dcc market is poised to create a valuation of USD 172.36 BN by 2030, registering around 14.4 % CAGR throughout the forecast period (2020-2030). Burgeoning IT sectors worldwide foster market growth, demonstrating a huge need for resources, delivery methods, expansion strategies, and disaster recovery methodologies.
Moreover, the rising market entrance of green data centers supports the market’s development, bringing down energy utilization by expanding the energy proficiency of generally speaking frameworks. The rising interest for such practical administrations impacts market development, inciting speculations by central members and IT organizations.
Besides, the developing data and capacity prerequisites increment the size of the market, expanding data center resources while lessening data center working expenses. Associations are progressively taking on more versatile and productive data center administration arrangements of colocation, which, therefore, push the market development. Moreover, expanding prerequisites for further developed stock and resource the executives in data centers push the development of the market.
On the flipside, the lack of awareness of the importance of data center services and its flexibility are the major factors expected to impede the market growth. Also, staff expertise and managing portability restrain the growth of the dcc market.
Data Center Colocation Market – Segments
The report is segmented into four dynamics;
By Type: Retail and Wholesale Colocation.
By Deployment Type: On-cloud and On-premises.
By End-user: IT & Telecom, BFSI, Government & Defense, Healthcare, and others.
By Regions: Europe, Americas, Asia Pacific, and the Rest-of-the-World.
Global Data Center Colocation Market – Geographical Analysis
North America rules the worldwide data center colocation market. The biggest market share ascribes to the presence of numerous industry players and data centers in the district. In addition, prospering end-client ventures, like IT and telecom, BFSI, government and protection, and medical care, validate the market development in the district.
Also, the multiplication of distributed computing in expanding quantities of organizations encourages provincial market development. Datacenter colocation suppliers in the area are arranging extensions to offer better types of assistance. The North American colocation data centers market is projected to hold its strength all through the assessed period.
Europe stands second in the worldwide data center colocation market. The market development is driven by the rising quantities of outstanding players in the district. Moreover, significant interests in data center advancements decidedly sway the development of the local market.
Likewise, the rising execution of state-of-the-art innovations in the BFSI and IT and telecom areas helps the local market development. The European colocation center market is estimated to make a significant income pocket during the survey time frame.
The Asia Pacific district is a promising market for data center colocation worldwide. Factors, for example, mechanical advances and a deep-rooted foundations in the area impact market development. Moreover, expanding quantities of SMEs in the locale emphatically sway the development of the market.
In addition, expanding the reception of colocation data centers in medium-sized organizations to bring down functional expenses and decrease dormancy cultivate market development. The APAC server colocation market is expected to develop at the quickest rate during the conjecture time frame.
Global Data Center Colocation Market – Competitive Analysis
Highly competitive, the global data center colocation market appears to be fragmented, characterized by the presence of several well-established players. These players in corporate strategic initiatives such as acquisition, collaboration, expansion, and technology launch to gain a competitive advantage in this market. Strategic partnerships between these players support their growth and expansion plans.
Players leading the global data center colocation market include Fibernet Inc. (US), Equinix, Inc. (US), Keppel Data Center Pte Ltd. (Singapore), AT&T Inc. (US), NTT Communications Corporation (Japan), Cogent Communications (US), Cyxtera Technologies, Inc. (US), CoreSite Realty Corporation (US), Digital Realty Trust, Inc. (US), Rahi Systems Inc (US), DuPont Fabros Technology, Inc. (US), and Verizon Communications, Inc. (US), among others.
Innovation/ Industry/Related News:
November 17, 2020 —- vXchnge (the US), a leading carrier-neutral colocation data center operator, announced its partnership with MOD Tech Labs, an AI platform that processes imagery data, moved its servers to vXchnge to meet the company’s need for a highly secure data center with the ability to scale deployments quickly across a broad footprint.
MOD Tech Labs sought a data center company with locations across the country to meet its current and future needs of the growing business. The company demands for the GPU (graphics processing unit) usage expects to increase significantly as it expands into new 3D processing solutions. In such situations, MOD Tech Labs would require a partner who can quickly scale their deployments within a given location for edge-sensitive applications.
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