Data Center Colocation Global Market To Reach Value Of Almost $88 Billion In 2025
2 Aug, 2021
The data center colocation market consists of sales of data center colocation services by entities (organizations, sole traders, or partnerships) that are engaged in providing colocation services for the businesses. Data center collocation is a method of renting actual office space, network or internet bandwidth, and other services from an existing data center to third parties to set up their own data center.
Global Data Center Colocation Market Size And Drivers:
The global data center colocation market is expected to grow from $39.05 billion in 2020 to $47.02 billion in 2021 at a compound annual growth rate (CAGR) of 20.4%. The growth in the data center colocation market is mainly due to growing demand for data center colocation owing to increase in costs of maintaining an in-house data center. The market is expected to reach $87.73 billion in 2025 at a CAGR of 16.9%. The high cost of an in-house data center is encouraging companies to adopt a data center colocation service which in turn is propelling the demand for the data center colocation market.
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Trends In The Global Data Center Colocation Market
The introduction of the underwater data center is shaping the data center colocation market. The underwater data center is designed to use renewable electricity from tides and waves. It occupies less land onshore and is capable of using the flowing seawater to efficiently cool the electronics. In January 2021, Beijing Highlander Digital Technology Co, a China-based marine electronic technology products firm, and Guangzhou Shipyard International Co, a China-based shipbuilding enterprise together introduced an underwater data center that involves the installation of internet facilities such as servers in airtight pressure vessels with the required cooling performance under the surface of the ocean. This underwater data center helps in reducing the amount of energy that is consumed and acts as a sustainable data center solution.
Global Data Center Colocation Market Segments:
The global data center colocation market is further segmented based on type, enterprise size, end user and geography.
By Type: Retail Colocation, Wholesale Colocation
By Enterprise Size: Large Enterprise, Small Scale Enterprise
By End-User: BFSI, IT And Telecom, Government And Defense, Healthcare, Others
By Geography: The global data center colocation market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the data center colocation market in 2020.
Read More On The Report For The Global Data Center Colocation Market At:https://www.thebusinessresearchcompany.com/report/data-center-colocation-global-market-report
Data Center Colocation Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides data center colocation market overviews, analyzes and forecasts market size and growth for the global data center colocation market, data center colocation market share, data center colocation market players, data center colocation market segments and geographies, data center colocation market’s leading competitors’ revenues, profiles and market shares. The data center colocation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.