Meticulous Research®—a leading global market research company, published a research report titled, ‘Data Center Colocation Services Market by Facility (Retail, Wholesale, Hybrid), Service (Space & Infrastructure (Rack, Cage & Cabinet, Suite), Disaster Recovery), Tier, Size, End User (Managed, Cloud, Enterprises), and Geography - Global Forecasts to 2031.’
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In a recent report released by Meticulous Research®, the global data center colocation services market is anticipated to soar to $97.9 billion by 2031, exhibiting a notable CAGR of 10.7% from 2024 to 2031. This projection underscores the burgeoning demand for efficient and secure data storage solutions, the increasing reliance on outsourced IT infrastructure, and the integration of cloud computing technology into various industries. Moreover, the proliferation of edge data centers is poised to unlock new growth avenues in the market. Nonetheless, challenges such as substantial upfront capital investments and concerns surrounding data security and privacy persist as potential deterrents to market expansion.
The market landscape of data center colocation services is delineated by various factors, including facility type, service offerings, tier standards, organizational size, and end-user segments. Notably, retail colocation emerges as a frontrunner in facility types, fueled by the escalating demand for cost-effective colocation services among small and medium-sized enterprises (SMEs). Conversely, hybrid cloud-based colocation is projected to witness the highest growth trajectory owing to its seamless integration capabilities and robust disaster recovery strategies.
In terms of service offerings, space and infrastructure services are set to dominate the market, driven by the escalating need for space rental within data centers and the surging demand for enhanced security measures. Network connectivity and security services, however, are poised to register the highest growth rate, underpinned by the increasing emphasis on low-latency connections and stringent security protocols.
Geographic Overview
Geographically, North America is anticipated to command a significant share of the global data center colocation services market, propelled by factors such as robust network infrastructure, stringent data security regulations, and the adoption of hybrid IT models. Meanwhile, the Asia-Pacific region is slated to witness the highest CAGR during the forecast period, buoyed by digital transformation initiatives, burgeoning cloud adoption, and the growing demand for scalable infrastructure solutions among SMEs.
Key Players
Key players in the data center colocation services market include Equinix, Digital Realty Trust, NTT Ltd., CoreSite, and Global Data Solutions, among others. These industry leaders are at the forefront of driving innovation and shaping the competitive landscape through strategic partnerships, technological advancements, and geographic expansions.
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