Data Center Colocation Services Market Poised to Surpass $97.9 Billion by 2031
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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