Global Data Center Colocation Market 2018-2022 | Increase in Adoption of Cloud-b

Posted by Loise Williams on August 26th, 2019

Technavio analysts forecast the global data center colocation market to grow at a CAGR of over 9%, according to their latest market research report. However, the growth momentum of the market is expected to decelerate on a year-on-year basis during the forecast period.

Innovative approaches like submarine data centers is one of the major trends being witnessed in the global data center colocation market 2018-2022. Submarine data centers help improve internet speeds in areas that lack the required infrastructure and enable easy cooling with less investment in cooling devices and racks. Such innovative approaches will help reduce power consumption in data centers. SMEs, as well as large enterprises, prefer submarine data centers, as they help to improve internet speeds in areas that lack the required infrastructure.

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According to Technavio analysts, one of the key factors contributing to the growth of the global data center colocation market is the increase in the adoption of cloud-based storage services.

Global data center colocation market: Increase in the adoption of cloud-based storage services

The market for cloud-based storage services is growing rapidly across enterprises. In cloud services, the data collected can be stored in a data center storage system. The major cloud services include Amazon Web Services and Microsoft Azure. These services provide up to 30 TB of storage capacity. The development of the cloud computing platform has been one of the major reasons for the rapid growth of colocation data centers.

According to a senior analyst at Technavio for research on data centers, “The increasing number of investments in the construction of colocation data centers and the growing adoption of software-defined data centers are two major factors that are expected to drive the growth of the data center colocation market.”

Global data center colocation market: Segmentation analysis

The global data center colocation market research report provides market segmentation by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting for close to 43%, followed by EMEA and APAC respectively. However, during the forecast period, the APAC region is expected to show the highest incremental growth while the other two regions will see a decline in their market shares.

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
www.technavio.com