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NEW YORK , May 27, 2022 /PRNewswire/ -- The Data Center Colocation Market size is expected to grow by USD 46.76 billion with a YOY growth of 13.35% during the forecast period. The increased demand for data center colocation facilities is one of the primary reasons driving growth in the data center colocation industry. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.
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This market research report extensively covers Data Center Colocation Market segmentations by the following:
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Data Center Colocation Market Dynamics
Market Driver The increased demand for data center colocation facilities is one of the primary reasons driving growth in the data center colocation industry. When compared to an enterprise that builds its own data center, a colocation facility provides greater benefits. Collocation lowers infrastructure CAPEX while also improving the connectivity needed for operational services. Private racks are built inside colocation facilities, which businesses can rent to run their IT infrastructure. They assist SMEs in adopting contemporary infrastructure while lowering subscription expenses.
Market Trend A prominent data center colocation market trend that is predicted to have a favorable impact in the next years is innovative approaches like undersea data centers. Heat is generated in traditional data centers. Many service providers are attempting to shift data center locations to cooler nations in order to save money on power and cooling systems. Cooling systems absorb 30 percent to 40 percent of the energy used in data centers. Data center facilities use free cooling and liquid immersion cooling techniques to lower their power consumption.
Market Challenge The emergence of containerized data centers will be a major challenge for the data center colocation market. A modular data center with portable data compartments is also known as a containerized data center. These modular data centers can be installed anywhere. Several industry companies are introducing new containerized data centers to meet the increased need for expansion and replacement of existing and traditional brick-and-mortar data centers.
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Data Center Colocation Market Scope
Accelerate at a CAGR of 13.96%
North America, APAC, Europe, Middle East and Africa, and South America
US, Canada, China, UK, and Germany
Leading companies, Competitive strategies, Consumer engagement scope
Ascenty, AT and T Inc., BT Group Plc, China Telecom Global Ltd., Cloudscene Pty Ltd., CoreSite Realty Corp., CyrusOne Inc., Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Flexential Corp., Fujitsu Ltd., Internap Corp., Lumen Technologies Inc., Nippon Telegraph and Telephone Corp., Stream Realty Partners LP, Switch Inc., Telstra Corp. Ltd., Temasek Holdings Pvt Ltd., and TierPoint LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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Data Center Colocation Market Segmentation
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Data Center Colocation Market Vendor The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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