Data Center Colocation Market Challenges and Industrial Outlook 2017 to 2024: Global Market Insights, Inc.
North America is anticipated to hold the largest market share. Presence of large number of industries adopting advanced technologies for efficient data management in North America, is a prime reason for North America dominating the data center colocation market. The market for Asia Pacific is anticipated to grow at a rapid rate during the forecast timespan owing to various government initiatives in emerging economies such as Made in China 2025 and Make in India that is promoting the growth of SMEs in the region. These businesses are switching to sophisticated facilities to safeguard against data losses and to ensure business continuity at all times. Efforts by the government of Singapore for economic development is also a major factor driving the data center colocation market in Asia Pacific. The provision of fast broadband services and high awareness of the benefits of using colocation facilities is contributing to the strong growth in the Japanese market.
Data Center Colocation Market size is expected to grow at a rapid rate in the forecast timespan owing to growing complexities, requirement of scalable, reliable and safe infrastructure, and reduced operational and installation costs. The increasing number of businesses in emerging economies is leading to a sharp rise in the need to adopt enhanced business operations for the management of data. This has led to a rise in the number of data centers in the recent years. The requirement to incorporate sophisticated ways for data management in businesses is boosting the data center colocation market growth. Colocation facilities provide cooling, power, space, storage, server security, and the networking equipment for the connection of these elements to network service providers and telecommunication networks at low cost. Businesses with limited requirement of data centers can collocate space from the existing facilities. Building a new facility is a massive project that can drain the company’s vital resources such as time, labor, and financial funds. These factors are anticipated to boost the data center colocation market in the coming years. Vendors operating in the data center colocation market offer enhanced maintenance and services to enterprises to maximize their productivity. This enables businesses to focus on their core business with the efficient management of their data. Furthermore, with the rising trend of big data, expansion of existing infrastructure takes up ample of space on the premises. Increasing focus of companies on reducing the operational 1|Page