Press Release / Technology / Data Center Colocation Market Global Analysis and Forecast to 2024 by Type, By Application, By Technology

Data Center Colocation Market Global Analysis and Forecast to 2024 by Type, By Application, By Technology

The complexities in the infrastructure facilities due to the integration of new technologies such as network and connectivity devices is increasing rapidly. Companies are finding it difficult to manage such complicated network devices thereby forcing them to transfer these responsibilities to colocation service providers.

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The wholesale data center colocation market is anticipated to showcase a growth of nearly 17% CAGR over the forecast timespan. These providers rent the entire constructed facility to customers. They usually serve large-scale enterprises and rent out the data center space that ranges between 10,000 – 20,000 sq. feet or larger along with the cooling & power infrastructure. Several multinational enterprises that need to store a massive amount of data are dependent on these providers. The enterprises are responsible for bearing the costs that are associated with the power, capacity, network connectivity, and internal staff. Wholesale users benefit from economies of scale as the services provide reduced cooling and power costs in comparison with retail colocation. Such factors are encouraging several large-scale industries to establish their facilities in the space offered by these players, thereby accelerating the data center colocation market growth.

The data center colocation market is predicted to witness a substantial growth over the coming years with the rise in the adoption of these services in SMEs. High initial costs associated with setting up the infrastructure facilities and the integration of several advanced solutions such as Automated Infrastructure Management (AIM) solutions are driving business expenses. These factors are compelling enterprises to focus on leasing facilities that will help in lowering the mounting expenses. Several advantages offered by these services to the SMEs include increased scalability & flexibility, predictable installation & integration costs, 24x7 support, and improved security of the business data. With increasing data center traffic, SMEs are increasingly adopting hosting services, thereby fueling the data center colocation market growth.

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The energy sector is expected to witness a high adoption of these services due to the increasing requirements for effective storage facilities for high-performance computing, data transfer & processing, and back-up. The companies operating in this sector are partnering with data center colocation market players for improving the efficiency in these data management tasks. For instance, CyrusOne is offering its flexible & scalable solutions and services to oil & gas companies. The company partnered with Enbridge Energy, a natural gas distribution enterprise, to manage the critical industrial data and other additional IT facilities that are used for storing such information. Increasing dependency on such services is propelling the data center colocation market growth.

The adoption of these infrastructure facilities in European countries is growing at a rapid pace owing to the presence of the major data center colocation market players operating in the region. For instance, Equinix, Inc. has established about 21 infrastructure facilities in Europe. The company has overall 250,000 square meters of colocation space in the region. The overall facilities in the region account for 1,150 in 23 countries with the UK having 250 facilities. The UK is the largest market in the region with an overall 840,000 m2 of the facility space, followed by Germany accounting for 509,000 m2 of the space. Such a rapid increase in the area of the infrastructure facility is providing an impetus to the data center colocation market growth.

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Major players operating in data center colocation market are Verizon Communication Ltd., Centurylink Technology Solutions, Equinix, Inc., NTT Data Corporation, Interxion Holding NV, Internap Corporation Global Switch Corporation, Cyxtera Technologies, Inc., KDDI Corporation, China Unicom, China Telecom Corporation Limited, Digital Realty Trust, Inc., CyrusOne, Inc., and Rackspace, Inc., among others. Several service providers in the industry are adopting strategies to address the growing demand for colocation facilities from various industrial sectors. For instance, in September 2017, Digital Realty announced the merger of DuPont Fabros Technology for USD 8 billion. This merger has created a combined company with a portfolio of 157 data centers. Service providers operating in the data center colocation market are targeting their offerings to enterprises that are expanding their business operations in global regions and require effective storage facilities for accessing and maintaining their massive data.

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