Global Data Center Colocation Market

Data Center Colocation Market Size, Share, Growth Analysis, By Type(Retail Colocation, and Wholesale Colocation), By Industry(Banking Financial Services, & Insurance (BFSI), IT & telecom, Government & Defense), By End-User(Small and Medium-Sized Enterprises (SMEs), Large Enterprises), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45C2036 | Region: Global | Published Date: August, 2024
Pages: 157 | Tables: 60 | Figures: 75

Data Center Colocation Market Insights

Data Center Colocation Market size was valued at USD 54.17 Billion in 2022 and is poised to grow from USD 62.46 Billion in 2023 to USD 195.09 Billion by 2031, growing at a CAGR of 15.3 % in the forecast period (2024-2031). 

Today, data centers have become a vital part of modern corporate practices responsible for monitoring business applications. The requirement for IT infrastructure for operating a business has increased immensely as businesses are relying more on data, increasing the adoption of cloud services. Colocation data centers have allowed rapid scaling up of IT needs of businesses. The demand of data center colocation is increasing more because of the high expense of owning and maintaining data centers, especially for organizations that generate inconsistent data volumes. The advent of technologies like cloud computing, autonomous vehicles, internet of things (IoT), and advanced robotics have boosted the demand for faster data processing and higher bandwidth. To efficiently make use of these technologies needs less latency and faster network connectivity. Furthermore, the colocation data centers are also ideal for meeting low latency and faster network connectivity. This is because the operators can identify their data center facilities that are near to the user, enabling them to provide better storage and networking. The advent of 5G technology is also increasing the implementation of colocation providers that offer services in remote locations. 

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Data Center Colocation Market size was valued at USD 54.17 Billion in 2022 and is poised to grow from USD 62.46 Billion in 2023 to USD 195.09 Billion by 2031, growing at a CAGR of 15.3 % in the forecast period (2024-2031). 

The data center colocation market is a highly competitive and versatile space. It is characterized by a wide range of players who are trying to obtain more market share. These companies are constantly striving to mark their presence by adopting various strategic tactics like launching new solutions that will improve customer satisfaction and the security of the network. Theu are also emphasizing on innovating their product lines for serving the diverse customer base in various regions. They are also going through collaboration, mergers, and acquisitions to expand their company and increase the demand for data center colocation in various regions. These factors are immensely contributing to the growth of the global data center colocation market.   'Equinix, Inc. (US)  ', 'Digital Realty Trust, Inc. (US)  ', 'NTT Communications Corporation (Japan)  ', 'China Telecom Corporation Limited (China)  ', 'Verizon Communications Inc. (US)  ', 'Telehouse (UK)  ', 'China Unicom (China)  ', 'AT&T Inc. (US)  ', 'KDDI Corporation (Japan)  ', 'Deutsche Telekom AG (Germany)  ', 'Colt Technology Services Group Limited (UK)  ', 'Digital Bridge Holdings, LLC (US)  ', 'Corespace, Inc. (US)  ', 'Digital Realty Trust, Inc. (US) '

The rapid expansion of data generated by IoT devices, big data analytics, and digital content fuels the demand for colocation services. For instance, companies such as Amazon and Google use colocation to handle vast amounts of data efficiently. As data grows exponentially, businesses seek colocation to scale their storage and management capabilities without investing in costly infrastructure. This surge in data volume drives the colocation market forward. 

In the data center colocation market sustainability is extremely vital as organizations are trying to minimize environmental impact. Green data centers are being developed to increase energy efficiency. Their popularity is increasing as they are powered by renewable energy sources. Colocation providers are investing in eco-friendly technologies like innovative cooling systems, energy-efficient hardware, and renewable power sources. This is helping them to create sustainable data center solutions.  

North America is dominating the data center colocation market with the highest market share. In recent times, many governments are encouraging growth by taking many initiatives and offering incentives, which is boosting the data center colocation market in this region. Other factors like industrialization, improving speed of submarine cable connectivity, and investments by cloud service providers are also progressing the market further. Furthermore, the presence of major tech giants like Google, AWS, IBM, Microsoft, have also established their data centers, driving the expansion of the market. Rapid digitalization and growing dependency on cloud-based solutions among business is also increasing the demand for data center colocation market.  

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Data Center Colocation Market

Report ID: SQMIG45C2036

$5,300
BUY NOW GET FREE SAMPLE