According to the report published by Allied Market Research, the global data center colocation market generated $46.08 billion in 2020, and is expected to garner $202.71 billion by 2030, witnessing a CAGR of 15.7% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
The concept of data center colocation has gained attraction nowadays due to the increasing need for additional data storage capacity to meet the requirements of internal and external IT services. In order to increase the existing data center capacity, the colocation data center has emerged as a lucrative option to enhance the business continuity.
Many enterprises, especially small- and medium-sized enterprises, prefer using data center colocation services rather than investing huge capital in developing their own data centers. Colocation data center mainly requires operating expenses, thus, avoiding the upfront costs. Enterprises with local presence, in particular, have been following the trend of leasing space from colocation providers.
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Demand for cost-effective IT operations, the requirement of security, reliability, and scalability of data center infrastructure, and rise in demand for eco-friendly data center colocation service drive the growth of the global data center colocation market. However, high initial and long-term leasing costs and network bandwidth issues hinder the market growth. On the other hand, increase in adoption of the hybrid cloud and virtualization and rise in investments to develop advanced data centers present new opportunities in the coming years.
Asia-Pacific is expected to exhibit highest growth during the forecast period, owing to strong economic growth along with the ongoing development in the IT and telecom sector, which drives organizations to invest heavily in data center colocation to sustain growth and improve productivity. In addition, factors such as major shift toward digital transformation, rise in cloud deployment and technological advancement among small & medium businesses, and ongoing modernization of data center and use of big data analytics in the organization drives heavy investment in data center colocation in emerging economies.
Furthermore, enterprises in Asia-Pacific are focusing on enhancing their operations and increasing their overall efficiency to stay competitive in the market, which is expected to provide lucrative opportunities for the growth of the market during the forecast period.
Data Center Colocation Market Segmentation Review:
The report provides a comprehensive breakdown of the global data center colocation market, categorizing it by type, enterprise size, industry vertical, and geographical region.
By type, the retail colocation segment emerged as the dominant category in 2020, accounting for over two-thirds of the overall market share. This segment is anticipated to retain its leading position throughout the forecast period. Meanwhile, the wholesale colocation segment is projected to exhibit the highest compound annual growth rate (CAGR) of 17.4% between 2021 and 2030, indicating strong future expansion potential.
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By industry vertical, the IT and telecommunications sector held the largest share of the market in 2020, contributing nearly 20% of the total revenue. This segment is expected to maintain its dominance in the coming years. On the other hand, the media and entertainment industry is forecasted to register the most rapid growth, with a projected CAGR of 20.0% during the same period.
By region, North America led the global market in terms of revenue in 2020, accounting for approximately 50% of the total market share. The region is expected to continue generating the highest revenue through 2030. However, the Asia-Pacific region is set to experience the fastest growth, with a forecasted CAGR of 19.3%, underscoring its rising significance in the global market.
Data Center Colocation Market Players:
The analysis also highlights key players operating in the global data center colocation industry. These include China Telecom Corporation Limited, CoreSite Realty Corporation, CyrusOne Inc., Cyxtera Technologies, Inc., Digital Realty Trust, Inc., Equinix, Inc., Global Switch, KDDI Corporation, and NTT Communications Corporation.
Covid-19 Scenario:
- Many organizations adopted the “work from home” culture due to the shutdown of offices and manufacturing factories. This led to increase in usage of data center colocation facilities for accessibility and security of data.
- In addition, education institutions began conducting online classes and examinations. This led to surge in utilization of data center colocation.
- Service providers have been carrying out considerable investments in data center colocation facilities due to various factors such as the growth of over the top (OTT) market and increased traffic demand across the world.
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Key Benefits for Stakeholders
- The study provides an in-depth analysis of the data center colocation market along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the data center colocation market size is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the data center colocation market.
- The quantitative analysis of the data center colocation market from 2020 to 2028 is provided to determine the data center colocation market potential.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm the utmost data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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