The universal acceptance of cloud-based services, remote working, and digitalization initiatives around the economies, which attained traction throughout the COVID-19 pandemic, are some of the proficient enables which will foster the market. The operators are observing requirements from different industries, likewise, healthcare, BFSI, telecom, entertainment & media, government, and many more, which has led to different new investments in the data center colocation market.
The market observed supply chain-connected challenges, impacting the timely deliverable of infrastructure during the recent past years around the IT infrastructure and assisting infrastructure vendors. Vendors have taken different measures to confirm the timely supply of their products, decreasing the impact to a higher extent. Moreover, the invasion of Russia over Ukraine also generated uncertainty around the European region, which introduced supply chain problems and oil shortages that led to interruptions in the function of amenities. Moreover, most regions around the globe are facing high inflation rates and unemployment which is probably impacting the construction and growth of the data center colocation market around the world.
According to SPER market research, ‘Data Center Colocation Market Size- By Type, By Organization Size, By Industry Vertical, By Deployment Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the global data center colocation market is predicted to reach USD 271.84 billion by 2032 with a CAGR of 15.94%.
The rising volume of data from social media and Over-The-Top (OTT) podiums has increased the requirement for data centers and colocation services. The number of active users on social media is growing exponentially and, therefore, underwriting the rising data from these podiums. For instance, the complete number of monthly active Facebook users during 2020 grew to nearly 2.74 billion as associated with 2.38 billion during 2019. The number of social media users is estimated to raise even more throughout the forthcoming future, which, in turn, is foreseen to propel the requirement for colocation centers. Nonetheless, the COVID-19 pandemic has resulted in the rising utilization of OTT and streaming services leading to augmented data capacities, which is anticipated to propel market growth.
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North America is a registered data center colocation market during recent years and it will continue this trend throughout the review duration. This growth is accredited owing to the heavy existence of large-scale IT companies likewise Google LLC, Amazon.com, and Facebook around the region which require vast space to store data and augments demand for colocation data center. However, the Asia Pacific is predicted to exhibit the greatest growth during the recent past years and continue this trend throughout the data center colocation market review duration, due to robust economic growth along with the ongoing advancement in the IT and telecom segment, which propels the organizations to invest seriously in data center colocation to endure growth and advance productivity. Nonetheless, enterprises around the Asia Pacific are aiming on improving their functions and augmenting their complete proficiency to stay competitive around the market, which is anticipated to deliver lucrative opportunities for the growth of the market throughout the review duration.
Data Center Colocation Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Global Data Center Colocation Market is segmented as; Retail Colocation, Wholesale Colocation.
By Organization Size: Based on the Organization Size, Global Data Center Colocation Market is segmented as; Small and Medium Scale Enterprise, Large Scale Enterprise.
By Industry Vertical: Based on the Industry Vertical, Global Data Center Colocation Market is segmented as; Banking Financial Services (BFSI), Information Technology (IT) and Telecommunications, Manufacturing, Energy and Utilities, Healthcare, Retail and E-commerce, Media and Entertainment, Government and Defence. Others.
By Region: The North American, European, Asian Pacific, and Rest of the World regions are divided into the global data centre colocation market
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Data Center Colocation Market Outlook
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