Global Data Center Colocation Market 2018-2022 | Increase in Adoption of Cloud-based Storage Services to Boost Demand | Technavio
LONDON--(BUSINESS WIRE)--Sep 17, 2018-- analysts forecast the global data center colocation market to grow at a CAGR of over 9%, according to their latest market research report. However, the growth momentum of the market is expected to decelerate on a year-on-year basis during the forecast period.
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Technavio has published a new market research report on the global data center colocation market for the period 2018-2022. (Graphic: Business Wire)
Innovative approaches like submarine data centers is one of the major trends being witnessed in the . Submarine data centers help improve internet speeds in areas that lack the required infrastructure and enable easy cooling with less investment in cooling devices and racks. Such innovative approaches will help reduce power consumption in data centers. SMEs, as well as large enterprises, prefer submarine data centers, as they help to improve internet speeds in areas that lack the required infrastructure.
According to Technavio analysts, one of the key factors contributing to the growth of the global data center colocation market is the increase in the adoption of cloud-based storage services.
Global data center colocation market: Increase in the adoption of cloud-based storage services
The market for cloud-based storage services is growing rapidly across enterprises. In cloud services, the data collected can be stored in a data center storage system. The major cloud services include Amazon Web Services and Microsoft Azure. These services provide up to 30 TB of storage capacity. The development of the cloud computing platform has been one of the major reasons for the rapid growth of colocation data centers.
According to a senior analyst at Technavio for research on data centers, “The increasing number of investments in the construction of colocation data centers and the growing adoption of software-defined data centers are two major factors that are expected to drive the growth of the data center colocation market.”
Global data center colocation market: Segmentation analysis
The global data center colocation market research report provides market segmentation by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2017, accounting for close to 43%, followed by EMEA and APAC respectively. However, during the forecast period, the APAC region is expected to show the highest incremental growth while the other two regions will see a decline in their market shares.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 09/17/2018 02:02 PM/DISC: 09/17/2018 02:02 PM