From the Wires
Data Center Colocation Market to Reach $62.30 Billion by 2022: Analysis By Type, End User & Industry
By: PR Newswire
Jul. 17, 2017 07:45 AM
DUBLIN, July 17, 2017 /PRNewswire/ --
The "Data Center Colocation Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global data center colocation size is expected to grow from USD 31.52 billion in 2017 to USD 62.30 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.60%.
There is an increasing need for reducing the IT expenditure spent on commissioning mission-critical data center facilities. Data center colocation services provide the required scalability and cost-effectiveness for managing the daily data requirement. This acts as one of the major drivers of the data center colocation market. However, high initial costs may hold back the end-users from adopting these solutions.
The retail colocation type in the data center colocation market is expected to have the largest market share during the forecast period. Retail colocation provides power, space, cooling, cabling, and support services. It also provides flexibility in terms of IT infrastructure, and therefore proves advantageous for Small and Medium-Sized Enterprises (SMEs). This utility of retail colocation is expected to drive its market share in the global data center colocation.
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/research/mht8z9/data_center
Laura Wood, Senior Manager
SOURCE Research and Markets
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