Data Center Colocation and Managed Hosting Services Market to grow by USD 163.36 billion from 2022 to 2027, Growth Driven by Rising Demand for Data Center Colocation Facilities - Technavio
NEW YORK, Sept. 8, 2023 /PRNewswire/ -- The data center colocation and managed hosting services market by end-user (BFSI, healthcare, e-commerce, telecommunication, and others), type (wholesale and retail), and geography (North America, Europe, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the data center colocation and managed hosting services market from 2022 and 2027 is USD 163.36 billion. The rising demand for data center colocation facilities is a key factor driving market growth. A company operating a colocation facility offers more benefits than building its own data center. The sequencing Collocation significantly reduces the capital expenditure (CAPEX) for infrastructure and improves the connectivity required for operational services. Data center colocation is a rental facility for servers, storage equipment, and network equipment. In addition, colocation facilities are designed with private servers that can be rented by businesses to install their IT infrastructure. Many companies build and operate their own cloud platforms. This managed service model is also used by them to host these platforms. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The capital-intensive nature of the market in focus is a significant challenge restricting market growth. The colocation business model is based on the housing industry and is, therefore a capital-intensive business. Many organizations are moving from a high CAPEX model to a high OPEX model to avoid capital ownership issues. To reduce maintenance, security, and data center management costs, many end users around the world have started to adopt data center colocation services. However, this increases the burden on sellers operating in the marketplace. Hence, these factors are expected to restrict market growth during the forecast period.
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The data center colocation and managed hosting services market has been segmented by End-user (BFSI, Healthcare, E-commerce, Telecommunication, and Others), Type (Wholesale and Retail), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).
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Key Companies in the Data Center Colocation and Managed Hosting Services Market:
BT Group Plc, Chunghwa Telecom Co. Ltd., Cogent Communications Holdings Inc., CoreSite Realty Corp., Cyfuture, CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Fidelity National Information Services Inc., Flexential Corp., Internap Holding LLC, KDDI Corp., Lumen Technologies Inc., Navisite LLC, NTT DATA Corp., phoenix NAP LLC, Rackspace Technology Inc., Sabey Corp., Verizon Communications Inc.
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
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