WESTFORD, MASSACHUSETTS, UNITED STATES, August 26, 2024 /EINPresswire.com/ — The Data Center Colocation market size is valued at USD 54.17 Billion in 2022, is expected to grow from USD 62.46 Billion in 2023 to USD 195.09 Billion by 2031, at a CAGR of 15.3% during the forecast period (2024-2031).
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The high cost of owning and operating a data center is driving the expansion of the industry, especially for organizations that handle unpredictable data volumes. Research shows that owning or building a data center facility can cost more than US$300 per square foot, plus the cost of laying fiber optic cables. In-house management of an entire data center facility is a costly factor for small and medium-sized enterprises, but larger enterprises may be able to afford it. Edge computing technology is gaining attention. This involves processing data closer to its source. Edge computing helps in reducing latency and improving network connectivity. As enterprises rely heavily on real-time data processing for mission-critical applications, the demand for edge computing solutions is expected to grow. In addition, hybrid cloud solutions, which combine the benefits of public and private cloud architectures with on-premise storage, are becoming more popular.
Company Profiles of Top Players in Data Center Colocation Market
• Equinix (USA)
• Digital Realty Trust, Inc. (USA)
• NTT Communications Corporation (Japan)
• China Telecom Corporation (China)
• Verizon Communications (USA)
• Telehouse (UK)
• China Unicom (China)
• AT&T Inc. (USA)
• KDDI Corporation (Japan)
• Deutsche Telekom AG (Germany)
• Colt Technology Services Group Limited (UK)
• Digital Bridge Holdings, LLC (USA)
Equinix Strategic Expansion to Reshape Industry Over Next Four to Five Years
Below are the key data center colocation trends that will shape market growth over the next five years:
Equinix, Inc.’s latest developments have significantly improved the company’s position in the data center colocation business. The company is expanding its global footprint by opening new data centers and updating existing ones with a focus on increasing capacity and improving infrastructure. To meet the growing demand for colocation services, the developments include the adoption of higher density systems, energy-efficient technologies, and stringent security measures. These advancements are predicted to have a significant impact on the industry in the next four to five years. Equinix’s expanding network is expected to attract a wider customer base, including global enterprises and innovative technology companies looking for reliable and scalable data solutions. This strategic step is expected to enable Equinix to maintain its industry leadership, improve its competitive position, and set a new standard in data center management and colocation services.
Long-term impact: CyrusOne KEP impacts data center and power grid integration
On May 22, 2023, CyrusOne Corporation and Kansai Electric Power Co., Inc. cooperated and named the new company CyrusOne KEP. This is to bring together two businesses with extensive technical and operational experience to build a new data center that meets the critical requirements of large platform companies. This collaboration will improve the alignment of data center infrastructure with the large-scale power grid, making it more resilient and efficient. Over the next decade, this effort is expected to have a significant impact on the data center industry. Improved alignment between data center architecture and power grid systems will improve energy efficiency and reliability, reduce operational costs, and improve sustainability.
Segments included in the data center colocation market are:
• Type
o Wholesale colocation, retail colocation
•
• Industry
o Banking, Financial Services, Insurance (BFSI), IT & Telecom, Government & Defense, Healthcare, Research & Academia, Retail, Energy, Manufacturing, Others
• End users
o Small and medium-sized enterprises, large enterprises
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Key players transforming the data center colocation market
• December 2021: American Tower Corporation announced the acquisition of CoreSite Realty Corporation following the completion of its bid for all of CoreSite Realty Corporation’s common stock. American Tower completed its acquisition of CoreSite by merging one of its wholly owned subsidiaries with CoreSite.
• July 2020: Indian real estate giant Yotta Infrastructure opens Asia’s largest and world’s second-largest data centre in Navi Mumbai.
• May 2020: Zadara Storage and Cyxtera 62 worked together to transform storage to make the entire system more cost-efficient and reduce operational risk.
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Expectations for Data Center Colocation
The data center colocation market is rapidly evolving due to innovative initiatives from leading players. Companies are upgrading their infrastructure with cutting-edge technologies, including high-density computing, energy-efficient systems, and enhanced security. These technologies are designed to meet growing data demands and support digital transformation. These advancements are expected to change industry standards and spur competition in the coming years, resulting in more scalable, reliable, and sustainable data center systems.
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