Global Data Center Colocation Market: Market Research by Knowledge Sourcing Intelligence
As the data requirement keeps growing, so is the need for efficient Information Technology (IT) infrastructure. Data Center Colocation plays a major role in providing much-needed benefits to companies working to reduce their operating costs and remain competitive. For enterprises (small, medium and large) which are facing challenges due to burgeoning data, colocation has become a preferred option. This has led to leasing or renting of colocation facilities, which was traditionally dominated by owning of Data Centers and having a dedicated team of IT professionals for maintaining and troubleshooting the issues. Global Data Center Colocation market is estimated to witness the compound annual growth rate of 14.45% over the period 2015 to 2021. Retail and wholesale colocation is the major type of solutions, though the line differentiating the two has started blurring over the past couple of years. The new form of colocation solution, i.e. “Hybrid Colocation” is slowly being adopted by en...