LONDON--(BUSINESS WIRE)--Technavio 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.
Innovative approaches like submarine data centers is one of the major trends being witnessed in the global data center colocation market 2018-2022. 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.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing.
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.
Looking for more information on this market? Request a free sample report
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 Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
