Data Center Colocation Market Outlook Latest Development And Industry Trends 2023-2032

Data Center Colocation Market: Overview

The data center colocation market is the leasing of space, power, and connectivity within a data center to house and operate IT equipment. Colocation providers offer a variety of services, including environmental controls, security, and network access.

The data center colocation market is expected to grow at a compound annual growth rate (CAGR) of 14.40% from 2023 to 2032, reaching USD 175.523 billion by 2032. The growth of the market is being driven by a number of factors, including:

• The increasing adoption of cloud computing and hybrid cloud models
• The growing demand for data storage and processing
• The proliferation of connected devices and the Internet of Things (IoT)
• The need for businesses to comply with data protection and security regulations

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Key Companies in the Data Center Colocation Market

Some of the key companies in the data center colocation market include:

• Equinix
• Digital Realty
• NTT Global Data Centers
• Cologix
• CyrusOne
• Interxion
• Switch
• Telehouse
• Telx
• Verne Global
• EdgeConnex
• Compass Datacenters

Data Center Colocation Market Segmentation:

The data center colocation market can be segmented by:

• Type: Retail colocation, wholesale colocation, and hyperscale colocation
• Enterprise size: Small and medium-sized enterprises (SMEs) and large enterprises
• Tier level: Tier 1, Tier 2, and Tier 3
• End-use: IT and telecom, financial services, healthcare, retail, and government

Regional Insights:

The North American region is expected to dominate the data center colocation market over the forecast period. This is due to the presence of a large number of data center providers and the high adoption of cloud computing and hybrid cloud models in the region.

The Asia Pacific region is expected to witness the fastest growth rate over the forecast period. This is due to the growing demand for data storage and processing from businesses in the region.

Industry Latest News:

• Equinix to Acquire MainOne: Equinix, a global data center provider, announced in August 2023 that it would acquire MainOne, a West African data center and connectivity provider, for USD 320 million. The acquisition is expected to expand Equinix's reach into the African market and help it meet the growing demand for data center services in the region.
• Digital Realty Launches New Data Center in India: Digital Realty, a global data center provider, announced in July 2023 that it had launched a new data center in India. The new data center is located in the city of Mumbai and has a capacity of 20 megawatts. The launch of the new data center is expected to help Digital Realty meet the growing demand for data center services in India.
• NTT Global Data Centers Opens New Data Center in Singapore: NTT Global Data Centers, a global data center provider, announced in June 2023 that it had opened a new data center in Singapore. The new data center is located in the city of Jurong East and has a capacity of 45 megawatts. The launch of the new data center is expected to help NTT Global Data Centers meet the growing demand for data center services in Singapore.

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