According to a market research study published by Custom Market Insights, the Global Data Center Colocation Market size and share revenue was valued at approximately USD $50.4 Billion in 2021 and is expected to reach USD $57.2 billion in 2022 and is expected to reach around USD $131.8 Billion by 2030, at a CAGR of 14.2% between 2022 and 2030.
The key market players listed in the report with their sales, revenues and strategies are China Telecom Corp. Ltd., CoreSite Realty Corp., CyrusOne Inc., NaviSite, NTT Communications Corp., Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Global Switch, Telehouse, and others.
“According to the latest research study, the demand for global Data Center Colocation Market size & share was valued at approximately USD 50.4 Billion in 2021 and is expected to reach USD 57.2 billion in 2022 and is expected to reach a value of around USD 131.8 Billion by 2030, at a compound annual growth rate (CAGR) of about 14.2% during the forecast period 2022 to 2030.”
Data center colocation market offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.
Data center colocation is when a service provider rents out vast amounts of floor space, internet bandwidth, and network from an existing data center to establish its own data center, store massive amounts of data, and oversee the server operations of big businesses. It enables data center colocation by sharing the existing infrastructure of data center resources.
As a result of the Covid-19 outbreak, colocation is becoming an essential component of staying connected, collaborating, and moving forward cost-effectively and safely. Healthcare organizations analyze patient outcomes using data and anticipate the spread of diseases using artificial intelligence. Robust network connectivity at Telehouse colocation centers in New York enables them to provide a range of commercial solutions.