DUBLIN, Sept. 2, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/bd7vk9/world_colocation) has announced the addition of the "World Colocation - Market Opportunities and Forecasts, 2014 - 2020" report to their offering.
The global colocation market is expected to grow swiftly due to the increasing need of cost-effective solutions for development and maintenance of data centers in near future. A priori, enterprises maintained their own data centers, incurring huge capital expenditure and massive operating expenses for their operation and maintenance. However, the advent of colocation facilities has encouraged organizations to co-locate their data servers to commercial data centers of colocation service providers.
The retail colocation market was accounted as the highest revenue-generating segment due to growing need of global distribution of data servers of small and medium sized and large enterprises. The market for wholesale colocation forecast a high growth in future with the expanded set of customer base.
North America has dominated the global colocation market across the world. The advent of large number of enterprises and prompt adoption of digitalization are the supporting factors for the colocation market in North America. However, with the rapid industrialization in countries such as China, India and Japan, the Asia-Pacific region will represent the highest growth in the colocation market.
The advent of colocation services has facilitated enterprises to rely on service providers for the physical security of their data servers; thereby, enabling them to focus on their core business activities. Adoption of colocation facilities has helped in tackling the issue of carbon footprint. Thus, these factors have cumulatively bolstered the growth of the colocation market.
The global colocation market for energy sector would exhibit highest CAGR of 14.3% during the forecast period.
North America has emerged as the most promising region, exhibiting a huge demand for colocation by adoption in the sectors of banking, telecom and IT sector in order to manage their dedicated data servers. In 2014, the market for colocation in North America was valued at $11,779.9 million and would continue to consolidate its market position during the period 2015-2020. Key factors such as shrinking IT budgets and the high cost associated with the development of dedicated data centers would largely drive the market by 2020.
- American Telephone & Telegraph
- CenturyLINK Technology Solutions
- Digital Reality
- DuPont Fabros Technology
- Global Switch Corporation
- Interxion Holding NV
- KDDI Telehouse Corporation
- NTT data Corporation
- Rackspace and Navisite
- SunGuard Availability Services
- Telecity Group
- Verizon Communication Ltd
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