The global market for multi-tenant data centers is expected to develop at a CAGR of 12.9% between 2022 and 2032, from US$ 38968.9 million in 2022 to US$ 130716.6 million by 2032. In a multi-tenancy data center service, the infrastructure is normally managed by the service provider, while the supplied service is managed by the end-user unit.
A tenant compartment may span geographic boundaries, organizational boundaries, or even between two different organizations, depending on the business requirements and restrictions. Multi-tenant data centers employ architecture that properly works out how to deliver more with fewer resources, resulting in lower data center capital expenditures.
Companies are adopting the multi-tenant infrastructure as it also caters the need of a quick response in business processes in this competitive environment and also overcomes the challenge of finding skilled IT staff in different geographical regions where the enterprise is located.
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Multi-tenant Data Centers Market: Drivers and Restraints
The ever growing internet traffic is the major driver for the growth of multitenant data centers market. Moreover, factors such as continuous up gradation in data centers resulting in obsolescence in existing data centers, increase in demand for IT services, and increased IT spending are driving the growth in multi-tenant data center market.
Also, low operational costs, quick response and deployment, and technical advancements in IT are also some important factors resulting in the growth of multi-tenant data centers market.
However, data security concerns and inflexibility of some multi-tenant data centers are some challenges faced by multi-tenant data centers market.
Multi-tenant Data Centers Market: Regional Overview
North America region is the largest market for multi-tenant data centers due to the presence of wide variety of end-user enterprises and competitive environment between them. In Europe, multi-tenant data centers market is also growing at a significant pace due to rise in business demands and IT needs.
Multi-tenant data centers market growth in Asia-Pacific region is the fastest due to large scale outsourcing of managed hosting services in this region. Latin America and Middle East multi-tenant data centers market is at an emerging stage
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Multi-tenant Data Centers Market: Key Players
CenturyLink, Cisco, IBM Corporation, Digital Realty, Equinix, Inc., RACKSPACE, Global Switch, Level 3 Communications, and NTT Communications Corporation, are some of the key players in multi-tenant data centers market.
Other prominent players in this market include Ascenty, AT&T, CentriLogic, China Telecom, CtrlS Datacenters, Cyrus, Expedient Data Centers , Telefonica, Telehouse (KDDI), Datapipe, Digiplex, DuPont Fabros, , Fujitsu, HCL, Interoute Communications, Interxion, IO, NaviSite, PCCW Global, Singtel, Telstra International, Verizon Enterprise, and Zayo Group.
Key Segments Profiled in the Multi-tenant Data Centers Market Survey
By Solution:
- Retail Colocation
- Wholesale Colocation
By Component:
- Solutions
- Services
By Application:
- Public Cloud
- Private Cloud
By Organisation Size:
- Small & Medium Enterprises
- Large enterprises
By Industry:
- IT & Telecom,
- BFSI,
- Healthcare,
- Government & Defence,
- Manufacturing,
- Retail,
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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