The global multi-tenant data centers market is expected to develop at a CAGR of 12.9% between 2022 and 2032, from USD 38968.9 million in 2022 to USD 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 an 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 to the need for 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 the multitenant data centers market. Moreover, factors such as continuous 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 the multi-tenant data center market.
Also, low operational costs, quick response and deployment, and technical advancements in IT are some important factors resulting in the growth of the multi-tenant data centers market.
However, data security concerns and the inflexibility of some multi-tenant data centers are some challenges faced by the 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 a wide variety of end-user enterprises and the competitive environment between them. In Europe, the multi-tenant data centers market is also growing at a significant pace due to the rise in business demands and IT needs.
Multi-tenant data center market growth in the Asia-Pacific region is the fastest due to the large-scale outsourcing of managed hosting services in this region. The Latin America and Middle East multi-tenant data centers market is at an emerging stage
Multi-tenant Data Centers Market: Key Players:
- Ascenty
- AT&T
- CentriLogic
- China Telecom
- CenturyLink
- Cisco
- IBM Corporation
- Digital Realty
- Equinix Inc.
- RACKSPACE
- Datapipe
- Digiplex
- DuPont Fabros
- Global Switch
- Level 3 Communications
- NTT Communications Corporation
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Multi-tenant Data Centers Market Segmentation:
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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