The market for network file systems is projected to grow to a value of USD 3.5 billion in 2022 and to USD 13.5 billion by 2032. In the forecasted period from 2022 to 2032, it is anticipated to expand at a CAGR of 14.2%.
Today’s business operations in corporations rely on data centre infrastructure, which satisfies an organization’s IT requirements by storing, processing, and providing a sizable amount of data on a server. Data centres are in high demand because to the rapid expansion of corporate processes, which has led to the development of multi-tenant data centres.
A single instance of a software programme can serve several clients in a multi-tenant data centre, provided that the customers have some sort of affinity. In a multi-tenancy data centre service, typically the service provider manages the infrastructure while the end-user unit manages the delivered service.
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A tenant compartment may cross geographical boundaries, organisational barriers, or even between two different businesses, depending on the business requirement and requirements.
The deployment of infrastructure in multi-tenant data centres perfectly identifies how to deliver more with fewer resources, reducing data centre capital costs. Businesses are implementing multi-tenant infrastructure because it meets the demand for quick responses in business operations in this cutthroat climate and solves the problem of obtaining qualified IT professionals in the various geographic areas where the company is located.
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.
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 Segmentations
By Enterprise Size:
- SMEs
- Large Enterprises
By Version:
- NFSv3
- NFSv4
- NFSv4.1
- NFSv4.2
By Features:
- Tiered File System
- Disaster Recovery
- Automated Deduplication
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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