The market for data center colocation is expected to be valued US$ 279.1 billion in 2034, up from an anticipated US$ 69.7 billion in 2024. It is anticipated that the sector would increase at a 14.9% annual pace between 2024 and 2034.
The market for data center colocation is anticipated to increase during the projected period due to the increasing need for scalable and dependable IT infrastructure in businesses as a result of digital transformation. The need for colocation facilities that offer connection and assistance for cloud deployments is fueled by the growing dependence on cloud services. Colocation offers hybrid corporate solutions that support cloud strategy.
Colocation facilities implement advanced security protocols, including physical security, network security, and compliance with industry standards, ensuring data protection and minimizing cybersecurity risks driving the growth of the data centre colocation in various industries. The growing unique IT infrastructure requirements due to compliance and security needs in finance and healthcare, lead to tailored colocation solutions catering to these sectors.
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Key Takeaways from the Market Study:
- From 2019 to 2023, the data centre colocation market was valued at a CAGR of 12.6%
- Based on end-users, the large enterprises segment is expected to account for a share of 63.0% in 2024.
- Global data centre colocation demand in China is predicted to account for a CAGR of 15.4% in 2024.
- In the United States, the data centre colocation industry is expected to account for a CAGR of 12.7% in 2024.
- Germany is projected to expand by a value CAGR of 14.4% between 2024 and 2034.
- The data centre colocation market in Japan is anticipated to record a CAGR of 16.1% in 2024.
“The growing digitalization across industries and increased importance of advanced IT infrastructure is anticipated to drive the market growth during the forecast period.” – opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.
Competitive Landscape
Key players focus on organic growth strategies like product launches and approval. Collaborations and partnerships with key players and acquiring niche players are critical strategies followed by leading players in data centre colocation market.
Some of the developments in the data centre colocation market are
- CyrusOne has expanded rapidly, particularly in the United States, providing colocation solutions to numerous enterprises. The company’s emphasis on customized solutions, hyperscale facilities, and energy-efficient data centers has influenced market trends.
- Cyxtera Technologies offers a suite of colocation, cybersecurity, and analytics services. The company’s integration of cybersecurity features within its colocation offerings has impacted the market by emphasizing security as a critical aspect of colocation services.
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Future Market Insights offers an unbiased analysis of the global data centre colocation market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.
To understand opportunities in the data centre colocation industry, the industry is segmented based on By Colocation Type (Retail, Wholesale), By Enterprise Size (Large, SMEs), By Tier Level (Tier 1, Tier 2), By End-use (BFSI, Healthcare, IT & telecommunications, retail & consumer goods, media & entertainment, Transportation and Logistics, government, Manufacturing, others) By Colocation Type (Retail, Wholesale), By Enterprise Size (Large, SMEs), By Tier Level (Tier 1, Tier 2), By End-use (BFSI, Healthcare, IT & telecommunications, retail & consumer goods, media & entertainment, Transportation and Logistics, government, Manufacturing, others ) (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).
Data Centre Colocation Market Key Segments
By Type:
- Retail colocation
- Wholesale colocation
By End Use:
- SMEs
- Large Enterprises
By Application:
- BFSI
- Energy
- Government & Defense
- Healthcare
- Manufacturing
- IT & Telecom
- Retail
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
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