During the projected period, cost-effective IT operations are anticipated to boost the growth of the global data centre colocation market. The cap on corporations' annual spending is getting tighter as industry vertical competition heats up. Organisations are exploring leasing services for their data centre needs rather than installing in-house data centre facilities due to limited IT budgets because it is a less expensive alternative. As a result, the affordability of data centre colocation services is increasing demand, which is propelling market expansion. Additionally, during the course of the forecast period, the global data centre colocation market is expected to increase as a result of rising need for data centre infrastructure that is reliable, scalable, and secure. Because of the growing trend towards digitalization and the expanding adoption of cloud infrastructure across a range of industries, it is predicted that the use of data centre colocation will increase. Companies in every sector can access data processing and storage facilities through the use of cloud-based data centres. Thus, the market is experiencing expansion due to the increasing adoption of cloud services.
The size of the global Data Centre Colocation Market was estimated at USD 54.65 million in 2021, and it is projected to increase at a CAGR of 15.6% from 2022 to 2030.
Leading Companies in the Data Center Colocation Industry:
1. CHINA TELECOM CORPORATION LIMITED: The largest fixed-line provider in China is China Telecom, which initially served 21 southern provinces. It has 399 million wireless subscribers, 104 million fixed-line subscribers, 184 million broadband users, and it has surpassed China Unicom to become the country's second-largest telecom operator behind China Mobile. Beijing, China serves as the company's headquarters. China Telecom (Americas) Corp., a U.S. subsidiary of the corporation, was flagged as a national security danger by the FCC in March 2022.
2. CoreSite Realty Corporation: A company that offers data centre services with a focus on interconnection and cloud connectivity. With the help of the company's cloud networking, open cloud exchange, interconnect gateway, interconnections, and cross-connect services, customers may create a hybrid IT infrastructure that is uniquely theirs and quicken the digital transformation process. Founded 2001. Headquarter of the United States. Following the conclusion of its previously announced tender offer for all outstanding shares of CoreSite common stock, American Tower Corporation (NYSE: AMT) ("American Tower") announced today that it has completed the purchase of CoreSite Realty Corporation (NYSE: COR) ("CoreSite").
3. CYRUSONE INC: corporate colocation service provider that targets businesses in the retail, healthcare, technology, energy, entertainment, and financial sectors. The business offers huge areas on longer-term leases and includes both single-tenant and multitenant data centres. By creating specialised data centre solutions that are suited to current and future information technology (IT) demands, clients can save short- and long-term capital and operational expenses. Founded 2001. United States headquarters. As part of the recently launched Digital Futures Programme, CyrusOne Inc. (NASDAQ:CONE), a leading global data centre REIT, today announced a partnership with University Technical College Heathrow (UTC Heathrow) and techUK to establish the first Data Centre UTC in the UK.
4. CYXTERA TECHNOLOGIES, INC: Colocation and connectivity services for data centres are provided by Cyxtera Technologies Inc. Founded 2017. United States headquarters. Company Establishes Partnership Permitting Sify to Resell Cyxtera Solutions in North America, Europe, and Asia Pacific and Cyxtera to Provide Access to Colocation Solutions in India from Sify's Facilities
5. DIGITAL REALTY TRUST, INC.: Over 300 data centres are owned and operated by Digital Realty globally. It spans five continents and contains around 40 million rentable square feet. Digital's services range from 'cold shells', where hyperscale cloud service providers can simply rent part or all of an empty, power-connected facility, to retail co-location, where an organisation may hire a single cabinet and rely on Digital to provide all the amenities. Founded 2004. Head offices in the U.S. Teraco (Jan 2022), Westin Building Exchange (Feb 2020), and Interxion (Oct 2019) are the most recent acquisitions.
6. Global Switch: Operator of massive, carrier- and cloud-neutral, multi-customer data centres designed to serve European and Asian-Pacific governments, businesses, financial institutions, and other related clients. The business places a priority on network-dense, highly robust, central, low latency locations that are close to its consumers and on the outskirts of financial and business centres. Founded 1998. Located in England, in the United Kingdom.
7. KDDI CORPORATION: KDDI is a Tokyo, Japan-based venture capital Investment Company that was established in 2021. The company has the largest pay-TV operator (53% market share), the second-largest supplier of fiber-to-the-home broadband (12% market share), and the second-largest cellphone operator (31% market share) in Japan. Head office in Tokyo, Japan. KidZania (oct. 2018), Soracom (aug. 2017), and Loco Partners (apr. 2017) are the most recent purchases.
*Definition: Data center colocation is a cost-effective way to host enterprise information. Businesses can easily expand their IT infrastructure and benefit from the large bandwidth of a data center.
