Pune, India, May 20, 2022 (GLOBE NEWSWIRE) — The global data center colocation market size is anticipated to expand prominently in the forthcoming years. Data center colocation offers reduced IT expenditure. It also increases the scalability of data centers. These factors are expected to invigorate market growth. Fortune Business InsightsTM has presented this information in its upcoming report titled, “Data Center Colocation Market, 2022-2029”.
Additionally, the incorporation of advanced technologies such as Artificial Intelligence and others is anticipated to foster growth for the market.
The swift digitalization experienced during the pandemic has potentially uplifted the market’s growth. The need for cost-effective operations during the pandemic propelled the demand for data center colocation. The healthcare industry benefited from data center colocation by using Artificial Intelligence to predict disease transmission. The rapid adoption of advanced technologies, smartphones, and others aided the market’s growth. The market is therefore anticipated to exhibit remarkable growth in the coming years.
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On the basis of type, the market is bifurcated into wholesale colocation and retail colocation. On the basis of end-user, the market is segmented into large enterprises and small and medium-sized enterprises (SMEs). On the basis of industry, the market is fragmented into manufacturing, energy, retail, research and academics, healthcare, government and defense, Banking, Financial Services, and Insurance (BFSI). Geographically, the market is classified into Latin America, Europe, Asia Pacific, North America, and the Middle East & Africa.
Drivers & Restraints-
Scalable Data Centers to Fuel Market Growth
Data center colocation’s demand has significantly increased due to the coronavirus pandemic….