Global Data Colocation Services Market worth USD 64.64 Billion by 2024

Global Data Colocation Services Market worth USD 64.64 Billion by 2024

Pune, India, April 04, 2019 -- /360iResearch/ -- The report "Global Data Colocation Services Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 28.32 billion in 2017 and is projected to reach USD 64.64 billion by 2024, growing at a CAGR of 12.51% from 2017 to 2024.

The major forces driving the growth of the data colocation services market include the growing data center complexities and cost-effective, reliable, secure, scalable, and shared infrastructure for data services. However certain factors such as the distance can translate into increased travel costs and maintenance cost may hinder the market growth. In the middle of difficulty lies opportunity such as the rising need for disaster recovery and business continuity requirements, emerging hyper-scale computing, and increasing adoption of hybrid cloud and virtualization. The possible challenges for the market growth is government regulations and essential security requirements. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on type, the global data colocation services market is studied across Retail Colocation, and Wholesale Colocation. Based on industry, the global data colocation services market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global data colocation services market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the data colocation services market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are AT&T, Inc., China Telecom Corporation Limited, Coresite Realty Corporation, Cyrusone Inc., Cyxtera Technologies, Inc., Digital Realty Trust, Inc., Dupont Fabros Technology, Inc., Equinix, Inc., Global Switch, Internap Corporation, Interxion Holding NV, Kddi Corporation, Level 3 Communications Inc., NTT Communications Corporation, and Verizon Enterprise Solutions, Inc..

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