As soon internet age started, it was very specifically stated that data is the new crude. Data plays an important role and has revolutionized almost every industry. Data not only assists in helping them make important decisions, but also in setting new trends. Data centers are extensively being set up in order to help corporates and buzzing enterprises to store data freely. Colocation data center or multi-tenant data center rents out required space in order to help companies host data. The space is basically provided for connecting organization with service providers, also at affordable rates. The renting process can be completed with an intent of completion of multiple objectives, right from racking of servers to construction of the module.
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Several factors are contributing to the growth of the multi-tenant data centers. Surging business services size along enhanced client and end user experience help this market grow. Sky-rocketed use of internet traffic worldwide is expected to boost the demand for multi-tenant data centers. Rise in demand for data centers in various IT services and continuously expanding e-commerce industry at global level will also drive the growth of this market.
Meanwhile, couple of factors like consolidation of data centers along with rising security concerns regarding data will slow-down the growth of the multi-tenant data centers market. In recent past, several leading companies have witnessed data breach and ransomware attacks.
Irrespective of few challenges, the rising demand for green data centers is forecasted to propel the growth of the multi-tenant data centers market in the period of next few years. In terms of revenue the global multi-tenant data centers market was valued at US$ 30.23 Bn in 2021 and is expected to gain CAGR of over 8.9% over the forecast period.
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By Organization Size, Small and Medium Enterprises Segment will witness fastest growth in the Multi-tenant Data Centers Market in 2022
Buying a private cloud, even on rent proves to be a costly affair for majority of small and medium enterprises. Public cloud is one of the best options they have in regards with storage of data. As the amount of data stored by them on cloud is not that high and also happens to be easy, many small and medium enterprises are rapidly turning towards multi-tenant data centers
Asia Pacific Region is Expected to Witness Fastest Growth Over the Forecast Period (2022 – 2030) in the Multi-tenant Data Centers Market
Countries like India and China not only have highest population in this world but also provide labour at the cheapest rate. Setting up a data center in these countries is extremely easy and this is driving the growth of this market in the region. The employment rate courtesy of such data centers has also gone up here, which helps this market grow at the fastest rate.
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A few of the players operating in the global multi-tenant data centers market are listed below:
- CommScope, Inc.
- Corning Incorporated
- Cyxtera Technologies, Inc
- Equinix Inc.
- Global Switch
- Internap Holding LLC
- Iron Mountain Incorporated
- Lumen Technologies
- NTT Communications Corporations
- Rackspace Inc.
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Global Multi-tenant Data Centers Market Segmentation
The multi-tenant data centers market has been segmented by colocation type, offering, deployment, organization size, industry which are further classified into respective countries:
Global Multi-tenant Data Centers Market Colocation Type Outlook (Revenue, USD Million, 2015 - 2030)
- Retail Colocation
- Wholesale Colocation
Global Multi-tenant Data Centers Market Offering Outlook (Revenue, USD Million, 2015 - 2030)
Global Multi-tenant Data Centers Market Deployment Outlook (Revenue, USD Million, 2015 - 2030)
- Public Cloud
- Private Cloud
Global Multi-tenant Data Centers Market Organization Size Outlook (Revenue, USD Million, 2015 - 2030)
- Small and Medium Enterprises
- Large Enterprises
Global Multi-tenant Data Centers Market Industry Outlook (Revenue, USD Million, 2015 - 2030)
- IT & Telecom
- Banking, Financial Services and Insurance (BFSI)
- Government & Defence
Global Multi-tenant Data Centers Market Regional Outlook (Revenue, USD Million, 2015 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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