The rapid digitization and adoption of artificial intelligence (AI) and the internet of things (IoT) technologies have resulted in the generation of huge amounts of data, which requires efficient and cost-effective ways of storage and management. Setting up a private storage facility is a costly affair, and many small and medium enterprises (SMEs) cannot bear this cost. However, SMEs that utilize cloud computing are not required to invest huge amounts in the construction of data centers. To reduce the cost burden, these companies depend on data colocation centers.
Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/data-center-colocation-market/report-sample
Currently, the world is observing a considerable rise in the number of green data centers due to the increasing concerns about air pollution. Industries are focusing on reducing the emission of greenhouse gases (GHG) and attaining maximum energy efficiency, thereby leading to the popularity of green data centers. These facilities offer the same functionalities and benefits as a conventional one, but at a lower electricity consumption. This is achieved via the usage of energy-efficient servers, routers, and heating, ventilation, and air conditioning (HVAC) equipment, ENERGY STAR-rated power supply systems, and light-emitting diode (LED) lighting.
Since such new IT technologies are generally adopted in North America first, according to PS Intelligence, it will continue to be the most-lucrative region for firms offering data center colocation solutions. This will additionally be due to the existence of a vast number of data centers and colocation solution providers in the region. Leading technology firms like Amazon.com Inc., Google LLC, and Facebook Inc. have their headquarters and are expanding their foothold in the region. Owing to this expansion, there has been a surge in the volume of data, which is why they are availing colocation services for effectively managing their business information and IT infrastructure.
This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
