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Increase in Complications in Data Centers in Propels Data Center Colocation Market, Notes TMR Study

Rising need for scalable data centers across the globe is estimated to fuel the expansion of the global data center colocation market. Moreover, the market is being driven by decreased overall expenditure on IT and increased complications in data centers globally. Data center colocation services find application among small as well as large enterprises.

Some of the important solutions provided by companies operating in the global data center colocation market are security solution outsourcing, mobile communication, web communications, data center colocation and hosting, teleconferencing services, IP transmission services, and broadband communication.

Data center colocation is being utilized across a wide range of end-use industries such as media and entertainment, IT and telecom, retail, health care, banking, manufacturing, transportation and logistics, financial institutes, and insurance, research and academic, energy, and government and defense. This wide range of application is estimated to bolster the global data center colocation market in the years ahead.

Enterprises in the global data center colocation market are estimated to gain attractive expansion opportunities in the upcoming years owing to increase in the need for disaster recovery systems across the globe.

Launch of New Data Centers: Key Strategy of Market Players

Major companies operating in the global data center colocation market including CyrusOne, Inc., Digital Realty Trust, Inc., CoreSite Realty Corporation, and Global Switch are increasing their focus on expansion of their businesses by using organic as well as inorganic strategies. For instance, many market players are launching new data centers so as to maintain their leading position in the global market. Furthermore, several companies are focused on the acquisition of their small competitors in order to gain prominent position in the market.

Asia Pacific and Japan to Offer Lucrative Prospects for Market Enterprises

Asia Pacific and Japan, North America, South America, and the Americas, Latin America, Middle East and Africa, and Europe are some of the key regions of the global data center colocation market. Among all regions, Asia Pacific and Japan is one of the fastest growing regions owing to presence of sizable number of data centers in the region.

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