Network file system sales are anticipated to reach US$ 3.5 billion in 2022 and US$ 13.5 billion by 2032. It is expected that it would grow at a CAGR of 14.2% from 2022 to 2032.
To meet an organization’s IT needs, organizations nowadays rely on data center infrastructure, which stores, processes, and provides a significant amount of data on a server. Data centers are in high demand as a result of the business processes’ quick expansion, which sparked the creation of multi-tenant data centers.
In a multi-tenant data center, a single instance of a software program can serve multiple clients, provided the clients are somehow related. In a multi-tenancy data center service, the end-user unit typically oversees the given service while the service provider manages the infrastructure.
Depending on the needs of the business, a tenant compartment may span organizational borders, geographic boundaries, or even be shared by two separate enterprises.
Infrastructure development in multi-tenant data centers flawlessly demonstrates how to accomplish more with fewer resources, lowering data center capital expenditures. Multi-tenant infrastructure is being used by businesses because it meets the need for quick responses in business operations in this competitive environment and eliminates the issue of finding suitable IT specialists in the many geographic areas where they operate.
Multi-tenant Data Centers Market: Drivers and Restraints
The market for multitenant data centers is expanding primarily due to the steadily increasing internet traffic. Additionally, the market for multi-tenant data centers is expanding due to reasons like constant data center upgrades that render older data centers obsolete, an increase in demand for IT services, and higher IT investment.
Low operating costs, rapid response and deployment, and IT technological improvements are other significant reasons contributing to the expansion of the market for multi-tenant data centers.
However, the market for multi-tenant data centers has difficulties due to data security issues and some multi-tenant data centers’ rigidity.
Multi-tenant Data Centers Market: Segmentation
The market for multi-tenant data centers can be divided into segments based on application, end-user vertical, and geographical location. It can be further divided into public cloud and private cloud based on application. It can be further broken down into the following end-user verticals: IT and Telecom, Healthcare, Defense, Manufacturing, Retail, Media and Entertainment, Food and Beverages, Energy and Utility, and Others.
The market for multi-tenant data centers can be divided into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa based on region.
Multi-tenant Data Centers Market: Regional Overview
Due to the enormous range of end-user businesses present and the intense competition that exists among them, the North American region is home to the greatest market for multi-tenant data centers. Due to an increase in business needs and IT requirements, the market for multi-tenant data centers is also expanding rapidly in Europe.
Due to the extensive outsourcing of managed hosting services in this region, multi-tenant data centers are growing at the quickest rate in the Asia-Pacific region. The multi-tenant data centre market in Latin America and the Middle East is still in its infancy.
Multi-tenant Data Centers Market: Key Players
CenturyLink, Cisco, IBM Corporation, Digital Realty, Equinix, Inc., RACKSPACE, Global Switch, Level 3 Communications, and NTT Communications Corporation, are some of the key players in the multi-tenant data centers market.
Other prominent players in this market include Ascenty, AT&T, CentriLogic, China Telecom, CtrlS Datacenters, Cyrus, Expedient Data Centers, Telefonica, Telehouse (KDDI), Datapipe, Digiplex, DuPont Fabros, Fujitsu, HCL, Interoute Communications, Interxion, IO, NaviSite, PCCW Global, Singtel, Telstra International, Verizon Enterprise, and Zayo Group.
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