Global Colocation Market Is Expected to Reach $51.8 Billion by 2020 - Allied Market Research

According to a new report published by Allied Market Research titled, "World Colocation - Market Opportunities and Forecasts, 2014 - 2020", the global colocation market is expected to reach $51.8 billion by 2020, registering a CAGR of 12.4% during 2015 - 2020. Global colocation market for energy sector would exhibit highest CAGR of 14.3% during the forecast period.

North America has emerged as the most promising region, exhibiting a huge demand for colocation by adoption in the sectors of banking, telecom and IT sector in order to manage their dedicated data servers. In 2014, the market for colocation in North Americawas valued at $11,779.9 million and would continue to consolidate its market position during the period 2015-2020. Key factors such as shrinking IT budgets and the high cost associated with the development of dedicated data centers would largely drive the market by 2020.

Based on space and power requirements for maintaining the data servers, the market for Colocation services are broadly segmented into two types-retail colocation and wholesale colocation. High demand of capacity requirement ranging from 100KW to 500KW power are driving the market for retail colocation.

Presently, the segment of retail colocation acquires a larger share in the Colocation market. In 2014, the retail colocation market accounted for approximately 2/3rd of the total market share. In order to secure the market position, wholesale colocation providers are now focusing on small-and medium enterprises in need of 500KW-1000KW. The wholesale colocation market is expected to register a CAGR of 13.7% during the period 2015 -2020.

To request more information about the report, visit the website at https://www.alliedmarketresearch.com/colacation-market

Based on increasing density of data servers, the colocation market earns a major share of its revenue from the telecom and IT industry. The segment of Telecom and IT sector would continue to consolidate its position in the...