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Data Center Colocation Market Future Trends, Prominent Players, Covid 19 Impact and Forecast by 2030

The Asia-Pacific (APAC) region is projected to witness the highest CAGR during the forecast period, majorly because of the rapid developments in the IT and telecom and healthcare industries in developing countries in the region. The increase in the requirement for temporary server and data storage in the region is growing, as a large number of IT firms from across the globe are outsource their processes to APAC-based companies. 

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A major factor leading to the growth of the data center colocation market is the high cost of private data centers. The cost of maintaining private data centers is extremely high, particularly for enterprises that the amount of data that is being generated is not consistent. With the adoption of AI and IoT and swift digitization, a large amount of data is being generated that needs to be managed and stored efficiently and in a cost-effective manner, thereby leading to the growth of the market.

A major trend being registered in the data center colocation market are green data centers. Because of increasing concerns about air pollution, due to the high emission of greenhouse gases from industries, the focus on attaining energy efficiency has risen significantly. This is resulting in the rising popularity of green data centers that provide the same functionalities and benefits as a traditional facility, only at considerably lower electric consumption. 

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This market research report provides a comprehensive overview of the data center colocation market
  • Historical and the present size of the data center colocation 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
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