High Costs of Private Data Centers Fueling Popularity of Data Center Colocation

With the increasing costs of maintaining private data centers and the generation of large but inconsistent volumes of data, enterprises are increasingly preferring renting data centers, which are also known as colocation data centers. For instance, the development of a private data center facility can cost as much as $200 per square foot, excluding the $10,000 per mile cost of setting up fiber cabling.

Unlike large organizations, small and medium enterprises (SMEs) cannot afford such high costs. Moreover, the SMEs that use cloud computing solutions do not need to make these kinds of huge investments. This is why the demand for data colocation centers is rising sharply.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/data-center-colocation-market/report-sample

Furthermore, the increasing adoption of advanced technologies such as the internet of things (IoT) and artificial intelligence (AI) and rapid digitization of business operations are also resulting in the generation of large volumes of data that need to be cost-effectively and efficiently managed and securely stored.

Owing to the aforementioned factors, the revenue of the data center colocation market reached $42.1 billion in 2019, while the market will advance at a CAGR of 14.8% from 2020 to 2030. In simpler terms, a data colocation center is any large data center that rents out space to various third parties for their network equipment and servers.

Depending on type, the market is divided into wholesale colocation and retail colocation categories. Between these, the wholesale colocation category is predicted to register faster growth in the market in the coming years. This is credited to the soaring demand for large storage spaces and the increasing adoption of cloud solutions by large organizations for efficient data management and storage.

Comments

BFSI Using Advanced Security Solutions to Protect Data and Financial Assets

Banks and financial institutions are gradually shifting their core applications over to the cloud network, to offer a personalized banking experience, mitigate the risks associated with conventional technologies, improve the operational control of platforms, reduce capital expenditure, and meet the growing need for real-time analysis of high-volume data. However, the deployment of the cloud infrastructure escalates the risk of cyberattacks, as the data is stored at remote locations. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/bfsi-security-market/report-sample To combat the cyber threat, such institutions are increasingly adopting a range of advanced security solutions. The financial service sector has become a prime target for cybercriminals, as it centers around financial assets and generates massive unstructured data. Moreover, progressive steps such as the adoption of online banking and shift toward digital processes have increased the pro

RF Semiconductor Market a $5.0-Billion Investment Opportunity by 2030

The major factors leading to the rising demand for radiofrequency (RF) semiconductors are the increasing popularity of smartphones, enhancements in the wireless communication technologies, and escalating adoption of the internet of things (IoT). As a result, from $2.1 billion in 2019, the market of RF semiconductor will witness an 8.8% CAGR during 2020–2030 (forecast period), to reach $5.0 billion by 2030. Made of semiconductor materials, such components enable RF communication in an array of sectors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/rf-semiconductor-market-report/report-sample The material segment of the market is classified into indium phosphate, gallium arsenide, gallium nitride, silicon, and silicon germanium. Among these, during the historical period (2014–2019), the largest share was held by the gallium arsenide category because RF semiconductors made from this material consume less power, account for low power dissipation, ca

How Is Consumer Electronics Sector Helping Silicon on Insulator Market Grow?

Currently, the major players of the silicon on insulator market are taking strategic measures, such as product launches, facility expansions, partnerships, geographical expansions, client wins, and mergers and acquisitions, to gain a competitive edge in the market. For example, in January 2019, Soitec SA extended its collaboration with Samsung Foundry to increase the volume supply of FD-SOIs. With the new agreement, these companies extended their partnership and secured a high-volume supply of FD-SOI wafers to cater to the surging demand for SOI wafers in consumer, automotive, and internet of things (IoT) applications. The wafer type segment of the silicon on insulator market is categorized into radio-frequency SOI (RF-SOI), power-SOI, imager-SOI, photonics-SOI, fully depleted SOI (FD-SOI), and partially depleted SOI (PD-SOI). In 2018, the RF-SOI category generated the highest revenue, due to the escalating use of RF-SOI in advanced LTE smartphones and huge investments made in the

News Market Insights

Search This Blog