Multi-Tenant Data Center Market Worth $48.4 billion by 2027 The global multi-tenant data center market size reached US$ 31.2 Billion in 2021. The market to reach US$ 48.4 Billion by 2027, exhibiting a CAGR of 7.49% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A multi-tenant data center refers to a facility where an organization rents a space and networking equipment to host its data. A data center provides a physical or virtual infrastructure to store, process, organize, and disseminate an organization’s data and critical files.
Outsourcing a data center facility to a multi-tenant data center reduces the cost of maintaining data storage and security. The multi-tenant data center offers two types of solutions, viz., retail colocation and wholesale colocation. These solutions are widely utilized across various industries, such as healthcare, financial institutions, IT, retail, government, etc.
Multi-Tenant Data Center Industry Trends
The rising need to reduce IT expenditures and increasing data center complexities is primarily driving the need for multi-tenant data centers. Furthermore, growing demand to reduce electricity consumption and carbon emissions from conventional data centers has led to the emergence of green, sustainable multi-tenant data centers. Moreover, numerous companies are adopting software-defined data centers to control hosted data with enhanced security, thereby further augmenting the market growth. Additionally, several technological advancements in the IT sector are also propelling the market for multi-tenant data centers.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being AT&T Inc., CentriLogic Inc., CenturyLink Inc., Digital Realty Trust, Inc., Equinix Inc., Fujitsu Limited (Furukawa Group), Global Switch Limited, HCL Technologies Limited, IBM, Internap Corporation, NTT Communications Corporation (Nippon Telegraph and Telephone Corporation) and Rackspace Technology Inc.
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