Data Center Colocation Market in North America to grow at 13.5% CAGR between 2020 to 2026

North America data center colocation market forecast is set to advance fast with the growing need for reaping the benefits of cloud services in a more secure way amidst the COVID-19 pandemic. The astronomical growth in data traffic in the pandemic times has created a need for highly efficient systems. Companies are seeking to upgrade and scale up their traditional IT infrastructure to develop mega facilities for keeping up with robust digital transformation.

Since colocation providers offer custom scalability features as per the needs of the customers, by 2026, data center colocation market in North America size is expected to surpass $45 billion. Several industry players have been collaborating with hardware vendors for offering turnkey solutions to clients. The enhanced flexibility of solutions including data analytics and data warehousing has been encouraging businesses to invest in these facilities.

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With the move toward total digitalization, the demand for colocation data centers across the government & defense sector is fueling the North America data center colocation market. Federal authorities have been seeking advanced technologies across their IT infrastructure including artificial intelligence (AI), machine learning, cloud, mobile, and automation which are being integrated rapidly into the government infrastructure. For example, during February 2020, the US department of defense (DoD) declared that it is planning to adopt artificial intelligence in the military.

In the context of the COVID-19 pandemic, the limitations associated with on-premise data centers due to mobility restrictions are encouraging large businesses such as Microsoft Corporation, Amazon Inc., Google LLC, and Facebook, Inc. to shift toward colocation solutions. Retail colocation solution providers are addressing these needs by accommodating large footprints and offering cloud connectivity.

Internet providers in the U.S. and Canada have also been opting for colocation data centers owing to the spiraling demand for online services including e-learning, digital games, and streaming media across multiple devices during the COVID-19 pandemic. As per the findings of the Media Technology Monitor (MTN), the number of user subscriptions for Over-The-Top (OTT) services increased by 58% in Canada during the coronavirus pandemic.

This rise in demand from OTT and MTN user subscriptions has generated novel opportunities for the market. With the help of colocation providers, companies can scale and expand their businesses at reasonable costs and high convenience.

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With the growing need for improved reliability, companies have been migrating to cloud at a fast pace. Enterprises have been focusing on hybrid multi-cloud strategies for better serving their customers. For instance, Google LLC, in collaboration with Equinix, Inc., announced the launch of Google Anthos and Equinix Cloud Exchange Fabric solutions for enabling smoother customer migration to cloud.

Integrating Google Anthos will enable colocation customers to benefit from the Kubernetes-based tooling for improved management of workloads hosted across colocation facilities. Digital Realty, CyrusOne, KDDI Corporation, Equinix, Inc., and Global Switch Corporation are some leading providers data center colocation market in North America.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Market Snapshot

2.1    North America data center colocation market snapshot

Chapter 3   North America Data Center Colocation Market Trends

3.1    Industry coverage

3.2    Industry size, 2016 – 2026

3.3    Impact of COVID-19 pandemic

3.4    Value chain analysis

3.4.1    Company product snapshot

3.5    Innovation landscape

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis – Porter’s

3.9    Competitive benchmarking, 2019

3.9.1    Strategy dashboard

3.10    PEST analysis

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