Retail Colocation Market to grow at a CAGR of 18.5% during 2024-2028
The Retail Colocation Market is expected to grow at a CAGR of 18.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 45858.9 million. In the retail colocation market, software-defined data centers (SDDCs) represent the next evolution of traditional data center infrastructure. Unlike conventional data centers that rely on physical hardware such as servers and storage devices, SDDCs deliver services through the virtualization of hardware. Intelligent software systems manage the hardware infrastructure in SDDCs, enabling support for both legacy applications and cloud computing services. SDDCs offer numerous benefits, including increased efficiency, reduced costs, rapid application deployment, higher availability, and enhanced security. As data center environments grow in complexity, with increasing numbers of racks and servers, the ability to manage all servers from a single control plane becomes essential. SDDCs address this requirement by providing centralized management capabilities, making them an attractive option for retailers seeking to optimize their IT infrastructure and improve overall business performance.
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Technavio analysts predict that the SMEs subsegment will lead the End-user segment during 2024 and 2028 The retail colocation market refers to the provision of space and infrastructure to retailers for housing and managing their IT systems and e-commerce operations. This solution enables businesses to reduce capital expenditures and operational costs while ensuring high availability and scalability. Retailers can focus on their core competencies, leaving the complexities of IT infrastructure to experts in the field. The market is expected to grow significantly due to the increasing adoption of e-commerce and the need for robust and secure IT infrastructure.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish rising demand for retail colocation facilities
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QTS Realty Trust is a leading provider of cloud infrastructure and IT infrastructure solutions, including colocation data centers. Their data centers offer high-density processing capabilities, making them an ideal choice for businesses requiring energy-efficient, green data center solutions. QTS's data centers employ intelligent power management and cooling solutions, ensuring reliable technologies and minimizing energy consumption. With the increasing adoption of 5G technology, IoT, advanced robotics, and autonomous vehicles, the demand for colocation data centers is surging. QTS's retail colocation services cater to businesses of all sizes, from IT startups to large enterprises, providing them with access to computing resources, network connectivity, and cloud services. QTS's colocation data centers offer SLAs and uptime service-level agreements, ensuring business applications run smoothly and securely. With global interconnection capabilities, QTS enables seamless connectivity between businesses, cloud providers, and partners. The colocation budget-friendly solutions offer businesses the flexibility to scale their IT infrastructure as needed. In summary, QTS Realty Trust's retail colocation services provide businesses with reliable, energy-efficient, and secure IT infrastructure solutions, enabling them to focus on their core competencies while QTS manages their IT needs. With advanced cooling solutions, intelligent power management, and network connectivity, QTS's colocation data centers are the ideal choice for businesses seeking to leverage cloud computing and other advanced technologies.
The global communications equipment market encompasses manufacturers of enterprise networking solutions, such as LANs, WANs, routers, switchboards, and exchanges, as well as communications infrastructure or telecom equipment. According to Technavio, the market size is determined by the revenue generated from the sales of communication equipment, broadcasting equipment, telecommunication equipment, and investments in communication infrastructure by service providers. Notably, the market size does not include revenue from cellular phone manufacturers, which fall under the Technology Hardware, Storage and Peripherals sub-industry. The market's expansion will be fueled by the growing number of data centers, with hyperscalers investing significantly in new data center construction and existing facility capacity enhancements.
The Retail Colocation Market is experiencing significant growth, fueled by the rising demand for retail colocation facilities. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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