Western Europe Data Center Colocation Market to witness humongous growth of USD 7000.49 Mn through 2023-2027
Rising demand for data center colocation facilities, an increase in business operational needs, and the growing count of mergers and acquisitions (M&A) are propelling the market advancement of the Western Europe Data Center Colocation Market. It is estimated to grow at a CAGR of 13.64%, followed by revenue growth of USD 7,000.49 Mn in the next five years.
Leading names such as Data4 Group, Digital Realty Trust Inc., Equinix Inc., Iliad Group, Iron Mountain Inc., IXCELLERATE LLC, KDDI Corp., Lumen Technologies Inc., Pulsant Ltd., QTS Realty Trust LLC, etc are contributing significantly to this market advancement through their wide range of offering and strategic alliances across the market landscape.
Snapshot of Western Europe Data Center Colocation Market Analysis
Technavio Senior Analyst says - "Navigating through the business drivers of the Western Europe Data Center Colocation Market, it is observed rising demand for data center colocation facilities to propel the market expansion significantly during the forecast period"
Collocation reduces the CAPEX on infrastructure significantly and improves the connectivity required for operational services, therefore a significant number of enterprises can streamline the operations of their IT infrastructure to achieve better uptime and availability of resources.
The rising online presence of enterprises also boosting the Managed hosting service providers, therefore local colocation and managed-to-host service providers are enabling consumers to get data center colocation facilities at affordable rates, thus bringing substantial investment and leading to the growth of the market during the forecast period.
Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers followed by detailed profiling of the market players along with competitive benchmarking. Download our sample to learn more about the Western Europe Data Center Colocation Market.