Zion Market Research Global Data Center Colocation Market, 2016–2024 | Page 3

Data Center Colocation Market
Global Data Center Colocation Market: Growth Factors
The major factor driving the global data center colocation market is increasing awareness
towards the reduction of carbon footprints. Data center collocation is a cost-effective solution
available for the enterprises that reduce space and cost for cooling and heating; this is
anticipated to fuel the global market growth. Adoption of the data center colocation services by
the various end-use industries such as telecom & IT, and BFSI and others may further enhance
the global market growth.
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center-colocation-market
Global Data Center Colocation Market: Segmentation
The global data center colocation market is fragmented based on end-user as large enterprises,
and small and medium enterprises. Of these, large enterprises segment accounted for the
largest market share compared to small and medium enterprises. Based on the type, the global
data center colocation market is classified as wholesale colocation and retail colocation. On the
basis of industry vertical, the global market is segregated as telecom & IT, BFSI, energy,
government & public sector, healthcare & life sciences, and others. Of these, telecom & IT
contributed for the largest market share and is considered as the highest revenue generating
industry for collocation. BFSI and healthcare & life sciences segments follow the same trend.