Global Data Center Market Expects 12% Growth by 2020
The Global Data Center Colocation market is expected to grow from $25.07 billion in 2014 to $50.18 billion by the end of 2020 at a CAGR of 12.26%. This is being driven by the increasing concerns regarding the expenses associated with running a data center.
With businesses expanding globally, the need for space and utilities has increased to unprecedented levels. Data Center colocation helps businesses to strengthen operation in their specific industries by taking advantage of high quality managed data center services. This is enabling companies to focus on revenue generation by streamlining their workflows and reducing operating IT expenses.
* Source: Research and Markets 2015