The global multi-tenant data center market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 8% during the forecast period (2021-2026).
A multi-tenant data center refers to a facility where an organization rents a space and networking equipment to host its data. A data center provides a physical or virtual infrastructure to store, process, organize, and disseminate an organization’s data and critical files. Outsourcing a data center facility to a multi-tenant data center reduces the cost of maintaining data storage and security. The multi-tenant data center offers two types of solutions, viz., retail colocation and wholesale colocation. These solutions are widely utilized across various industries, such as healthcare, financial institutions, IT, retail, government, etc.
The rising need to reduce IT expenditures and increasing data center complexities is primarily driving the need for multi-tenant data centers. Furthermore, growing demand to reduce electricity consumption and carbon emissions from conventional data centers has led to the emergence of green, sustainable multi-tenant data centers. Moreover, numerous companies are adopting software-defined data centers to control hosted data with enhanced security, thereby further augmenting the market growth. Additionally, several technological advancements in the IT sector are also propelling the market for multi-tenant data centers.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Multi-Tenant Data Center Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being AT&T Inc., CentriLogic Inc., CenturyLink Inc., Digital Realty Trust, Inc., Equinix Inc., Fujitsu Limited (Furukawa Group), Global Switch Limited, HCL Technologies Limited, IBM, Internap Corporation, NTT Communications Corporation (Nippon Telegraph and Telephone Corporation) and Rackspace Technology Inc.
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The report has segmented the market on the basis of Solution Type, Application, Organization Size, End User and Region.
Breakup by Solution Type:
- Retail Colocation
- Wholesale Colocation
Breakup by Application:
- Public Cloud
- Private Cloud
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by End Use Industry:
- IT and Telecom
- Government and Defense
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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