07 March, 2019
RALEIGH, North Carolina, March 7, 2019 - The global market for data center co-location services is expected to grow at a CAGR of 13.7 percent until 2020, according to Beroe Inc, a procurement intelligence firm. The increasing importance for a reduction in IT infrastructure expenses, physical security, and high power requirements are the major factors driving the co-location services market.
The APAC region is the most matured market for co-location services with a massive 40 percent share in the global co-location facility distribution. North America and MEA hold nearly 34 percent and 22 percent respectively of the global co-location market. The economic growth rate of developing countries is presumed to increase the enterprise demand for co-location services.
Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com
The globally managed hosting services market is projected to grow at a CAGR of 14 percent and reach $81 billion by 2020. Managed hosting services complete the gap between the capacity of an organization’s IT operations and access to the latest technologies. This helps save time and money on acquiring IT professionals that have the requisite knowledge and expertise.
One of the key drivers for co-location and managed hosting services is zero downtime, in which the hosting vendors make sure that servers, platforms, and network infrastructure are constantly monitored to ensure the enterprises' smooth operation. However, vendors in the hosting space charge a high fee for managed hosting services as they take care of the end-to-end management activity of data center, which poses to be a major constraint for the industry.
The research methodology adopted for the report included:
The global trends in the industry indicate that the rapid increase in enterprise data and cloud adoption by enterprises are the major driving forces contributing to the growth of data center outsourcing. In the near future, green data centers and modular data centers would revolutionize the global data center market, and add portability feature to data centers on a global scale.
The report also includes:
Beroe's unique business model involves providing market intelligence and analytics to the procurement teams of businesses across the globe. Beroe leverages its deep domain expertise in 300 + categories across 14 industries. It boasts of more than 80 of the Fortune 500 companies as its clients.
To learn more about Beroe Inc, please visit http://www.beroeinc.com
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