Data Center Colocation and Managed Hosting Services Market - Global Industry Analysis Forecast 2016 - 2023
As
businesses are expanding their operations globally, the need for data
storage solution is increasing at an extraordinary rate. The
expenditure for setting up and maintaining a data center with perfect
security, environmental and performance conditions is significantly
high for any given small or medium sized organization. In addition,
the energy consumption of data center is high and depends upon their
size. Thus, companies also want to decrease their energy consumption
in order to reduce their carbon footprint. Due to limited IT budget
and increasing requirement of high operating bandwidth, companies are
showing interest in outsourcing their in-house data center to third
party service providers. With colocation of data center managed by
hosting service provider, companies are able to focus on streamlining
their business operation and revenue generation. A hosting service
provider offers computing servers, storage space and power for
companies apart from providing advanced networking facilities. A
colocation facility managed by service provider and owned by a
company can be termed as managed hosting service facility. These help
to reduce spending on IT infrastructure and have ownership control
over data. Companies also colocate their equipment with colocation
service provider to avail the benefit of higher bandwidth in their
operation.
Full
Report on Data Center Colocation and Managed Hosting Services is
available at
Colocation
can be classified as wholesale and retail colocation services
depending upon leasing of space by the customers. In wholesale
colocation service, a company leases a whole colocated data center
for operation. Whereas, in retail colocation service, a company only
leases a limited part of space or rack within a colocated data
center. As cloud-based services are increasingly becoming popular in
IT businesses, colocation service providers are partnering with cloud
service providers by offering cloud-based solution with data server
to the companies.
Some
colocation service providers also offer data analytics solution apart
from simply providing data center solution. As colocated servers are
remotely located, the need for firewall, remote access and system
monitoring tools becomes prominent. Thus, most colocation sites
provide video surveillance and biometric access for constant
monitoring of colocated data centers to the companies.
The
demand for colocation data center is estimated to increase in coming
years as companies would need to cut down their operational cost in
order sustain in the market. Colocated data center provides better
speed, efficiency and reliability which help companies perform faster
in critical operations. An off-site data center also helps companies
to protect their data and create a backup in case of a disaster in
in-house data center. The increasing use of cloud computing is
expected to spur the adoption of colocated data center in coming
years.
The
major challenge faced by colocation service providers is the issue of
regulatory compliance with its cloud based end customers. This can be
overcome by adopting a standardized compliance system which is
expected to emerge in the near future.
The
availability of a strategic location for a colocation data center is
an important parameter for any company. Most of the colocated data
centers are setup in North America followed by European region.
However, the issue of higher power consumption and limited space is
forcing colocated service provider to shift their data centers to
Asia Pacific and Latin America regions. This will help the companies
to balance and limit their power consumption in respective operating
countries thereby saving on operation costs. Colocated data center
finds its application in areas of telecommunication, information
technology, government organization, healthcare, energy and banking,
insurance and other financial services (BFSI).
Sample
can be downloaded from
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