Hybrid of Traditional Colocation and Cloud Computing Aids the Market Growth

September 17, 2017

The global market for colocation is anticipated to witness a robust growth in the coming years. This growth can be credited to noticeably lesser investment in terms of capital to construct the data centers, and pocket-friendly operational expenses.

TMR Research expects that the growth in adoption rate of green data centers will likely to strengthen the demand for global colocation market as well. According to a report authored by the market research company, titled, “Colocation Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” these are some of the factors that could change the global scenario of colocation market by augmenting its growth in coming years.

The major reason behind the rising demand of colocation technique is its ability to manage files across mid-sized, small, and large firms, effectively. This facility helps in reducing the in-house IT operational and maintenance cost, that in turn aids in focusing on the main business.

As there is a tremendous increase in the data production worldwide, the firms are looking for a cost-effective and creative solutions in the form of data center services. This is also a contributing factor that has stirred up the growth in colocation industry. Moreover, several industries are acting as the end-users of the colocation technique, such as, government, IT and telecommunication, healthcare and life science, and banking, financial services and insurance (BFSI).

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