North America Data Center Colocation Market Set for Remarkable Growth, Predicted to Reach $27.4 Billion by 2030

According to a new report published by MarkWide Research, titled, “North America Data Center Colocation Market,” the data center colocation market in North America is on the verge of significant expansion. With a projected compound annual growth rate (CAGR) of 7.2% from 2023 to 2030, the market is anticipated to achieve an impressive valuation of $27.4 billion by 2030. This remarkable growth is driven by the increasing demand for scalable and cost-effective data center solutions, the rise of cloud computing, and the need for businesses to ensure data security and business continuity.

The North America Data Center Colocation Market has experienced robust growth in recent years, as organizations seek to outsource their IT infrastructure to reliable and efficient data center providers.

Key Highlights from the Report:

1. Digital Transformation: The report highlights the role of data center colocation in supporting digital transformation initiatives, enabling businesses to scale and adapt to changing technology requirements.
2. Cloud Adoption: North America’s growing adoption of cloud computing services fuels the demand for data center colocation facilities to support cloud infrastructure.
3. Data Security and Compliance: Data center colocation providers offer advanced security measures and compliance certifications, ensuring data protection and regulatory compliance.
4. Hybrid and Multi-Cloud Strategies: Businesses are increasingly adopting hybrid and multi-cloud strategies, driving the need for colocation services to interconnect and manage diverse cloud environments.
5. Edge Computing: The rise of edge computing applications requires data center colocation facilities to be strategically located to reduce latency and support real-time data processing.
6. Energy Efficiency: Data center providers in North America are investing in energy-efficient infrastructure to reduce environmental impact and operating costs.

Market Outlook:

The North America Data Center Colocation Market’s robust growth outlook is underpinned by the region’s expanding digital economy and the need for reliable data center infrastructure. As businesses across industries continue to rely on data-intensive applications and services, the demand for colocation services is expected to rise.

MarkWide Research’s report provides comprehensive insights into the North America Data Center Colocation Market, offering valuable information for businesses, data center operators, cloud service providers, investors, and stakeholders interested in data center services. With a projected CAGR of 7.2% and a market size expected to reach $27.4 billion by 2030, the opportunities in this sector are substantial and promising.

For a more detailed analysis and in-depth information on the North America Data Center Colocation Market, please refer to the full report published by MarkWide Research. Stay at the forefront of data center solutions and digital transformation by leveraging the expertise and insights offered in this comprehensive study.