Large Enterprises Segment to Dominate APAC Data Center Colocation Market during 2021–2028

 According to a new market research study on “APAC Data Center Colocation Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Enterprise Size, and Industry” is expected to reach US$ 47,990.75 million by 2028 from US$ 15,551.26 million in 2021. The market is estimated to grow at a CAGR of 17.5% from 2021 to 2028. The report provides trends prevailing in the APAC data center colocation market along with the drivers and restraints pertaining to the market growth. Developments in edge computing is the major factor driving the growth of the APAC data center colocation market. However, issues associated with the high initial and maintenance costs hinder the growth of APAC data center colocation market.

The APAC data center colocation market is segmented into type, enterprise size, industry, and country. Based on type, the market is segmented into retail and wholesale. The retail segment dominated the market in 2020 and wholesale segment is expected to be the fastest growing during the forecast period. Based on enterprise size, the data center colocation market is divided into SMEs and large enterprises. The large enterprises segment dominated the market in 2020 and SMEs segment is expected to be the fastest growing during the forecast period. Further, based on industry, the market is segmented into IT & Telecom, BFSI, healthcare, retail, and others. The IT & Telecom segment dominated the market in 2020 and BFSI segment is expected to be the fastest growing during the forecast period. Based on country, the data center colocation market is classified into Germany, France, Italy, UK, Russia, and Rest of Europe.

According to the Organization for Economic Co-operation and Development (OECD), the pandemic affected the region's major economies, including China, India, South Korea, and Vietnam. These markets have experienced low industrial growth during the first two quarters of 2020. Banking, security, monetary administrations, telecom divisions, and data innovation are most affected by unfavorable economic conditions. The lockdown imposed by the pandemic flare-up imposed stringent limitations on the modern area's operation, disrupting the manufacturing network. In many countries, manufacturing operations were halted. In the tumultuous situation, a few activities remained fractured. In any case, the global data center colocation market continued booming due to the surge in interest in data collection, storage, and analysis, which is propelling the industry forward. In addition, the region is known for its robust industrialization, and many companies from diverse industries came with significant data storage requirements to run their operations virtually. Hence, the COVID-19 pandemic has positively influenced the data center colocation market as the number of data centers increased in the region.

 AT&T Intellectual Property; CyrusOne, Inc.; Cyxtera Technologies, Inc.; Digital Realty Trust LP; Equinix Inc.; Global Switch; NTT Communications Corporation; Telehouse; and Verizon Partner Solutions are among the leading companies in the APAC data center colocation market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, CyrusOne, Inc. unveiled net positive water data center at its Arizona facility which significantly reduced on site water usage by millions of gallons per year.

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