IT and Telecom Segment to Dominate MEA Data Center Colocation Market during 2021–2028

 According to a new market research study on “MEA 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$ 5,930.52 million by 2028 from US$ 2,933.22 million in 2021. The market is estimated to grow at a CAGR of 110.6% from 2021 to 2028. The report provides trends prevailing in the MEA data center colocation market along with the drivers and restraints pertaining to the market growth. Emergence of 5G services to surge demand for advanced data center infrastructure is the major factor driving the growth of the MEA data center colocation market. However, issues associated with the high initial and maintenance costs hinder the growth of MEA data center colocation market.

The MEA 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 South Africa, Saudi Arabia, UAE, and Rest of MEA.

Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the leading countries facing the economic effects of COVID-19 in the Middle East & Africa. The outbreak has led to more people staying indoors, thereby adopting work-from-home practices. Many industries shifted their operational activities from a physical office to a virtual space. The shift in the working style among corporates and digitization of all work and deploying it to on cloud has increased the demand for high storage capacity servers in various industries in the region. The COVID-19 flare-up intensely affected global data center colocation market, and the lockdown forced a few difficulties to the strategic policies. Notwithstanding the pandemic, the data center colocation market estimate that there is a tremendous interest in the business, and it will fill dramatically in the estimated months. The development will withstand based on maximum usage of information utilization by the endeavors and embracing strategies of far off working.

 AT&T Intellectual Property; Cyxtera Technologies, Inc.; Digital Realty Trust LP; Equinix Inc.; NTT Communications Corporation; Telehouse; and Verizon Partner Solutions are among the leading companies in the MEA 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 2021, Verizon Business is expanding its Software-Defined Interconnect (SDI) solution, enabling global enterprise and Public Sector customers to connect their MPLS and Ethernet private networking services to hundreds of cloud, infrastructure and service providers with automated, same-day connectivity.

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