Report : South America Data Center Colocation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Retail and Wholesale), Enterprise Size (SMEs and Large Enterprises), and Industry (IT and Telecom, BFSI, Healthcare, Retail, and Others)
Retail Segment to Dominate SAM Data Center Colocation Market during 2021–2028
According to a new market research study on “SAM 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$ 4,017.45 million by 2028 from US$ 2,136.99 million in 2021. The market is estimated to grow at a CAGR of 9.4% from 2021 to 2028. The report provides trends prevailing in the SAM data center colocation market along with the drivers and restraints pertaining to the market growth. Increasing enterprise demands for cost-effective solutions to reduce overall IT cost is the major factor driving the growth of the SAM data center colocation market. However, issues associated with the high initial and maintenance costs hinder the growth of SAM data center colocation market.
The SAM 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 Brazil, Argentina, and Rest of SAM.
Brazil reported the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina in SAM. To curb the spread of the virus, all economic activities in the region were partially halted. Despite the COVID-19 pandemic, the region recorded growth in the data center business, owing to high pressure on end-user industries to support remote working and fast track their work into digitalization and deploy it on the cloud platform.
AT&T Intellectual Property; CyrusOne, Inc.;Digital Realty Trust LP ; Equinix Inc. ; NTT Communications Corporation ; and Verizon Partner Solutions. are among the leading companies in the SAM 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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