RALEIGH, North Carolina, March 7, 2019 /PRNewswire/ -- The global market for data center co-location services is expected to grow at a CAGR of 13.7 percent until 2020, according to Beroe Inc, a procurement intelligence firm. The increasing importance for a reduction in IT infrastructure expenses, physical security, and high power requirements are the major factors driving the co-location services market.
The APAC region is the most matured market for co-location services with a massive 40 percent share in the global co-location facility distribution. North America and MEA hold nearly 34 percent and 22 percent respectively of the global co-location market. The economic growth rate of developing countries is presumed to increase the enterprise demand for co-location services.
Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com
The globally managed hosting services market is projected to grow at a CAGR of 14 percent and reach $81 billion by 2020. Managed hosting services complete the gap between the capacity of an organization's IT operations and access to the latest technologies. This helps save time and money on acquiring IT professionals that have the requisite knowledge and expertise.
One of the key drivers for co-location and managed hosting services is zero downtime, in which the hosting vendors make sure that servers, platforms, and network infrastructure are constantly monitored to ensure the enterprises' smooth operation. However, vendors in the hosting space charge a high fee for managed hosting services as they take care of the end-to-end management activity of data center, which poses to be a major constraint for the industry.
- Innovations such as green data centers and modular data centers have strengthened the data center industry. Moreover, cloud technology is also expected to add value to co-location while making no modification in demand.
- Large enterprises prefer a Tier-IV or Tier-III data center facility due to strong security and device uptime. However, small and medium organizations running less critical applications prefer a Tier-I or Tier-II facility.
- The managed hosting services market constitutes different verticals such as managed data centers, networks, server, infrastructure, and security services. An increase in management complexities, maintenance costs, access to specialists, expert-level knowledge, and the latest technologies are the key market drivers for managed hosting services.
- Outsourcing of data center and network services are heavily adopted by Fortune 500 organizations that do not have IT assistance as a core purpose of their business operations.
- The global pricing of data center hosting services are dependent on the advancements in the server, storage & network equipment, location, the climate of the data center, utility costs involved and Tier classifications.
The research methodology adopted for the report included:
- Experts with twenty years of domain experience
- Interaction with buyers
- Inputs from supply chain partners
The global trends in the industry indicate that the rapid increase in enterprise data and cloud adoption by enterprises are the major driving forces contributing to the growth of data center outsourcing. In the near future, green data centers and modular data centers would revolutionize the global data center market, and add portability feature to data centers on a global scale.
The report also includes:
- Data Center Outsourcing Market
- Data Center Co-location Market
- Data Center Managed Hosting Market
- Market Trends
- Drivers and Constraints
- Porter's Five Forces Analysis
- Supply Market Outlook
- Key Global Hosting Suppliers
- Key Global Supplier Profiles and SWOT
- Digital Realty
- Level 3 Communications
Procurement Best Practices & Pricing Analysis:
- In-house vs. Managed Hosting services
- Risk-Benefit Analysis
- Enterprise Best Practices
- Pricing Methodologies
- Global Price Drivers
- Cost Driver Analysis
Service Level Agreements (SLAs) & Key Performance Indicators (KPIs):
- Contract Pointers
Impact of Regulations on Data Center:
- Impact of Data Sovereign Laws on Data Center
- List of Data Sovereignty Laws across Countries
- Data Center IT Regulations
- Environmental Regulations Impacting Data Centers
About Beroe Inc.:
Beroe's unique business model involves providing market intelligence and analytics to the procurement teams of businesses across the globe. Beroe leverages its deep domain expertise in 300 + categories across 14 industries. It boasts of more than 80 of the Fortune 500 companies as its clients.
To learn more about Beroe Inc, please visit http://www.beroeinc.com
SOURCE Beroe Inc.